CAJUEIRO

Cajueiro has a NI 43-101 resource of Indicated Resources of 214,000oz Au and Inferred Resources of 282,000oz Au. 2016 – 2017 drill results have not been included thus far.
Numerous untested gold-in-soil anomalies. Trial mining permit in place.
Three new high-grade zones discovered at Baldo East (6m @ 21 g/t, 7m @ 5.53 g/t & 2m @8.30 g/t Au)

 

Location

Infrastructure

  • Land use is mainly for cattle ranches
  • Extensive network of power lines and roads
  • Hydro project in construction near Cajueiro. Potential for direct power within 1-2 years
  • Daily flights to Alta Floresta on Azul Airlines with connections to Sao Paolo

Overview

  • Metallurgical testing proved an up to 96.2% recovery rate from a CIL processing plant
  • NI 43-101 compliant resource based on 11,292m of drilling – Indicated 214,000oz Au at 0.771 g/t; and an Inferred 282,000oz Au at 0.804 g/t (of which 78,400oz Au at 1.775 g/t in the oxide saprolite domain)
  • 39,053 Ha project with mining licenses granted. 13,301m of previous drilling and 94 drill holes. 85% of gold-in-soil anomalies remain untested.
  • Historic surface gold workings produced +250,000oz Au. Soil sampling has identified 10 gold anomalies of which 4 have been only partially drill tested
  • Three new zones discovered at Baldo East (6m @ 21.74 g/t, 7m @5.53 g/t & 2m @ 8.30 g/t Au)

Resources

Sulphides

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Oxides

Source, M.Claiborne Newton ,March 24 ,2016.  NI 43-101 Technical Report on Resources, Cajueiro Project States of Mato Grosso and Para, Brazil. Gustavsson Associates LLC.
Mineral resources are not mineral reserves and do not demonstrate economic viability. There is no certainty that all or any part of the mineral resource will be converted to mineral reserves. Quantity and grade are estimates and are rounded to reflect the fact that the resource estimate is an approximation
The estimate considered a gold price of $1,250 per ounce and a cut-off grade of 0.3g/t gold

Gold-In-Soil Anomalies vs Drilling

Baldo East

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