The Castelo de Sonhos gold project is situated in the southwestern Pará state, Brazil, approximately 20km from the town of Castelo de Sonhos. 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.
- 26,750 Ha property, 100% owned → no external ownership
- Deposit open along strike and down-dip → growth potential
- Substantial amounts of the target prospective area still untested → growth potential
- Gold resource has grown by factor of 7 in last three years → efficient exploration
- Robust Preliminary Economic Assessment → strong financial metrics
- Mineralization at surface → simple open pit
- Good metallurgical properties → high gold recovery
- Connected to grid power, close to highway → good infrastructure
The plateau hosts several 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.