Canadian company South Atlantic Gold is investing BRL 13 million in mineral research to verify the economic viability of exploring for gold in Ceará, and a thousand job openings could be generated in the State
Ceará may have the first commercial exploitation of gold in history and a thousand job openings may be generated in the State! The Canadian company South Atlantic Gold is investing BRL 13 million in mineral research to check whether it is economically viable to explore for gold in some locations in Pedra Branca and Tauá, in the Central Sertão of Ceará.
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A group of 15 geologists and technicians are in the field, carrying out studies in an area of 40.000 hectares, the equivalent of 56 soccer fields. Initial studies should be completed by mid-2022 and, depending on the results, the project could be the beginning of a historic milestone for Ceará, where gold has never been commercially exploited.
“We have the chance of becoming a major gold producer, depending on the studies to be carried out in the coming years”, ponders Eduardo Leão, director of Institutional Relations at south atlantic Gold, in an interview with Diário do Nordeste.
Gold in the hinterland of Ceará can generate up to a thousand jobs in the region
According to Eduardo Leão, the project is underway and the company will advance to prove the viability of the mine and take advantage of the moment when gold ore is experiencing a high valuation, not only in the financial market but also in the commercial market, and can be used in batteries, as well as for other more noble purposes, such as electrical conductor and high durability and malleability value.
In the most optimistic scenario, if the geological, logistical and economic data indicate good potential, the ore would not only be exploited but also processed in the region itself through “big bag” concentrates.
It is possible, still taking into account an ideal framework, that 300 to even more than 1.000 direct and indirect jobs are generated.
