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Jazz Resources ( (TSE:JZR) ) has provided an announcement.
JZR Gold Inc. reported that initial concentrate samples from its Vila Nova Gold Project in Brazil returned assay results of up to 130 grams per tonne of gold, confirming the processing circuit can produce high-grade concentrate from tailings material. The company says this proof of concept validates its approach and shifts its focus to improving consistency and reliability at the mill as it moves toward initial concentrate sales after the rainy season.
Since commissioning the mill in 2025, joint venture partner ECO Mining Oil & Gaz Drilling Exploration has addressed early technical challenges and is now optimizing operating parameters and plant resiliency to support steady production. JZR, which holds a 50% net profit interest in the project and is already in discussions with potential buyers, cautions that the selective samples are not yet representative of the overall tailings and that no mineral resource or reserve has been defined.
More about Jazz Resources
JZR Gold Inc. is a Canadian mineral exploration and development company focused on its Vila Nova Gold Project in Amapá State, Brazil. The company targets recovery of gold from tailings through bulk sampling and processing operations and is listed on the TSX Venture Exchange under the symbol JZR.
Average Trading Volume: 145,764
Technical Sentiment Signal: Strong Sell
Current Market Cap: C$21M
Learn more about JZR stock on TipRanks’ Stock Analysis page.