Vancouver, British Columbia, Canada – TheNewswire – Jazz Resources Inc.
Sampling conducted on the Vila Nova Gold Project indicates widespread encouraging gold values from extensive auguring and drilling of nine areas of major tailings and mine processing rejects on the Vila Nova Gold Project.
Sampling was done by representatives of GE21, an independent mineral consulting firm retained by JZR to conduct exploration and evaluation on the Vila Nova Gold Project.
Sampling conducted on the Property to date has returned multiple samples running as high as 10-50 grams per tonne over thicknesses averaging about 3 meters over the 111.7 hectares.
The reader is cautioned that there are no current “reserves” or “resources” on the Property, as such terms are defined under National Instrument 43-101 Standards of Disclosure for Mineral Projects, and further that the Company has not conducted any Preliminary Economic Analysis for the Property, and any mining to be conducted on the Property is subject to multiple risk factors.
Based on the encouraging results obtained to date, the Company is moving forward with plans to construct a bulk sampling facility, as recommended in the Company’s National Instrument 43-101 technical report prepared by Dr.
Pursuant to the JV Agreement, the Company has the option and right, subject to making certain payments to ECO, to acquire a 50% net profits interest in the Vila Nova Gold Project.
The technical information in this news release has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43-101, and reviewed and approved by Dr.
Generally, forward-looking information can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved”.
This press 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.
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