About
Jangada is a natural resource development company listed on AIM of the London Stock Exchange (AIM:JAN), with gold assets in Brazil led by a team with deep industry, financial and in-country experience, focussed on advancing the Molly and Paranaíta Gold Projects.
The 6,656-hectare Molly Gold Project sits in Brazil's prolific Tapajós Gold Province, known for multi-million-ounce deposits and significant historical production. Drilling at the high-grade Molly 1 target has confirmed a near-surface epithermal gold system with standout intercepts including 6.5m at 10.5g/t and 1m at 200g/t, hosting a JORC (2004) Inferred Resource of ~130,000oz. Recent Phase 1 drilling extended the known strike a further ~150m west, with the system remaining open along strike and at depth.
Phase 1 also expanded the project's scale, confirming new mineralisation at Molly 2 and identifying the high-grade Vivi target, where rock-chip sampling has returned grades of up to 306.2g/t Au. Geophysics indicates the system extends at least 500m further west toward Molly 2, pointing to a much larger mineralised corridor spanning Molly 1, Molly 2, Vivi and Boomerang. With only ~15% of the project drill-tested to date, the Company is progressing an updated resource estimate alongside further drilling to support a future multi-pit development.
The 7,211-hectare Paranaíta Gold Project is a gold-rich porphyry-epithermal system with extensive historical data, artisanal mining history and structural similarities to nearby producing high-grade deposits. The Board believes the alignment of widespread mineralisation, coincident geochemical anomalies and their correlation with magnetic structures strongly indicates potential for a large-scale gold deposit. The Company is testing multiple gold-bearing structures that remain open in all directions, with the objective of rapidly scaling up the resource base and unlocking the project's broader potential.