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Jazz Resources Inc. Reports on and Summarizes Certain Technical Information Received from the Operator of the Vila Nova Gold Project, Amapa State, Brazil
(TheNewswire) Highlights of the Report (as defined below) include: Explor...
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[{"type":"text","content":"Jazz Resources Inc. Reports on and Summarizes Certain Technical Information Received from the Operator of the Vila Nova Gold Project, Amapa State, Brazil \n \n \n (TheNewswire)\n \n \n \n Highlights of the Report (as defined below)\ninclude:\n \n \n \n \n \n \n Exploration potential on the Vila Nova Project can be\nstated as between 54 million tonnes grading 2.08 g/t gold potentially\ncontaining 3.6 million ounces of gold, and 92 million tonnes grading\n1.75 g/t gold potentially containing 5.2 million ounces of\ngold.\n \n \n \n \n \n \n The Report indicates that conclusions are based on the\nmodelling of the Vila Nova Project derived from the results of both\nhistorical and current drilling of 59 historical holes totaling 7,684\nmeters.\n \n \n \n \n \n \n \n \n The drilling total includes data from historical drill\nhole work using diamond drilling completed by previous owners or\noperators of the Vila Nova property pursuant to exploration work\nundertaken between 1993 - 1996.\n \n \n \n \n \n \n Only 1 km of the 3 km strike length has been\ndrill-tested\n \n \n \n \n \n \n Eco Mining (as defined below) have indicated that\nadditional drilling is planned for the third quarter of 2022 to\ndetermine the extent of mineralization.\n \n \n \n \n \n \n June 27, 2022 – TheNewswire -\n \n \n Vancouver, British Columbia,\nCanada\n \n \n – Jazz Resources Inc. (the\n“\n \n \n Company\n \n \n ” or “\n \n \n JZR\n \n \n ”)\n \n \n (TSXV:JZR)\n \n \n announces that it has\nreceived a technical report (the “\n \n \n Report\n \n \n ”) from Eco\nMining Oil & Gas Drilling and Exploration Eireli. (“\n \n \n Eco Mining\n \n \n ”) in\nconnection with the Vila Nova gold project located in Amapa, Brazil\n(the “\n \n \n Vila Nova\nProject\n \n \n ”).  The Report, titled “Geologic\nModeling and Assessment of Potential Mineral Resources, Vila Nova Gold\nProject, Amapa State, Brazil”, was prepared by Eng. Geologo Marcius\nCosta Machado and Eng. Geologo Remo Almeida Machado of Pesquisa\nMineral Geologia, and was commissioned by Eco Mining to analyze prior\nexploration work and evaluate the exploration potential of the Vila\nNova Project. Pursuant to a Joint Venture Royalty Agreement dated July\n6, 2020, as amended (the “\n \n \n JVRA\n \n \n ...