OVERVIEW

 

Jazz Resources Inc. has commenced work on its 100% owned Teddy Glacier Property known to contain high grade gold/silver/lead/zinc/copper polymetallic vein and stockworks located 12 km northwest of the townsite of Camborne in British Columbia. The total area covered is about 2,000 ha. The property has a long history of development.

In 2006 the company completed work to allow all terrain vehicle access to the Teddy Glacier Property. A small sample was obtained from the property and the metallurgy for this sample is being analyzed to determine recovery rates and milling parameters. 

During 2008 the Company rebuilt the Fish River Canyon Bridge in cooperation with the B.C. Ministry of Forests and Range and made extensive upgrades to the Teddy Glacier Road.

Also during 2008 the Company commenced the preliminary stages of the Spider Mine Program. Work consisted of gaining access, underground mapping, and sampling. In addition a 3D computer model of the historic workings and past diamond drilling was prepared. A new vein was discovered on the surface near the Spider Mine and three samples were collected and assayed.

In 2009 the Company completed upgrades to the Teddy Glacier Road and completed a 2,000 tonne bulk sample program on the Teddy Glacier Property. 

In August of 2009 a new extension was discovered on the Teddy Glacier Property during blasting for the road upgrade. The new showing was found in the Vimy Ridge area.

In September 2009 the Company acquired eight existing mineral claims adjoining the Teddy Glacier Property. The claims are accessible and have good exploration potential. The claims cover part of the Lardeau mineral belt and contain the historic "Agnes" and "Burniere" showings. The showings contain gold, silver, lead, and zinc.

In September 2009 the Company obtained a Mines Act permit to conduct exploration activities at the Spider Property.

In December 2009 the Company closed a private placement of $101,000 (252,500 units) by way of a non-brokered private placement of units at a price of $0.40 per unit. Each unit consists of one common share and one common share purchase warrant with each warrant entitling the holder to purchase one common share of the Company at a price of $0.50 per share for a period of 18 months from the date of issuance.