Jazz Resources drills 23.09 m of 31.58 g/t Au at Vila

 

2021-10-21 09:15 ET - News Release

 

Mr. Robert Klenk reports

JAZZ RESOURCES INTERSECTS ONE OUNCE VISIBLE GOLD (31.58 G/T) OVER 23 METER VEIN SYSTEM, VILA NOVA PROJECT, AMAPA STATE, BRAZIL

Jazz Resources Inc.'s drilling on the bedrock portion of the Vila Nova gold project, Amapa state, Brazil, has intersected veins totalling 23.09 metres grading 31.58 grams per tonne (one ounce per tonne) at a vertical depth of 74.47 metres in hole VN-3 (Cord. 0.4075N, 51.7359W). The intersection represents three quartz veins within a 37.78-metre interval that averages 19.3 g/t (0.62 oz) over the entire interval. True width of the unit is estimated at 80 per cent of downhole length in steeply dipping units that subcrop below the 20 metres of unconsolidated tailings and rubble from previous hand mining. Additional drill results will be reported when metallic screen assays are complete. The fire assays were conducted by GEOSOL-SGS Laboratories in Belo Horizonte, Brazil.

Nineteen holes were drilled over 2,000 metres. The foregoing results were derived from the results of five holes, and assays are pending on the remaining 14 holes. The reader is cautioned that, as assays have not been completed on the remaining holes, these results are selective and may not represent the values over the property in general. This press release was prepared by and approved by Dr. S.A. Jackson, PGeo, a qualified person under National Instrument 43-101 and an adviser to the company.