Exploration & Evaluation
Regional map of Jaqueira Block
After negotiating an option agreement over the Jaqueira Project in March 2008, Mundo Minerals immediately undertook an initial assessment of the project and commenced planning for the first stage of exploration.
Part of the Company’s due diligence process was to compare chip samples taken from the existing workings to historic production records. This indicated a strong correlation, suggesting that the tenements have strong exploration potential.
The size and depth of the existing underground excavations provides further evidence of the consistency of the mineralization in terms of grade and geometry when considering the rudimentary mining and processing techniques utilized by the miners historically.
Based on the historical information and the Company’s initial due diligence assessment, Mundo Minerals believes that the tenements have potential to support an Exploration Target of up to 500,000 ounces of gold…
Mundo Minerals is proposing to undertake a program of diamond drilling during the option period to assess the resource potential of the Jaqueira tenements.
Based on the historical information and the Company’s initial due diligence assessment, Mundo Minerals believes that the tenements have potential to support an Exploration Target of up to 500,000 ounces of gold at grades that would justify an underground mining development.
Detail map of Jaqueira Block
