Explorer Jangada starts new drilling in underexplored Brazilian district to test extensions
UK-headquartered gold explorer Jangada Mines has started Phase 2 drilling at the Molly gold project, in Brazil.
A ten-hole, 1 100 m drill programme is testing high-grade mineralisation at the Molly 1 target and evaluating the western and southern extensions of the newly discovered Molly 2 mineralised corridor.
Jangada CE Paulo Misk believes the project to have huge potential, citing recent drilling results that show the potential for increasing the existing 130 000 oz Molly 1 resource, as well as the discovery of the Molly 2 target.
“Beyond Molly 1 and 2, exploration data has reaffirmed the prospectivity across the broader licence area, while the scale of artisanal activity, including the multi-kilometre Boomerang target, makes Molly very exciting,” Misk states.
He explains this next phase of exploration has been designed to refine Jangada’s geological models, expand the known high-grade narrow vein mineralised zones and generate new drill targets through the integration of high-resolution geophysical surveys and focused diamond drilling programmes.
“The current programme is expected to significantly enhance the understanding of the structural framework controlling gold mineralisation and support future resource growth opportunities across the Molly project.”
The 6 656 ha Molly project is located in the Tapajós gold province of Pará state, northern Brazil, a globally recognised district hosting several multi-million-ounce deposits, including São Jorge, Castelo dos Sonhos, Palito and Tocantinzinho.
With estimated historical alluvial production of up to 30-million ounces, the province remains highly prospective yet underexplored for large-scale hard-rock gold systems.
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