Gold Mine in the Heart of the Sertão: Canadian South Atlantic Gold Invests R$ 13 Million in Ceará, and the State Could Have Its First Commercial Exploration of the Mineral in History

Canadian Company South Atlantic Gold Is Investing R$ 13 Million in Mineral Research to Verify Economic Viability for Gold Exploration in Ceará, and One Thousand Jobs May Be Created in the State

Ceará could have the first commercial gold exploration in history, and one thousand jobs may be created in the State! The Canadian company South Atlantic Gold is investing R$ 13 million in mineral research to verify if there is economic viability to explore gold in some locations in Pedra Branca and Tauá, in the Central Sertão region of Ceará.

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A group of 15 geologists and technicians is in the field, conducting studies in an area of 40,000 hectares, equivalent to 56,000 soccer fields. The initial studies are expected to be completed by mid-2022, and depending on the results, the project could mark a historic beginning for Ceará, where gold has never been commercially explored.

“We have the chance to become a major gold producer, depending on the studies to be conducted in the coming years,” says Eduardo Leão, Director of Institutional Relations at South Atlantic Gold, in an interview with Diário do Nordeste.

Gold in the Sertão of Ceará May Generate Up to One Thousand Jobs in the Region

According to Eduardo Leão, the project is underway and the company will advance to verify the feasibility of the mine and take advantage of the current moment when the gold ore is experiencing a spike in value, not only in the financial market but also in the commercial market, being used in batteries, as well as for other more noble purposes, such as electrical conductors, with 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 explored but also processed in the region through “big bag” concentrates.

It is still possible, considering an ideal scenario, that 300 to over 1,000 direct and indirect jobs could be created.