Jaeger Resources Corp. announced that it has signed a Memorandum of Understanding for the exploration of scandium on a property in British Columbia. A property of merit was identified by Mr. Bruce Downing as having a potential for scandium.

Preliminary prospecting was initiated in 2021 and grab samples of various rock types from an Alaskan-type zoned intrusion were collected. The area is accessible via logging roads and the samples are from several scattered occurrences. Samples were sent to the Bureau Veritas facility in Vancouver for preparation and analysis using their FA350, MA250 and LF300 analytical methods.

All samples were subjected to both a four-acid digestion followed by ICP-MS (MA250) and a lithium metaborate fusion followed by ICP-ES (LF300). It is imperative that a proper digestion and analytical method be used for scandium. It is also important that a multi-element scan be done for trace element content which may impact the potential economics of a deposit.

Scandium results indicate that the MA250 and LF300 methods are compatible. It is interesting to note the presence of tellurium and that tellurium and scandium appear to correlate. The platinum and palladium values are also of interest.

The scandium results are very encouraging and a more detailed prospecting, mapping and sampling program will be conducted in 2022. Petrographic studies will be conducted in order to determine the mineralogy. The field-identified hornblendite may in fact be composed of pyroxenes.

The samples were analyzed at the ActLabs laboratory in Ancaster, Ontario. The major oxides were analyzed using the WRA+ICP 4Litho package which employs a lithium metaborate /tetraborate fusion. The resulting molten bead is rapidly digested in a weak nitric acid solution.

Analysis is by ICP-OES and ICP-MS. There are elevated scandium concentrations in this unit. The scandium probably occurs in the ilmenite but may also be present in the amphibole. The titanium (TiO2) is due to the presence of ilmenite which alters to sphene with trace rutile.

Modal estimates of ilmenite range from 5 to 8%. Magnetite is also present. It is also imperative that the proper analytical method and digestion be conducted to determine the trace element content of resistates such as ilmenite and magnetite.

Additional sampling of outcrops on the property for further exploration of scandium is ongoing. Similar scandium concentrations also occur in the mafic unit associated with the Stratmat deposit. Scandium is now listed as a rare metal by both the United States and Canadian governments and a "made in North America" supply chain is warranted.

The recent Canadian federal Government budget has included a Critical Mineral Exploration Tax Credit. The tax credit would apply to certain exploration expenditures targeted at nickel, lithium, cobalt, graphite, copper, rare earths elements, vanadium, tellurium, gallium, scandium, titanium, magnesium, zinc, platinum group metals, or uranium.