Jazz Resources Inc. is pleased to announce that, due to significant demand, it has increased its previously announced private placement financing by an additional $700,000 to $1,700,000. Pursuant to the increased offering, the Company is offering, on a non-brokered private placement basis, up to 2,125,000 units at a price of $0.80 per Unit, to raise aggregate gross proceeds of up to $1,700,000. Each Unit will be comprised [...]
Jazz Resources Inc. is pleased to announce that it intends to undertake a non-brokered private placement offering of up to 1,250,000 units at a price of $0.80 per Unit, to raise aggregate gross proceeds of up to $1,000,000. Each Unit will be comprised of one common share and one common share purchase warrant. Each Warrant will entitle the holder to acquire one additional common share of the Company at an exercise price of [...]
Jazz Resources is pleased to announce that assembly of the 800 tonne per day bulk sampling gravimetric mill on the Vila Nova gold property has been completed. Brastorno Tecnologia em Equipamentos Para Mineracao, a Brazilian manufacturer of mineral exploration and mining equipment, was retained in 2021 to design, manufacture and assemble the Mill on the Property. It is anticipated that the Mill will be powered up with [...]
Jazz Resources wishes to announce that the fully-permitted, 800 tonne per day gravimetric mill is currently being assembled on site at the Vila Nova gold property located in the State of Amapa. The Company anticipates that the mill will be fully assembled before the end of March 2022. Testing of the mill will be conducted as soon as practicable after assembly has been completed. The Company also announces that it has [...]
Jazz Resources Inc. is pleased to announce that it has closed the balance of its previously announced non-brokered private placement offering of units by issuing 819,999 Units at a price of $0.75 per Unit for gross proceeds of $614,999.25. Each Unit is comprised of one common share of the Company and one share purchase warrant, with each Warrant entitling the holder to acquire one additional Share at a price of $1.10 per [...]
Jazz Resources Inc. announces that on December 4, 2021, it has redeemed certain of its unsecured convertible debentures dated June 4, 2021. On the Redemption Date, the Company redeemed the aggregate principal sum of $350,000 of certain Debentures. In addition to the redemption amounts, the Company paid to the holders of the redeemed Debentures any accrued and unpaid interest, at a rate of 8% per annum, calculated from the [...]
Jazz Resources is pleased to announce that it has closed a portion of its previously disclosed non-brokered private placement offering of units by issuing 1,033,333 Units at a price of $0.75 per Unit for gross proceeds of $785,000. Each Unit is comprised of one common share in the capital of the Company and one share purchase warrant. Each Warrant shall entitle the holder to acquire one additional common share in the [...]
Jazz Resources Inc. announces that it intends to complete a non-brokered private placement of units of the Company at a price of $0.75 per Unit, for aggregate gross proceeds to the Company of $800,000 . Each Unit will be comprised of one common share of the Company and one share purchase warrant , with each Warrant being exercisable for one Common Share at an exercise price of $1.10 per Common Share at any time up to 18 [...]
Jazz Resources Inc. 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 at a vertical depth of 74.47 meters in Hole VN-3. The aforementioned intersection represents three quartz veins within a [...]
Jazz Resources Inc. is pleased to report that drilling on the bedrock portion of the Vila Nova gold project, has intersected veins totaling 23.09 meters grading 31.58 g/t at a vertical depth of 74.47 m in Hole VN-3. The intersection represents three quartz veins within a 37.78 m interval that averages 19.3 g/t over the entire interval. True width of the unit is estimated at 80% of down-hole length in steeply dipping units [...]
Jazz Resources Inc. is pleased to announce the arrival of the team from Brastorno Tecnologia Em Equipamentos Para Mineracao, a respected Brazilian manufacturer of mining equipment, to assemble the Gravimetric Plant at the Company's Vila Nova Gold Project located in the State of Amapa. The mill components are being shipped from Brastorno's manufacturing facility in Belo-Horizonte, Brazil. Based on the encouraging results [...]
Jazz Resources Inc. is pleased to announce that it has received encouraging exploration results as set out in a geological report on the Company's Vila Nova Gold Project located in the State of Amapa, Brazil. The Report was commissioned by the Company and ECO Mining Oil & Gaz Drilling and Exploration EIRELI , and was prepared in June 2021 by geological engineer Hamilton Antonio Giampietro of GENESIS GEOLOGIA ME located in [...]