The Tapajós Regional Project comprises a large, highly prospective land package that is contiguous with or in close proximity to the Company's existing road accessible projects.
Ownership
- Brazilian Gold owns a 100% interest in the regional package, subject to a 1.25% net smelter royalty (NSR) to Talon Metals Corp.
- Brazilian Gold has the right to purchase 50% of the NSR for US$1,000,000 or 100% of the NSR for US$2,000,000 within 30 days of start of commercial production.
Land
- Sixteen separate exploration concessions and/or exploration applications totaling 115,926 hectares.
History
- Unknown; garimpeiro mining of alluvials on some concessions.
Description
- Highly prospective land package in the Tapajós Mineral Province.
- Two concessions contiguous with Magellan Minerals Ltd's Cuiú-Cuiú property, which hosts a 1.3 million ounce gold resource, and within the Cuiú-Cuiú-Tocantinzinho-Palito-Sao Jorge structural gold corridor.
- Five concessions contiguous with the Company's Pista Manual and Rio Novo projects.
- Nine concessions within 50 kilometres of the Transgarimpeiro highway and which contain extensive historic alluvial (garimpeiro) workings.
2011 Exploration Program
- Compile and interpret government geology, geochemistry and geophysics over the concessions to identify and prioritize targets for follow-up site visits.
- Complete reconnaissance mapping and prospecting of selected targets.