RE: Drilling commenced, visible gold27 Oct 2025 09:45
Today 07:00
RNS Number : 9120E
Jangada Mines PLC
27 October 2025
Jangada Mines plc / EPIC: JAN.L / Market: AIM / Sector: Mining
27 October 2025
Jangada Mines plc ('Jangada' or 'the Company')
Diamond Drilling Commenced at Paranaíta Gold Project
Visually mineralised targets being drilled to build on existing resource
Highlights:
· 3,100m of trenching completed - further highly visually mineralised veins identified
· 15-hole, 1,800m diamond drilling programme commenced
· Drilling to focus on high grade mineral sequences identified from trenching, topographic studies and extensive historic data
· Drilling campaign aiming to increase resource to 350,000 oz gold under JORC
· Significant potential for further resource growth with multiple additional targets already identified
Jangada Mines Plc (AIM: JAN), a Brazil focused natural resource development company, is pleased to announce that its 15-hole 1,800m diamond drilling ("DD") programme has commenced at the 7,211-hectare Paranaíta Gold Project ("Paranaíta" or the "Project") located in Brazil's historically significant Alta Floresta-Juruena Gold Province.
Following the completion of 3,100m of trenching, which yielded further highly visually mineralised veins, the analysis of existing data, and two topographic studies, a 10-week drill programme at Paranaíta has been designed primarily targeting the high-grade TP2 and TP3.2 (within TP3) targets. The first 8 drill holes of c.120m each will target the identified mineral sequence from trenches TR-02 to TR-08, where the mineralised vein was well identified over more than 700m and contained visible gold.
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Figure 1: Drill holes on TP2
The remaining holes will target TP3.2 where the trenches TR-19 to TR-31 were executed with excellent results yielding well identified mafic dikes and disseminated granites. TR-18 identified a 2m thick vein (See Figure 2). The location of these is now being finalised and will depend on the chemical analysis results due in Q4.
Figure 2: 2m thick vein at TR18
The drill programme is focused on expanding the current resource from 210,000 oz Au @3.165 g/t to ~350,000 oz Au under the JORC code. The TP2 and TP3.2 zones have a resource of c.106,600 oz @ 16.65 g/t Au and c.34,600 oz @ 1.35 g/t Au respectively and are two of the six identified high priority targets along the 8km mineralised corridor. This corridor has 15+ high-grade gold occurrences and historical sampling up to 135 g/t Au.
Very credible CEO.....
Ceo has done this types of work before and was successful
Jangada CEO, Paulo Misk, said: "With trenching now complete and having confirmed further visually mineralised vein systems, we are pleased to announce the launch of our inaugural drill programme at the high-grade Paranaíta Gold Project.
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