OTHER PROJECTS

Colider

9,250.94 ha, Mato Grosso State, Brazil 

The Colider property represents potential for discovery of high-grade, shear zone controlled gold mineralization, suitable to support underground mining operations.  Pre-acquisition exploration along a 5.5 km strike length of the target structure has identified four gold-in-soil anomaly areas, and thirteen diamond drill holes totaling 2700m targeting the bedrock have yielded promising results including 4.1 m @ 13.6 g/t Au, and 2m @ 9.6 g/t Au.  In addition multiple elevated copper values were found in previous drill holes at the Colíder project including 4.1m @ 1.05% Cu and 18.59g/t Au in Hole #CL-1 and 2.9m @ 0.61% Cu and 6.1g/t Au in Hole #CL-8. 

Nova Canaa

10,011.20 ha, Mato Grosso StateBrazil 

Similar to Colider, mineralized veins in granitic rocks host Au with associated pyrite, chalcopyrite and galena. The property currently has three main target areas identified. Previous underground sampling has identified promising grades including 2m @ 92.19 g/t Au. Twenty five  diamond drill holes totaling 3,977m  were drilled in 2007 and 2010  targeting the bedrock yielding high grade gold and silver results. Gold results included 2m @ 7.2g/t Au, 2.9m @ 14.2g/t Au, and 1.5m @ 17.2g/t Au

Vila Rica

2586.79 ha, Mato Grosso StateBrazil 

This property is an early-stage exploration located approximately 600 km east of Cajueiro project, within a prospective area of the Juruena Gold Belt. The Company is including Vila Rica in a technical review of all holdings to determine a priority rating for further exploration. 

Porta Aberta

1,521ha Mato Grosso StateBrazil 

The Porta Aberta project area is located 13km SSW of the Cajueiro project and is characterized by extensive historic placer workings which produced an estimated 500kg of gold and cover an area of several square kilometers.  Outcropping gold mineralization appears to be confined to a series of quartz-sulphide veins within a NNW  trending shear zone characterized by silica-sericite-pyrite alteration which has been traced for 2.5km and is open to the north and south. The width of the shear zone and the width and extent of individual veins within the zone is, as yet, unknown. 

In October 2018 the Company announced that the Porta Aberta claim blocks have been extended for a further two years and presented sampling results.

Current Exploration Update

Reconnaissance rock chip sampling from outcropping quartz-sulphide veins returned gold values ranging from 0.5 to 242.8g/t gold (12 samples) with three samples returning 199.3g/t, 202.1g/t and 242.8g/t gold. In addition to the high-grade gold values returned from the surface sampling, elevated Ag (up to 60g/t), Zn (up to 0.13%), Pb (up to 1%) Cu (up to 0.08%) values were also returned.