JZR Gold (TSX.V:JZR) Shares Double in a Year on Vila Nova Gold Project Progress

Highlights

• JZR Gold’s flagship Vila Nova Gold Project in Brazil is in the development stage, offering near-term production and cash flow exposure.
• The company holds a 50% net profit interest in Vila Nova, providing meaningful leverage to record gold prices.
• Vila Nova is fully permitted, allowing the processing of up to 600,000 tonnes of tailings per year.
• The project hosts an estimated 9 million tonnes of tailings grading 2.7 g/t gold, containing over 700,000 ounces, with processing capacity of 800 tonnes per day.
• First gold concentrate was successfully produced in October 2025, with mill optimization underway to enhance throughput and efficiency.

Gold prices are not just shining, they are soaring. The price surged to approximately USD 4,486.10 per ounce as on January 06, 2026, marking a gain of more than 67% over the last one year and reinforcing gold’s status as a premier store of value in an uncertain global environment.

Against this powerful backdrop, JZR Gold Inc. (TSX.V:JZR) is advancing efforts to capitalize on the strength of the gold market through its flagship Vila Nova Gold Project in Brazil. Now in the development stage, Vila Nova represents the company’s primary near-term growth driver and a potential source of cash flow.

JZR Gold holds a 50% net profit interest in the Vila Nova Project, alongside 35% owned by project operator ECO Mining Oil & Gaz Drilling and Exploration (EIRELI) and 15% held by a local cooperative. With gold prices at record levels, this ownership structure provides JZR with meaningful exposure to near-term production and rising gold margins.

Vila Nova: A Flagship Gold Asset in Brazil

Brazil is widely regarded as a Tier-1 mining jurisdiction, with a long history of gold production and increasing M&A activity across both gold and copper assets. In the first two decades of the 21st century alone, industrial mining in Brazil produced approximately 1,023 tonnes of gold.

The Vila Nova Project is located in the Mazagão municipality of Amapá State, a region that hosts established operations such as the Tucano Mine and the Salamangone Mine.  

More than USD 7 million has already been invested in advancing the project, which is fully permitted, with exploration and exploitation licenses in place. These permits allow for the processing of up to 600,000 tonnes of tailings per year, as well as commercialization and export.

The project’s gold endowment is supported by more than 60 years of surface hand mining and extensive historical drilling and sampling carried out by previous owners. Historical activity has resulted in an estimated 9 million tonnes of tailings grading an average of 2.7 grams per tonne gold, equating to roughly 700,000 ounces. JZR believes gold production could ultimately exceed this estimation.

With a current processing capacity of 800 tonnes per day, the company expects the project to produce approximately 2-3kgs of gold daily.

Beyond the tailing’s opportunity, the project offers blue-sky exploration upside. Potential tailings expansion and ongoing hard rock drilling have outlined a broader gold system estimated to exceed five million ounces, highlighting the project’s long-term growth potential.  

Resource Expansion and Latest Update

Based on a combination of historical and recent drilling, 77 drill holes totalling 10,084m, the project demonstrates substantial resource expansion potential.

Estimates include 54 million tonnes grading 2.08 g/t gold, potentially containing 3.6 million ounces, and 92 million tonnes grading 1.75 g/t gold, potentially containing 5.2 million ounces, in addition to the existing tailings resource.

In October 2025, the company announced the successful production of first gold concentrate, achieved by project operator ECO Mining Oil & Gaz Drilling and Exploration. The processing mill has been undergoing testing and optimization to boost throughput and operational efficiency.

Reflecting growing investor interest, JZR shares have gained 100% in the last one year. The shares closed 1.05% higher at CAD 0.48 per share on January 06, 2026.