HIGH-QUALITY BIG POTENTIAL -Peter Megaw Streetwise Interview Megaw is technical advisor to Manson Creek Resources Ltd. (MCK:TSX.V). You don't hear about mining jade every day, but that is what its DJ Jade project is all about. The company is run by J.P. Jutras, who used to head Tyler Resources, and upon the sale of Tyler followed his passion, jade carving.
Jade, according to Megaw, is a $60 billion a year market, with that number coming almost entirely from China.
"The DJ Jade project clearly has high-quality potential with the potential to be big in jade terms." – Peter Megaw
Jutras, Megaw explained, "recognized a couple of places in the state of Washington where he found some extremely high-grade jade exactly where he expected it to occur geologically and was able to convince some people that he knows that they should take Manson Creek Resources, which had been a back burner gold company, and reformulate it as a jade company. No one has ever taken a jade company public before. No one has ever played this game before, which is kind of exciting." Manson Creek has reserved the trading symbol JADE and expects to change its name at the upcoming AGM.
"I've been up there. I've walked the ground. I've seen the jade in place. I'm still on a steep learning curve as far as understanding what the geology of jade is, but I like what I see so far. It clearly has high-quality potential with the potential to be big in jade terms. Its claim package seems to cover the whole area of interest," Megaw explained.
"The next step is to continue mapping and sampling and drilling. Drilling in this particular case would be a very low-impact, relatively short-hole kind of program. It's on forest service property in the state of Washington in an area that's been heavily logged in the past, so it has had significant impact. We're approaching the permitting stage of the project for drilling. It's hard to tell how long it takes to get permits in Washington. Considering how much things are changing under the Trump Administration, things might actually be able to move not only for Manson Creek but, also, for Barksdale much faster than people thought," Megaw stated.
https://www.streetwisereports.com/article/2018/02/01/geologist-peter-megaws-golden-touch-in-his-search-for-district-scale-mines.html