RE: Molly7 May 2026 11:40
What CEO saying!
Paulo Misk, CEO of Jangada Mines, commented: "With the drilling obligations exceeded in the first campaign, prevalence of sulphides and quartz veins in the drill core and multiple additional structures and historical workings identified, we are delighted to sign the definitive acquisition agreement to acquire 100% of the Project. The staged cash and share payments, together with work commitments, aligned with exploration success, allow us to take full control of the Project and the opportunity to maximise what we believe is a highly prospective gold licence that has the potential to deliver a significant gold resource.
"We extended the drilling campaign to 2,573m, 7 holes on each of the Molly 1 & 2 targets, all of which contained quartz vein and/or disseminated sulphides. The sulphide intersections at Molly 2 exceeded those of Molly 1 so we are particularly excited about its potential to contain a new discovery. We await the full suite of results to ascertain the true extent of the mineralised structure, which is a natural high grade narrow vein and similar to the other producers in the area.
"Understanding the wider licence is crucial and we were delighted to discover multiple additional areas, particularly where previous artisanal activity was prevalent. New vein systems at Molly and Boomerang highlight the prospectivity and we are delighted to launch the next stage of exploration and drilling. We truly believe the Project has the potential to evolve into a much larger gold system, underpinned by multiple targets and broader district-scale prospectivity."
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