JAZZ Announces Assembly of its 800 Tonne Per Day Gravimetric Mill on the Vila Nova Gold Project, Amapa State, Brazil

JAZZ Announces Assembly of its 800 Tonne Per Day Gravimetric Mill on the Vila Nova Gold Project, Amapa State, Brazil

(TheNewswire)

Vancouver, British Col umbia, Canada TheNewswire April 27, 2022 - Jazz Resources Inc. (TSXV:JZR) (the " Company " or " JZR ") is pleased to announce that assembly of the 800 tonne per day bulk sampling gravimetric mill (the " Mill ") on the Vila Nova gold property in Amapa, Brazil (the " Property ") has been completed.  Brastorno Tecnologia em Equipamentos Para Mineracao (" Brastorno "), a Brazilian manufacturer of mineral exploration and mining equipment, was retained in 2021 to design, manufacture and assemble the Mill on the Property.  It is anticipated that the Mill will be powered up with electricity and water and Brastorno will undertake start-up and testing procedures in May 2022 before the Mill will become operational.

The Company, together with the operator of the project on the Property, ECO Mining Oil & Gaz Drilling and Exploration EIRELI (" ECO "), and all technical consultants and other personnel on the Property, are working diligently to bring the Mill into operation.  The Company is focused on commencing bulk sampling as soon as possible, with a view to generating revenue from its royalty interest in the Property, pursuant to the terms of the Joint Venture Royalty Agreement with ECO.

The technical information in this news release has been prepared in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects (" NI 43-101 "), and reviewed and approved by Dr. Stewart A. Jackson, PGeo., a "Qualified Person" under NI 43-101 and independent of the Company.  The Company does not report any resources or reserves on the Property, and has not prepared a preliminary economic assessment for the purposes of proceeding with any bulk sampling on the Property.

The Company also announces that 2,909,000 share purchase warrants issued in 2021, with an exercise price of $0.35 per share, were exercised in March.  As a result, the Company issued an aggregate of 2,909,000 common shares and received gross proceeds of $1,018,150.  The Company has used, and intends to use, the net proceeds received from the exercise of warrants to further develop the Vila Nova gold project and for general working capital purposes.

For further information, please contact:

Robert Klenk

Chief Executive Officer

rob@jazzresources.ca

Forward-Looking Statements

This news release contains forward-looking statements, which includes any information about activities, events or developments that the Company believes, expects or anticipates will or may occur in the future.  Forward-looking statements in this news release include statements with respect to the expected use of proceeds derived from the exercise of Warrants, the anticipated start-up of the Mill and the planned commencement of bulk sampling on the Property.  Forward-looking statements are subject to a variety of 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 or implied by such forward-looking statements.  Risks that could change or prevent these statements from coming to fruition include, but are not limited to, that we may not succeed in bringing the Mill into operation and that the Mill may not operate as anticipated, or at all; that any minerals which may exist on our Property may not be economically mined or processed, if at all; that we or ECO may not be able to obtain the necessary permits related to the Mill or the Property to enable us to explore for, or mine or process minerals; that we may not be able to raise additional or sufficient funds that may be necessary to develop our Property or bring the Mill into operation and to continue its operation; the availability, or lack thereof, of labour, equipment and markets for our products; and general business, economic, competitive, geopolitical and social uncertainties and regulatory risks.  Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended.  There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements.  Accordingly, readers should not place undue reliance on forward-looking statements. The forward-looking statements contained in this news release is expressly qualified in its entirety by this cautionary statement. The Company does not undertake to update any forward-looking statements, except as required by applicable securities laws.

Neither the 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 press release.

None of the securities of JZR have been registered under the U.S. Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities law, and may not be offered or sold in the United States or to, or for the account or benefit of, persons in the United States or "U.S. persons" (as such term is defined in Regulation S under the U.S. Securities Act) absent registration or an exemption from such registration requirements. This news release shall not constitute an offer to sell or the solicitation of an offer to buy in the United States nor shall there be any sale of the securities in any State in which such offer, solicitation or sale would be unlawful.

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES

Copyright (c) 2022 TheNewswire - All rights reserved.

News Provided by TheNewsWire via QuoteMedia

JZR:CA
JZR Gold

JZR Gold Investor Kit

  • Corporate info
  • Insights
  • Growth strategies
  • Upcoming projects

GET YOUR FREE INVESTOR KIT

The Conversation (0)
JZR Gold (TSXV:JZR)

JZR Gold


Keep reading...Show less
JZR Gold Provides Update on Vila Nova Gold Project

JZR Gold Provides Update on Vila Nova Gold Project

(TheNewswire)

JZR Gold Inc.
Vancouver, British Columbia, Canada – JZR Gold Inc. (the “Company” or “JZR”) (TSX-V: JZR) has been advised by ECO Mining Oil & Gaz Drilling and Exploration (EIRELI) (“ECO”), the operator of the Vila Nova gold project (the “Vila Nova Property”) located in the State of Amapa, Brazil, that it has received all required permits from the Agencia Nacional de Mineracao, Brazil’s national mining agency, and the relevant environmental agencies in Brazil, to allow ECO to commence preparation work on the Vila Nova Property. The Company has worked with ECO to commission the manufacture and assembly of an 800 tonne-per-day bulk sampling gravimetric mill, which is ready to commence operation on the Vila Nova Property. ECO has advised the Company that it will start up the plant to commence processing material from the Vila Nova Property within weeks.
JZR Gold Inc. possesses a 50% net profit interest (the “NPI”) in all profit generated from the Vila Nova Project.

For further information, please contact:

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less
JZR Gold Announces Private Placement Offering Of Units To Raise Up To $750,000

JZR Gold Announces Private Placement Offering Of Units To Raise Up To $750,000

(TheNewswire)

JZR Gold Inc.

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION,
DISTRIBUTION OR DISSEMINATION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART,
IN OR INTO THE UNITED STATES.

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less
JZR Gold Announces Closing Of Non-Brokered Private Placement Offering Of Convertible Debentures

JZR Gold Announces Closing Of Non-Brokered Private Placement Offering Of Convertible Debentures

(TheNewswire)

JZR Gold Inc.

Vancouver, British Columbia, Canada September 10, 2024 TheNewswire JZR Gold Inc. (the " Company " or " JZR ") ( TSX-V: JZR ) is pleased to announce that further to news releases dated June 21, 2024, July 22, 2024, and August 16, 2024, that it has closed the second and final tranche of the previously announced non-brokered private placement offering (the " Offering ") of unsecured convertible debentures (the " Debentures "). The Company requested and received acceptance from the TSX Venture Exchange (the " Exchange ") to increase the Offering to up to CAD$2 million. The principal sum of Debentures issued in the second tranche totals $480,000, for total gross proceeds from the Offering of $1,980,000.

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less
JZR Gold Extends Deadline to Close Non-Brokered Private Placement Offering of Convertible Debentures

JZR Gold Extends Deadline to Close Non-Brokered Private Placement Offering of Convertible Debentures

(TheNewswire)

JZR Gold Inc.

August 16, 2024 TheNewswire Vancouver, British Columbia, Canada JZR Gold Inc. (the " Company " or " JZR ") ( TSX-V: JZR ) announces that it has requested and has received acceptance from the TSX Venture Exchange (the " Exchange ") to extend the deadline to complete its previously announced non-brokered private placement offering (the " Offering ") of unsecured convertible debentures (the " Debentures ") to raise gross proceeds of up to $1,500,000, which was subsequently increased to $1,700,000.  On July 22, 2024, the Company announced that it had closed a first tranche of the Offering and issued Debentures in the aggregate principal amount of $1,500,000. The Offering was announced on June 21, 2024, and the initial deadline to complete the Offering was August 5, 2024.  Pursuant to the extension granted by the Exchange, the deadline to close the Offering is September 5, 2024.

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less
JZR Gold Announces Private Placement Offering of Units to Raise Up to $1,000,000

JZR Gold Announces Private Placement Offering of Units to Raise Up to $1,000,000

(TheNewswire)

JZR Gold Inc.

JZR Gold Inc. (TSXV:JZR) (OTC:JZRIF) (the " Company " or " JZR ") is pleased to announce that it intends to undertake a non-brokered private placement offering (the " Offering ") of up to 5,000,000 units (each, a " Unit ") at a price of $0.20 per Unit, to raise aggregate gross proceeds of up to $1,000,000.  Each Unit will be comprised of one common share (each, a " Share ") and one share purchase warrant (each, a " Warrant ").  Each Warrant will entitle the holder to acquire one additional common share (each, a " Warrant Share ") in the capital of the Company at an exercise price of $0.30 per Warrant Share for a period of nine (9) months after the closing of the Offering

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less
Aurum Resources

Takeover Offer for Mako Gold Limited – Share Offer Unconditional and Status of Offers Conditions

Aurum Resources Limited (ASX: AUE) (Aurum) refers to its off-market takeover offer to acquire all of the ordinary shares (Share Offer) and certain options (Option Offers) in Mako Gold Limited (ASX:MKG) (Mako) pursuant to its bidder’s statement dated 30 October 2024 (as supplemented or replaced from time to time) (Bidder’s Statement).

Keep reading...Show less
Rows of gold bars.

Top 10 Gold Reserves by Country

Gold is one of the most important metals on the planet. For millennia it has been used in jewelry, art and currency, capturing the collective imagination as a thing of wonder. Gold's association with royalty and wealth has inspired explorers and treasure hunters alike, who put themselves at risk for a chance to strike it rich.

Today, gold's hold on us as a precious metal is no less powerful. Still used for jewelry and as a store of wealth, the metal also has a variety of modern industrial and electronic applications.

Even though gold seems to be everywhere, in reality it's a finite resource. Only 244,000 metric tons of gold have ever been mined, and two-thirds of that has been extracted since 1950. Comparing that amount to the more than 700 million metric tons of copper that have been pulled from the ground provides an idea of how precious a resource gold truly is.

Keep reading...Show less
Physical gold bar and gold Maple Leaf coin with small gold nuggets on top.

A Guide to Investing in Physical Gold (Updated 2024)

Gold is known as an attractive safe-haven investment and has been used to store wealth during volatile times through history.

It has interesting currency-like tendencies, and retains its purchasing power better than paper currencies.

For that reason, gold market analysts typically recommend that investors build a diversified portfolio with a portion of their wealth in gold bullion. Here the Investing News Network explains what's involved in building and managing a physical gold portfolio.

Keep reading...Show less
Providence Insider Participates in Financing

Providence Insider Participates in Financing

Providence Gold Mines Inc. (“the Company) is pleased to announce further to the Private placement announced on November 14, 2024 that an insider of the Company is participating in the first tranche of the private placement in the amount of $75,000 Cdn for 1,500,000 units at $0.05 per unit. Each unit comprises of one common share and one non-transferable warrant exercisable into one common share of the Company at a price of $0.09 for a period of two years from the date of closing. The funds will be used for general purposes.

As announced, a placement of up to $1,800,000 Cdn for 36,000,000 units at $0.05 per unit is now underway. Each unit will comprise of one common share and one non-transferable warrant, exercisable into one common share of the Company at a price of $0.09 for a period of two years from the date of closing.

Keep reading...Show less
Tempest Minerals

TEM | Yalgoo Update - Further Excellent Iron Results

Tempest Minerals Limited (ASX: TEM) is pleased to update that recent RC drilling at the Remorse Target has identified the presence of thick, high-grade, magnetite-hosted iron in initial assays which has now been confirmed with multiple drill holes over several kilometres of strike length. The Remorse Target is situated within the Company’s 100% owned Yalgoo Project which has multiple world-class iron ore operations nearby.

Keep reading...Show less
JZR Gold

JZR Gold Investor Kit

  • Corporate info
  • Insights
  • Growth strategies
  • Upcoming projects

GET YOUR FREE INVESTOR KIT

Latest Press Releases

Related News

×