TSX Venture Exchange: JZR
VANCOUVER,
May 15, 2014 /CNW/ - Jazz
Resources Inc. (JZR: TSX-V) is saddened to report that
Bryan Glen has passed away. For the
past year he had been suffering from heart problems.
Bryan will be greatly missed both as the CEO of
the Company and as a friend. Bryan was passionate about mining and
was involved with the Company for most of his working life.
J. T. Shearer has
been appointed President/CEO of the Company. Mr. Shearer,
M.Sc., P.Geo. (BC & Ontario)
has been the Company's Vice President of Exploration and Chief
Operating Officer for many years. Mr. Shearer has been
closely involved in the work on the Company's Teddy Glacier and
Spider Properties in BC since 2004 and became a director on
March 1, 2012. Mr. Shearer has
over 40 years of practical experience in management, exploration
and analysis at varying stages of mining development from grass
roots to advanced production projects. He has been directly
involved in or responsible for the discovery of several mineral
deposits, some of which have been put into production. Mr.
Shearer is responsible for the mine plans of several quarries, up
to 600,000 tonnes per year. He has been successfully managing
an industrial mineral operation for the past 12 years and has been
a director of several TSX-V companies over the past 25 years.
Mr. Sean Butler,
P.Geo. will be continuing as our technical director. Mr.
Butler joined the board in 2005 and brings a wealth of exploration,
production and planning experience to the Board.
The company welcomes Mr. Steve May as a new director. The
appropriate paperwork will be filed with the TSX-V shortly.
Steve May has
worked with Jazz Resources since 2008 and has successfully operated
several businesses in Vancouver
and Richmond. Mr. May has a
significant shareholding in the Company and has been involved with
publicizing the company's work for a number of years.
Byron Nutting,
our longtime CFO/Corporate secretary, will be continuing in his
role of keeping excellent financial records and up-to-date
corporate filings.
The results of continuing metallurgical testing
by MetSolve Labs on the Teddy Glacier stockpile will be available
shortly. Shipping of the high-grade bulk sample stockpile to
the Ainsworth Mill to monetize our work since 2009 is expected to
commence in late June or July.
On behalf of the Board of Directors,
Jo Shearer,
President/CEO
Neither TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
This press release contains forward-looking
statements. All statements, other than statements of
historical fact, constitute "forward-looking statements" and
include any information that addresses activities, events or
developments that the Company believes, expects or anticipates will
or may occur in the future including the Company's strategy, plans
or future financial or operating performance and other statements
that express management's expectations or estimates of future
performance.
All such forward-looking information and
statements are based on certain assumptions and analyses made by
the Company's management in light of their experience and
perception of historical trends, current conditions and expected
future developments, as well as other factors management believes
are appropriate in the circumstances. These statements,
however, are subject to known and unknown risks, uncertainties and
other factors that may cause the actual results, level of activity,
performance or achievements of the Company to be materially
different from those expressed, implied by or projected in the
forward-looking information or statements. Important factors
that could cause actual results to differ from these
forward-looking statements include but are not limited to: risks
related to the exploration and potential development of the
Company's projects, the actual results of current exploration
activities, conclusions of economic evaluations, changes in project
parameters as plans continue to be refined, future prices of gold,
as well as those factors discussed in the sections relating to risk
factors of the Company set out in certain of the Company's
disclosure documents filed on SEDAR.
There can be no assurance that any
forward-looking statements will prove to be accurate, as actual
results and future events could differ materially from those
anticipated in such statements. Accordingly, the reader should not
place any undue reliance on forward-looking information or
statements. Except as required by law, the Company does not
intend to revise or update these forward-looking statements after
the date of this document or to revise them to reflect the
occurrence of future unanticipated events.
SOURCE Jazz Resources Inc.