Jangada Mines PLC (LSE:JAN) has kicked off a fully funded exploration campaign at its Paranaíta Gold Project in Brazil. The program is designed to grow the project’s current resource estimate of 210,000 ounces to roughly 350,000 ounces, compliant with JORC standards. Within the next six months, the company expects to deliver a Preliminary Economic Assessment outlining plans for a high-grade, open-pit operation targeting annual production of around 20,000 ounces of gold.
The campaign will include trenching, drilling, and geophysical surveys, with early results anticipated in the near term. Jangada is building on a strong foundation of historical data that underscores the project’s significant exploration potential.
About Jangada Mines PLC
Jangada Mines is a resource development company with a focus on Brazil’s mining sector. Its principal asset is the Paranaíta Gold Project, situated in the Alta Floresta-Juruena Gold Province, where the group is advancing exploration and development activities.
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