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Discovery Of Giant Gold And Copper Deposit Could Transform Local Economy And Put Brazil On Global Mining Radar.
Have you ever imagined a discovery so impactful that it could transform the economy of an entire city? GoldMining Inc. announced on Tuesday (09) the final results of its diamond drilling program and updates on the progress of the auger drilling program at its São Jorge Project.
This project is located in the Tapajós gold district in the state of Pará, a region already known for its rich mineral reserves.
Recent drilling revealed new gold and copper mineralizations about 1 kilometer northwest of the São Jorge gold deposit, in areas that had never been explored before.
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The auger drilling program also yielded encouraging results, identifying new zones of primary gold mineralization at the William South target, approximately 2 km north of the São Jorge deposit.
The auger drilling holes showed high-grade intercepts within the top of the weathered bedrock, directly below large high-grade surface soil anomalies.
Progress And Statements
Alastair Still, CEO of GoldMining, highlighted the importance of the results: “The exploration program at São Jorge has significantly advanced our geological knowledge in the district, allowing for a better definition of the high-grade core of the deposit.
The core drilling program identified mineralization approximately 1 km from the existing mineral resource, in an area with no previous drilling.
The team also found evidence of potential additional mineralization corridors on the property on a regional scale, confirmed through soil gold sampling and auger drilling.”
Tim Smith, Vice President of Exploration at GoldMining, also commented: “Drill hole SJD-124-24 intercepted a broad zone of strongly anomalous copper, which is a positive sign as the Tapajós district is known for its porphyry-type copper and gold mineralization.
Moreover, the gold mineralization intercepted in SJD-123-24 reinforces our theory of an extensive high-tension corridor that could host more gold mineralization along the deposit.”
Future Prospects
Since the start of drilling in May 2024, the objectives included both confirmatory drilling around the margins of the existing deposit and exploration of new gold targets 1-2 km from known mineralization.
The auger drilling is focused on the William South area, a high-priority zone located about 2 km north of the São Jorge deposit.
This target encompasses a broad zone of anomalous high gold grades in soil, measuring approximately 2 km x 2 km, with soil assays reaching peaks of 2,163 ppb Au (2.163 g/t Au).
So far, assays have been received for 101 completed holes at the William South target, with about 25% of them showing results greater than 100 ppb (0.1 g/t) Au, confirming the presence of gold mineralization in the weathered bedrock.
This discovery confirms the source of the soil gold anomaly and encourages broader application of auger drilling in other areas of the project.
Economic And Logistical Impact
São Jorge is located in the Tapajós region, known for its rich gold production, with over 20 million ounces of gold historically extracted through artisanal mining of surface deposits, according to information from the National Mining Agency of Brazil.
The district also hosts Serabi Gold Plc.’s high-grade underground mine Palito and the newly inaugurated Tocantinzinho Gold Mine by G Mining Ventures Corp., which recently began commercial production.
The strategic location of São Jorge, adjacent to the paved BR-163 highway and a new 138 kV power line corridor, facilitates operations. The project is managed from a permanent camp near the deposit and just 3 km from the highway.
A mechanical auger drilling program is underway, covering an initial 3,000-meter program for approximately 200 holes. This program mainly targets the William South area and may reveal further mineral potential in the region.
For experts, the discovery of the new gold and copper deposit in São Jorge has the potential to transform the local economy and position Brazil as a significant player in the global mineral market.
The continuity of drilling and exploration of the new mineralization may open doors to new economic and development opportunities.
Do you believe that this discovery could really revolutionize the region’s economy? Share your opinion in the comments!
Parece que a maioria das mineradoras são estrangeiras. Eu gostaria de saber, quantos por cento fica realmente para o Brasil!
Dizer que vai revolucionar a economia de uma cidade, é muito pouco!
Minha opinião é que se for para as mineradoras levarem quase tudo, é melhor então que deixe esses **** guardados no nosso subsolo para serem extraídos no futuro, quando ficarem mais escassos pelo mundo e tivermos melhor tecnologia para isso!
Os pobres garimpeiros brasileiros são proibidos de garimpar, perseguidos e presos como ****. Quando são grandes empresas, especialmente internacionais, ninguém abre a boca, reina silêncio total. O **** é federal.