Jade Leader Harvests Over 5.7 Tonnes (12,500 Pounds) of Jade Samples in Trenching of T1 Target, Wyoming

Jade Leader Corp. is pleased to provide an update on its ongoing trenching and sampling program on its Wyoming properties.

Jade Leader Corp. (TSXV:JADE) (“Jade Leader” or “the Company”) is pleased to provide an update on its ongoing trenching and sampling program on its Wyoming properties, especially with regards to progress on its T-1 target where previously recognized Jade zones are being trenched (See News Releases of August 20, 2019 (NR 19-05) and June 12, 2019 (NR 19-03).

Two productive trenches are currently being completed and sampled, located approximately 600 feet (180 meters) apart along a well-defined, roughly N-S trend of nephrite Jade outcrops, subcrop and float. Representative samples from each trench will be tested in the field to ascertain overall quality, color range, texture and workability in the coming weeks. Trenching completed at the T1 target has consisted of 507 linear feet (155 meters) of the 2,128 feet (649 meters) total permitted to date.

As of September 28, 2019, the northern trench (T1A) yielded 70 pieces of Jade with a range of individual weights of 50 to 1,000+ pounds totaling an estimated 7,000 to 8,000 pounds of material. Trench T1A is approximately 14 feet in width, and 5 feet at its deepest point. The southern trench (T1C), 600 feet south of T1A along a prominent airborne geophysical linear, yielded a further 56 pieces of Jade with individual estimated weights ranging from 50 to 500+ pounds with a combined estimated total weight between 5,500 to 6,000 pounds. Trench T1C is approximately 14 feet in width, and around 6 feet at its deepest point.

Mr. Jean-Pierre Jutras, P.Geol, the President and a Director of Jade Leader stated: “This program is rapidly taking the Company from the early exploratory hand sample stage to the bulk harvesting of Jade for evaluation and eventual marketing. The sheer amount of material collected to date at T1 target makes it our top priority target for this field season. Field evaluation of Jades obtained from these trenches to date include a full range of potential qualities, from basic ornamental stones, to carving and jewelry grade material. We will continue to use our successful trenching of geophysically and geologically indicated targets to the fullest in this sampling program”.

Field Mobilization of the D8T caterpillar bulldozer occurred on September 14th, and trenching began on September 15th at the T1 target. Of the 2,128 linear feet (649 meters) of permitted trenching on the T1 target, 507 feet (155 meters) of trenching in three trenches have now been completed.

Material selected for quality testing in the field is selected on the basis of its competence, grain size and color based on examination of chips or windows from individual pieces. Quality testing includes the use of potable diamond saws, as well as wet diamond angle carving grinders to cut and polish through any surface alteration to reveal the stone’s underlying color and texture, evaluate the ability of the stone to produce smooth carved surfaces as well as evaluate its potential to polish properly.

Trench T1B, located east of the trend defined by trench T1A and T1C has encountered favorable alteration and some evidence of Jade formation, however, did not have a productive zone such as that seen in T1A and T1C. It has been mapped, photographed and reclaimed. The non-productive upper part of trench T1C has likewise been reclaimed and is ready for seeding to complete ongoing reclamation commitments.

The program is expected to continue for a minimum of two to three more weeks, weather permitting. Trenching permits are open for a period of one year, which are renewable.

Mr. Jean-Pierre Jutras, P.Geol., President of the Company, is the Qualified Person for the Company’s Jade projects as defined by National Instrument 43-101 and has approved the technical disclosure contained in this news release.

On Behalf of the Board of Directors,

“Jean-Pierre Jutras”

Jean-Pierre Jutras,
President/Director

The TSX Venture Exchange has neither approved nor disapproved of the contents of this press release.

Except for the historical and present factual information contained herein, the matters set forth in this news release, including words such as “expects”, “projects”, “plans”, “anticipates” and similar expressions, are forward-looking information that represents management of Jade Leader’s internal projections, expectations or beliefs concerning, among other things, future operating results and various components thereof or the economic performance of Jade Leader. The projections, estimates and beliefs contained in such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause Jade Leader’s actual performance and financial results in future periods to differ materially from any projections of future performance or results expressed or implied by such forward-looking statements. These risks and uncertainties include, among other things, those described in Jade Leader’s filings with the Canadian securities authorities. Accordingly, holders of Jade Leader shares and potential investors are cautioned that events or circumstances could cause results to differ materially from those predicted. Jade Leader disclaims any responsibility to update these forward-looking statements.

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Five Star Diamonds Limited (TSXV:STAR) (the “Company” or “Five Star Diamonds”) is very pleased to announce that the previously announced drilling programme at the Company’s 100% owned Jaibaras Diamond Project (the “Jaibaras Project” or “the Project”) in Para State, in northern Brazil, has commenced.Jaibaras Diamond Drilling Programme To date eight kimberlite targets, J1 to J8, …

Five Star Diamonds Limited (TSXV:STAR) (the “Company” or “Five Star Diamonds”) is very pleased to announce that the previously announced drilling programme at the Company’s 100% owned Jaibaras Diamond Project (the “Jaibaras Project” or “the Project”) in Para State, in northern Brazil, has commenced.
Jaibaras Diamond Drilling Programme
To date eight kimberlite targets, J1 to J8, have been identified at the Jaibaras Project and the drilling programme will focus on kimberlite targets J1 and J2.
Diamond core drilling commenced on J1 kimberlite and hole JAI-DDH-001-17 is currently in progress.
The programme will use shallow vertical drill holes located on a 50 x 50m drill grid defined by the ground magnetic results. The key objective of the programme is to cross cut the oxide weathered zone and penetrate approximately 5 metres within the fresh rock, which will allow the Company to delineate the lateral boundaries of the pipe and the vertical depth of the oxide weathered zone. This will then provide the necessary data to conduct a tonnage estimation of the J1 oxide zone. A total of 30 diamond drill holes are planned at the J1 kimberlite.
A nearly identical programme is planned on the J2 kimberlite and this will commence immediately after the drilling is completed on the J1 kimberlite.
The complete programme for both J1 and J2 kimberlites is planned to comprise of 61 drill holes with a total of 2,500 linear metres. It is estimated that this programme with be completed in the next 45 days.
The drilling programme is being conducted by Geosol – Geologia e Sondagens S/A (“Geosol”), a drilling company based in Belo Horizonte, Brazil. Geosol has one drilling rig MAC-320 operating on the Project. A second MAC-320 drilling rig is currently being mobilised and will arrive at the Project in the coming days.
Logging, recovery control and drill hole location are being conducted by the Five Star Diamonds exploration crew.
About the Jaibaras Diamond Project
The Jaibaras Diamond Project is located in Para State in Brazil and comprises one mineral property with 522.26 hectares. De Beers discovered the Jaibaras kimberlite cluster in 1990 during intensive Brazilian exploration. Their work included sampling for Kimberlite Indicator Minerals (“KIMs”) and chemistry, aeromagnetic and ground magnetic surveys, drilling, trenching, microdiamond sampling and geochronology. The kimberlites were demonstrated to be diamond positive.
To view figure 1, please visit the following link: http://media3.marketwire.com/docs/1096829_Figure1.pdf
An auger drilling evaluation programme has recently been completed at J5. The programme comprised seven auger holes for a total of 86.80 linear metres with five of the seven holes intersecting a kimberlitic pipe. Auger samples are being washed and concentrated for a KIM study.
Auger drilling has now been completed on targets J3 to J5 and an auger drilling programme is currently been undertaken on target J6.
The auger drilling evaluation programme will then continue with testing of the J7 and J8 targets.
To view figure 2, please visit the following link: http://media3.marketwire.com/docs/1096829_Figure2.pdf
About Five Star Diamonds
The Company recently listed on the TSX Venture Exchange under the ticker symbol STAR.
Five Star Diamonds is focused on acquiring and developing advanced staged diamond projects in Brazil. Since it was established, it has pursued an accelerated growth strategy and aims to be one of the first producers of diamonds from kimberlite deposits in Brazil. The Company is focused on the development of sustainable kimberlite pipes and is not involved in alluvial diamond mining with its associated environmental issues. The Company works closely with local, state and federal authorities in Brazil to foster an open, transparent and legal diamond industry in Brazil.
To view figure 3, please visit the following link: http://media3.marketwire.com/docs/1096829_Figure3.pdf
Qualified Person
Mr Paulo Ilídio de Brito
BSc Geology
Mr. Paulo de Brito is a geologist based in Brazil, has over 30 years of experience in the mining industry, dealing primarily with gold, copper, nickel, iron, industrial minerals and more recently diamonds. Mr. Brito is a Principal of consulting group Brasgeo and was until recently Exploration Manager of Paringa Resources Limited. Previously, he worked as a senior geologist with WMC Resources Ltd for 18 years until the closure of their activities in Brazil in 2002.
The exploration activities and their related results included in this announcement were directly supervised and managed by Mr. Brito. According to Mr. Brito, all exploration work carried out to date on the Riachao Project follow clear mining industry standards.
Mr. Brito, a member of AIG (Australian Institute of Geoscientists) and a member of AusIMM (The Minerals Institute) and a Qualified Person as defined in National Instrument 43-101. Mr. Brito reviewed and approved the scientific and technical information contained in this press release.
On behalf of the Board
Five Star Diamonds Limited
Matthew Wood
Chairman of the Board, President and CEO
Cautionary Note Regarding Forward-looking statements
Information set forth in this news release contains forward-looking statements. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. The Company cautions investors that any forward-looking statements by the Company are not guarantees of future results or performance, and that actual results may differ materially from those in forward looking statements as a result of various factors, many of which are beyond the Company’s control. Such factors include, among other things: variations in the nature, quality and quantity of any mineral deposits that may be located, significant downward variations in the market price of any minerals produced, the Company’s inability to obtain any necessary permits, consents or authorizations required for its activities, to produce minerals from its properties successfully or profitably, to continue its projected growth, to raise the necessary capital or to be fully able to implement its business strategies. Accordingly, actual and future events, conditions and results may differ materially from the estimates, beliefs, intentions and expectations expressed or implied in the forward-looking information. Except as required under applicable securities legislation, the Company undertakes no obligation to publicly update or revise forward-looking information.
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.
Five Star Diamonds Limited
Joe Burke, GM Marketing
jburke@fivestardiamonds.net
Rajan “Raj” Rai
rrai@fivestardiamonds.net
+1 778 835 9200

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