Overview
The 7,211-hectare Paranaíta Gold Project is located in the Alta Floresta - Juruena Gold Province (AFGP), a prolific gold-producing region with excellent infrastructure, and a history of 7–10 million ounces of gold output and over three decades of artisanal mining. Interpreted as a gold-rich porphyry-epithermal system, the Project resembles other intrusion-hosted deposits like X1 and Pé Quente and is set within a structurally complex zone marked by multiple mineralised trends and extensive surface workings.
Around 15 primary gold occurrences have been identified along an 8km east-west mineralised trend, following multiple structural directions, some extending up to 2km. Just 5km to the west lies the Zé Vermelho Gold Deposit, which shares similar geological features and appears to be structurally aligned with Paranaíta, hinting at a broader, regionally controlled gold system.
To date, approximately US$2 million has been invested in exploration, including 1,756m of diamond drilling across six targets, 432m of auger drilling, and over 1,270m of trenching. Supporting work includes airborne geophysics, 3D inversion, soil geochemistry on varied grid densities, geological mapping, rock sampling, and IP surveys covering about 80km. These efforts have confirmed the project's high prospectivity.
Gold mineralisation has been confirmed across multiple structures, with trenching and drilling revealing high-grade quartz-sulphide veins (e.g. 1m @ 10 g/t Au, 2.1m @ 19.3 g/t Au), disseminated pyrite zones with 1–6m widths grading 0.5–2.6 g/t Au, and low-grade, potassic-altered granites showing up to 6m intervals at grades reaching 5.0 g/t Au.
The alignment of widespread gold mineralization, including multiple additional targets, with geochemical anomalies in rock and soil, and their correlation with magnetic structures, strongly indicates the potential presence of a large-scale gold deposit on the property.