JZR Gold Inc. V.JZR

excellent news

[knoxt]

Jazz Resources Reports Additional Drill Holes Intersecting Visible Gold in Multiple Vein System on the Vila Nova Project in Amapa State, Brazil

 

28 Oct 202109:01 ET

TheNewswire.ca

 

(via TheNewswire)

October 28, 2021 - TheNewswire - Vancouver, British Columbia, Canada - Jazz Resources Inc. (the "Company" or "JZR") (TSXV:JZR) is pleased to report that drilling undertaken on the bedrock portion of the Vila Nova gold project, Amapa State, Brazil has intersected multiple veins with visible gold in all four drill holes, including the previously reported veins totaling 23.09 meters grading 31.58 g/t (one ounce per tonne) at a vertical depth of 74.47 meters in Hole VN-3 (Cord. 44.416N, 418.157W).

The aforementioned intersection represents three quartz veins within a 37.78-meter interval that averages 19.3 g/t (0.62 oz) over the entire interval. True width of the unit is estimated at 60% of down-hole length in steeply dipping units that sub-crop below the 20 meters of unconsolidated tailings and rubble from previous hand mining.

Additional drill results for holes VN-1 through VN-4 are tabulated below.

 --------------------------------------------------------------------------- |Hole |From (m)|To (m)|Assay int.(m)|Gold Grade (g/t)|Coordinates | |Number | | | | | | |-------------------------------------------------------------------------| |Hole VN-1|36.55 |45.75 |9.20 |10.25 |44.953N/418.087E| | | | | | | | | |45.75 |56.05 |10.30 |7.50 | | |-------------------------------------------------------------------------| |Hole VN-2|23.67 |34.62 |10.05 |10.23 |44.527N/418.263W| | | | | | | | | |34.62 |30.75 |5.13 |0.48 | | | | | | | | | |-------------------------------------------------------------------------| |Hole VN-3|74.74 |82.4 |7.66 |17.90 |44.416N/418.157W| | | | | | | | | |89.71 |97.44 |7.73 |49.92 | | | | | | | | | | |104.82 |112.52|7.70 |27.67 | | |-------------------------------------------------------------------------| |Hole VN-4|36.48 |43.58 |7.10 |20.32 |44.927N/418.444W| | | | | | | | | |43.58 |49.30 |5.72 |13.41 |UTM.Datum Sirgas| | | | | | |2000 Zona 22N | | |49.30 |56.35 |7.05 |3.19 | | | | | | | | | --------------------------------------------------------------------------- 

UTM.Datum Sirgas 2000Zona 22N

The fire assays were conducted by GEOSOL- SGS Laboratories in Belo Horizonte, Brazil.

The illustration set out in the photo below demonstrates the parallel-banded iron formation quartz vein systems outcropping in surface pits and intersected by the drilling that was recently conducted. The values quoted above are from a single drill hole that is located in close proximity to this location, cutting across three of the near-vertical vein systems on the Vila Nova property. The multiple veins outcrop over a distance of at least 1.5km, within a total claim position of over 3 km in length.

The photo set out below has been derived from a report titled, "Diamond drilling in the Vila Nova Gold Project, Brazil: Updates September 2021" prepared by Hamilton Antonio Giampietro, Geological Engineer, on behalf of the Company.

 

[tdsb]

PRESS THE BET! Eric hasn't ponied up yet but when he does get in you can be sure he will be buying all the way up. 

[tdsb]

18 million shares only and a gravimetric plant being assembled and super high grade gold, WOW! This sounds to good to be true, this looks better than NFG. When this story gets it should go NUTS!

[tdsb]

The Royalty agreement with ECO, a 50-50 split is the only question mark???? If they keep getting similar drilling results it is a definite go!

[Galaxym31]

I like nuts .