Newsflow.7 Oct 2025 07:20
Shouldn't be long now:
Jangada's newly appointed CEO, Paulo Misk, commented: "With operatorship now in our hands and fully funded, we have hit the ground running at the Paranaíta Gold Project. We have launched a focused exploration programme targeting two of the high-grade, open-pittable zones already identified, with the immediate goal of delivering a Preliminary Economic Assessment for a c.20,000 ounce-per-year operation.
"My recent site visit has reinforced my confidence in the Project's potential. Over the coming months, investors can expect a steady stream of updates as we progress development. Having worked across many major projects in Brazil, I fully appreciate the scale of the opportunity here, both in Paranaíta and the wider Mato Grosso region. This is the first step in building a major, Brazil-focused gold producer, and I am excited to advance the project. I look forward to leveraging my experience and network to scale Jangada and create long-term value for all stakeholders."
Following the recent site visit, Jangada's technical team has reviewed a substantial body of historic exploration data, valued at approximately US$2 million, allowing refinement of a new fully funded exploration programme. The work programme includes:
· 31 trenches of 100 metres each (3,100m total), with 24 scheduled for completion by the end of September 2025.
· An 1,800-metre reverse circulation (RC) drilling campaign, focused on TP02, commencing in October 2025 and lasting ten weeks.
· Topographic and geophysical surveys, as well as chemical analysis of over 600 historic samples, with 10% subject to QAQC verification.
· Ongoing collection of grab samples, with assay results expected within the next four to five weeks.
Paranaíta sits on an 8 km east-west mineralised corridor hosting at least 15 high-grade gold occurrences. Current resources total approximately 210,000 oz Au at 3.165 g/t, with TP02 and TP3.2 among six priority zones for near-term open-pit development. TP02 contains 199,090 tonnes at 16.65 g/t Au for 106,600 oz Au, while TP3.2 contains 794,650 tonnes at 1.35 g/t Au for 34,588 oz Au, providing a strong platform for growth.