JZR Gold (TSXV:JZR) is advancing its Vila Nova gold project in Amapá, Brazil, to deliver sustainable shareholder value. The company is commissioning its Vila Nova pilot mill to process approximately 9 million tonnes of historical gold tailings grading 2.7 grams per tonne, representing more than 700,000 ounces of contained gold. Near-term cash flow from mill operations will support ongoing exploration to expand JZR’s gold resources.
The pilot mill will initially reprocess 2 million tonnes of tailings from past mining activities containing significant residual gold. With a planned throughput of 800 tonnes per day and an 89 percent recovery rate, the mill is expected to produce about 2 kilograms of gold daily.
Revenue from the Vila Nova pilot mill is anticipated in the first quarter of 2025, providing cash flow to cover operations and fund further exploration. By reinvesting early proceeds into resource expansion, JZR aims to delineate additional high-grade targets and drive phased, self-sustaining growth without significant external financing.
Company Highlights
- Near term cash-flow from gold tailings operation at flagship Vila Nova gold project in Amapá, Brazil.
- An estimated 9 million tonnes of gold tailings have been identified with grades averaging 2.7 g/t for a projected contained gold content of over 700,000 ounces.
- The Vila Nova project has a fully permitted 800-ton-per-day pilot mill to process high-grade gold tailings for near-term cash flow.
- JZR Gold has invested more than US$7 million in infrastructure and drilling at the Vila Nova project.
- The Vila Nova project is situated in an underexplored region with significant geological upside and proximity to established mining operations.
- Initial operations at Vila Nova are expected to yield approximately 2 kilograms of gold per day.
