Eliseo- Highly Prospective Gold Target, Goiás, Brazil

Eliseo is a large-scale gold rich conglomerate style mineralization located within the Faina Greenstone Belt, Goiás, Brazil

Bulk sampling program underway to expand 1.5km Au mineralized strike length

  • Large at surface gold mineralized system

  • Multi-million oz Au target

  • 3+ km strike length

  • Open pit potential

Highlights

  • Gold mineralization from surface - open pit potential

  • Potential for multi-million ounce Au resource

  • Over 3km of strike defined and open along strike

  • Bulk sampling program has tested 1.5km strike length with positive results

  • Rock chip samples up to 22g/t Au

  • Gold mineralization with good recovery using only gravimetric methods

  • Positive rock chips coincide with geophysical anomalies interpreted as ‘ore shoots’

  • Possibility of a Paleoplacer + Orogenic mineralization model

  • Two scout holes returned visible gold, drilled prior to geophysics survey

Plans for 2023

  • Current trenching and bulk sampling program aims to delineate the 3+ km strike length of Eliseo

  • Report to be filed (ask Paulo)

Geology

  • Target located in the northern portion of the Faina Greenstone Belt (FGB)

  • Embedded in the base of the second sedimentary cycle of the FGB pile. This cycle is not preserved in the other FGBs of the block

  • The cycle is formed by an association between conglomerates of glacial origin, BIF, marbles, and chlorite shales

  • The deformation is strong and marked by jostling and associated tight bending, with low axis drop to N. Some progressive transcurrent (high angle) shear corridors are developed

  • Gold mineralization hosted mainly in conglomerates and iron formations

  • Paleoplacer Mineralizations have strong structural control and are oriented along regional fold axes