Jazz Announces Encouraging GOLD Results from Sampling of Tailings ON the Vila NOVA GOLD Project
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JAZZ RESOURCES INC.
April 16, 2021 TSXV: JZR
JAZZ ANNOUNCES ENCOURAGING GOLD RESULTS FROM SAMPLING OF TAILINGS ON THE VILA
NOVA GOLD PROJECT, AMAPA STATE, BRAZIL
Vancouver, British Columbia, Canada – Jazz Resources Inc. (the “ Company” or “ JZR”) wishes to announce
encouraging initial results from auger sampling of tailings on the Vila Nova Gold Project, located in Amapa State,
Brazil (the “Vila Nova Gold Project” or the “Property”).
Assays from fifteen samples from two different accumulations of tailings materials have been returned from SGS Labs
in Belo Horizonte, Brazil. Returns from approximately 130 other samples are awaited from the laboratory, and will be
reported when received.
Initial results from the fifteen samples average 19.4 g/tonne gold with a range from zero to 49.9 g/tonne gold. The
fifteen samples represent fifteen wide ly spaced auger tests ranging from 4-12 meters depth. Five auger test holes are
from the “Stockpile” area and ten from the “Big Dam” tailings location on the Vila Nova Gold Project, a property that
was previously hand-mined. The reader is cautioned that the reported samples may not be representative of materials
available on the overall site.
Sampling was supervised by an independent onsite geologist retained by ECO Mining, our joint venture partner, to
conduct exploration and evaluation on the Vila Nova Gold Project. Samples were submitted to SGS Labs for fire assay
using a 50- gram sample aliquot from samples which were crushed to 75% to minus 3mm, then pulverized to 95%
minus 150 mesh.
Based on work to date , and these initial encouraging results, the Company intends to move forward with plans to
construct a bulk sampling facility on the Property, as recommended in the Company’s NI43-101 report prepared by Dr.
Stewart A. Jackson titled “NI43-101 Technical Report on the Vila Nova Gold Property” dated September 22, 2020.
The technical information in this news release has been prepared in accordance with the requirements set out in
National Instrument 43-101 Standards of Disclosure for Mineral Projects, and reviewed and approved by Dr. Stewart
A. Jackson, PGeo., a Qualified Person under National Instrument 43-101, and independent of the Company.
The Company does not report any resources or reserves on the P roperty, and has not prepared a preliminary economic
assessment for purposes of proceeding with bulk sample evaluation of the Property. Planned activity on the Property is
in the exploration stage and is conducted under N ational Instrument 43-101 recommendations for exploration of the
Property.
For further information, please contact:
Robert Klenk
Chief Executive Officer
Forward-Looking Information
This press release contains "forward -looking informati on" within the meaning of ap plicable Canadian s ecurities legislation. Forward -looking
information includes, but is not limited to, statements with respect to the terms of the Offeri ng, the completion of the Offering and the expected
use of the net proceeds received by the Company. 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", "sc heduled", "estimates", "forecasts", "intends",
"anticipates" or "does not anticipa te", 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". Forward -looking information is subject t o known and unknown risks,
uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially
different from those expressed or implied by such forward-looking information, incl uding but not limited to: ge neral business, eco nomic,
competitive, geopolitical and social uncertainties; and regulatory risks. Although the Company has attempted to identify import ant factors that
could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results
not to be as anticipated, estimated or intended. There can be no assurance that such informa tion will prove to be accurate, as actual results and
future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-
looking information. The forward-looking information cont ained in this news release is expressly qualified in its entirety by this cautionary
statement. The Company does not undertake to update any forward-looking information, except as required by applicable securities laws.
Neither the TSX Venture Exchange nor its regulation services provider (as that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this press release.
None of the securities of JZR have been registered under the U.S. Securities Act of 1933, as amended (the “U.S. Securities Act”), or any state
securities law, and may not be offe red or sold in the United States or to, or for the account or benefit of, persons in the United States or “U.S.
persons” (as such term is defined in Regulation S under the U.S. Securitie s Act) absent registration or an exemption from such registration
requirements. 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.