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Castelo de Sonhos Gold Project

The Castelo de Sonhos project is situated in the southwestern Pará state, Brazil, approximately 20km from the town of Castelo de Sonhos in a straight line. It is a Paleoplacer gold deposit with 19 km of conglomerate outcrop. Large upside potential remains with only around 60% of the prospective area drilled thus far.

The project currently has a resource of:

Indicated: 17.7 million tonnes at 1.2 g/t, containing 0.7 million ounces (“Moz”) of gold.
Inferred: 39.8 million tonnes at 1.0 g/t, containing 1.3 Moz of gold.

The resource has grown by over 600% in the past two years and upside potential remains. Exploration is ongoing and new mineralised areas identified in early 2018 are yet to be drill tested. This latest resource update will be used in feasibility studies to follow. Drilling significant intervals can be viewed here.

  • 26,750 Ha property, 100% owned
  • Mining friendly jurisdiction
  • Deposit open along strike and down-dip
  • Mineralization at surface → simple open pit
  • Good metallurgical properties → high gold recovery
  • Substantial amounts of the target prospective area still untested
  • Connected to grid power, close to highway


The plateau hosts six identified mineralized conglomerate targets:

  • In Esperança East, the largest of the under-explored, high-priority targets, 2018 drilling has shown reefs with higher grades and thicknesses than previously believed and has also shown that mineralization extends further to the south.
  • Esperança South continues to provide positive assay results, indicating that the well-mineralized reefs may thicken to the north
  • the New Discovery Zone on the west and the Upper Conglomerate Zone, have only recently been discovered and have not yet been drilled.
Resource 2018 CasteloDeSonhos

Location

  • Pará state Brazil, an established mining jurisdiction.
  • Far from environmentally sensitive areas and indigenous communities
  • 20km in a straight line from the town of Castelo de Sonhos
  • Paved national highway 163 through the town

Power

The property was connected to the national grid power from the town of Castelo de Sonhos in early 2018.

As at September 17, 2018

 Region Classification

Tonnage
(Mt)

Grade
(g/t Au)

Metal Content
(Moz Au)

Esperança South Indicated 11.8 1.4 0.5
Inferred 21.7 1.2 0.8
Esperança East Indicated - - -
Inferred 11.8 0.9 0.4
Esperança Center Indicated 5.9 0.9 0.2
Inferred 6.3 0.7 0.1
Project Total Indicated 17.7 1.2 0.7
Inferred 39.8 1.0 1.3


Details are reported in press release dated Sept 17, 2018 titled ‘35% INCREASE IN RESOURCES AT CASTELO DE SONHOS AS PRELIMINARY ECONOMIC ASSESSMENT BEGINS’ 

 

GEOLOGY

Learn more about the geology of the Castelo de Sonhos plateau

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WHERE WE OPERATE

Learn more about mining in Brazil and Pará state

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HISTORICAL FACTS

Learn more about the Castelo de Sonhos gold rush

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