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Operations | Pedra Branca Project | Maps & Photos |
Overview
Operations
• Turmalina
• Paciência
• Caeté
Development
• Gurupi Project
Exploration
• Iron Quadrangle
• Pedra Branca Project
Reserves & Resources
| In March 2007, Jaguar entered into a joint venture agreement with Xstrata to explore the Pedra Branca Project in the State of Ceará in northeastern Brazil. The Pedra Branca Project has mineral rights to concessions totaling approximately 182,000 acres in a 65-kilometer shear zone. The concessions are located in and around municipal areas with good infrastructure. Xstrata carried out a preliminary exploration program that covered only 25 km of the shear zone. The program identified 10 km of soil anomalies, including two large anomalies referred to as Coelho and Mirador. The relatively shallow work to-date on the Coelho and Mirador targets has provided some promising results with respect to gold mineralization averaging between 2.3-2.5 g/t observed in trenches taken by Xstrata. For the most part, the mineralized formations uncovered by Xstrata's preliminary efforts are open along the extremity and lead both companies' geologists to believe the area has significant potential for gold mineralization, which could include the presence of both oxide and sulfide formations in large structures. Jaguar is currently conducting a comprehensive exploration program at the Pedra Branca Project. Jaguar's work to date, which included soil geochemistry, trenching and channel and rock sampling, has confirmed the trend and the main anomalies reported by Xstrata. |
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