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Operations | Pedra Branca Project | Maps & Photos |
Overview
Operations
• Turmalina
• Paciência
• Caeté Project
• Sabará
Exploration
• Iron Quadrangle
• Pedra Branca Project
Reserves & Resources
| Jaguar and Xstrata entered into a joint venture agreement for Jaguar to explore Xstrata's Pedra Branca Gold Project in the state of Ceará, northeast of Brazil. The joint venture has mineral rights to 37 concessions totaling approximately 159,000 acres in a 65-km shear zone. The concessions are located in and around municipal areas with good infrastructure. The weather in the area is relatively dry, which allows for year-round operations. 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 that began in the third quarter of 2007. 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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