The Pedra Branca Project is located in the state of Ceará in northeastern Brazil, across the municipalities of Pedra Branca, Tauá, Boa Viagem and Independência. The project is approximately 280 km southwest of the city of Fortaleza. Access from Fortaleza to the Pedra Branca Project is via paved highway BR-020.
The project consists of 24 Active Mineral Exploration licenses and three on Mining Concession stage.
- Initial 75% Earn-In with option with Jaguar Mining Inc. (TSX:JAG) as partner in future Joint-Venture. Provision to get 100% earn-in.
- 24 mineral exploration licenses covering 38,926 ha
- Excellent infrastructure in and around Project area including power, paved roads and mine facilities
- 9 km of drillingalready complete
- 3 discoveries and 5 prospective target areas to date
Pedra Branca Project is within in the Ceará Central Domain, which is located in the northern portion of the Borborema Province and comprises the Troia-Pedra Branca and Ceará Central Complex. The Troia-Pedra Branca Block, an important unit that is part of this domain, is represented by granite-greenstone and granite-gneissic terrains, classified in large part as Tonalite-Trondhjemite-Granodiorite (TTG) suites.
For more detailed information, please refer to filing NI 43-101 Report – SEDAR
- Five lithotypes units based on previous Exploration data available. With the NNE-SSW axis, four of them (1 to 4) are stratiform, and unit 5 occurs to the north, truncating the others:
- Unit 1 – predominantly comprised of quartz-feldspar gneisses with biotite and muscovite; hornblende-gneisses and quartz-feldspathic gneisses;
- Unit 2 – composed of fine-grained gneisses interspersed with schists, fine amphibolite sometimes with garnet, hornblendite and tremolite;
- Unit 3 -mainly composed of schists characterized by intercalations of biotitic and quartz-feldspar shales, fine amphibolitic gneiss and fine amphibolites;
- Unit 4 – supports Serra da Pipoca and is dominated by feldspar and biotic quartz;
- Unit 5 – thick gneiss assemblage. The biotite-quartz-feldspar gneiss predominates with quartz-feldspathic intrusions.
- Gold mineralization is associated with the presence of sulfides and occurs at a level of amphibole shale with magnetite.
- Sulfide: pyrrhotite > pyrite >> chalcopyrite and arsenopyrite, thin, widespread, accompanies the foliation of the rock, concentrating on the foliation planes and locally on fractures.