Project Overview
Jaqueira Gold Project, Brazil
The Jaqueira Gold Project comprises a portfolio of tenements located 330 kilometres north east of Salvador, the capital of Bahia State in north-eastern Brazil. Mundo Minerals has negotiated an option to acquire three mineral rights, including a farm, comprising the Jaqueira block and five mineral rights known as the Pindobaçu block. Previous mining activities have been conducted on both tenement blocks.
The Jaqueira Project lies in the Jacobina Gold Belt, where mining activities were first initiated by the Bandeirantes in the late 17th century and Garimpeiros have been actively mining since the 1930s. Canadian gold producer Yamana Gold Inc. currently controls most of the mineral rights in the belt after acquiring them from Desert Sun in 2003. Yamana’s portfolio includes the Jacobina mine, which produces approximately 100,000oz per year.
The Jacobina Gold Belt extends for approximately 155 kilometres with the regional stratigraphy comprising quartzites, met conglomerates and schists of the Paleoproterozoic Jacobina Group which form a series of north-south elongated mountain ranges. The gold deposits of the belt are predominantly conglomerate-hosted, encompassing the pyritic, gold-bearing, quartz-pebble conglomerates and quartzites of the Serra do Corrego Formation.
Infrastructure in the region is excellent, including ready availability of power and water, and access to the project site is also very good via the BR-324 highway. The region has an active mining industry supporting engineering and associated skills and a skilled local workforce.
