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The Boa Vista Project is located in southern Pará near the border with Mato Grosso and consists of two exploration concessions covering an area of approximately 12,536 hectares. The Project is situated approximately 280 kilometres southeast of the Company’s Maues Project in Amazonas. It occurs near the southern border of the Tapajós Mineral Province ("TMP"), which encompasses the Tapajós River and its drainages.

The Project covers a number of historic alluvial deposits (garimpos) that have been partially explored by the previous operator. Exploration work to date includes mapping, soil and rock geochemistry and a geophysical survey (induced polarization) over selected garimpos, including Jair and Almir. The Jair target coincides with a northwest trending drainage along which alluvial gold has been mined over a distance of 4 kilometers. Bed rock exposed in pits along this structure consists of quartz+sulphide veins and stockworks hosted in sericite+pyrite altered granite. Grab samples of the vein material grade several grams per ton gold. A soil survey over Jair has identified a gold in soil anomaly that is 1.6 kilometers long by 400 meters wide and it is open along strike to the north and south. The Almir target consists of a gold in soil anomaly that is 1 kilometer long by up to 400 meters wide that is coincident with a number of garimpo pits with alluvial workings and quartz vein exposures. Gold mineralization is similar to that exposed at Jair. Other high priority targets with known gold mineralization also exist within the concession boundaries.

The Company intends to undertake a systematic exploration program over the entire Project, which will include detailed geological mapping, and geochemical and geophysical surveys. A drill program will initially focus on the Jair and Almir targets and later extended to other targets as results are received, interpreted and prioritized.