JZR Gold (TSXV:JZR) is advancing its Vila Nova gold project in Amapá, Brazil, to deliver sustainable shareholder value. The company commissions its pilot plant in Vila Nova to process approximately 9 million tonnes of historic gold residue grading 2.7 grams per tonne, equivalent to more than 700,000 ounces of gold. The short-term cash flow from the plant operations will support continued exploration to expand JZR’s gold resources.
The pilot plant will initially reprocess 2 million tonnes of tailings from previous mining operations that contain significant residual gold. With a planned processing capacity of 800 tonnes per day and a recovery rate of 89 percent, the plant is expected to produce approximately 2 kilograms of gold daily.
Revenues from the Vila Nova pilot plant are expected in the first quarter of 2025, providing cash flow to cover operations and fund further exploration. By reinvesting early returns into resource expansion, JZR aims to set additional high-value targets and drive phased, self-sustaining growth without significant external financing.
Company Highlights
- Short-term cash flow from gold residue operation at the flagship Vila Nova gold project in Amapá, Brazil.
- An estimated 9 million tonnes of gold residue have been identified at an average of 2.7 g/ton for an expected gold content of more than 700,000 ounces.
- The Vila Nova project features an 800 tonne per day pilot mill with full consent to process high-grade gold residues for short-term cash flow.
- JZR Gold has invested more than $7 million in infrastructure and drilling at the Vila Nova project.
- The Vila Nova project is located in an underdeveloped region with significant geological advantages and proximity to established mining activities.
- The first operations in Vila Nova are expected to produce approximately 2 kilograms of gold per day.
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