Projects - Brazil
Grande Canaã Project
|
Licence |
Type |
Grant Date |
Holder |
Interest Earning or Held |
Royalty |
Future |
|
850076 |
EL |
26/04/2011 |
CMGM |
100% |
N/A |
N/A |
| 850077 | EL | 26/04/2011 |
CMGM |
100% |
N/A |
N/A |
| 850078 | EL | 26/04/2011 |
CMGM |
100% |
N/A |
N/A |
| 850079 | EL | 26/04/2011 |
CMGM |
100% |
N/A |
N/A |
The Project area covers 18,592Ha.
The Grande Canaã Project, located approximately 45km by road from Novo Progresso, surrounds a currently active garimpo where gold is being recovered by five individual sluices washing gravels and bedrock ores. While partly alluvial, the ore is predominantly mined from in-situ stockwork veining and highly altered and weathered granites. Channel sampling of stockwork quartz veining and oxidised stringers produced a result of 10m @ 1.27 g/t Au. Another composite sample of vein reject material collected over a 40m x 40m area, returned an assay of 5.31g/t Au.
Grande Canaã channel sample 10m @ 1.27g/t. Note: brick red altered
and oxidised granite host