Surrounded by Success : Why Jangada’s Brazilian Gold Projects Are Turning Heads.
“…We’ve just finished our first phase of the exploration program at Molly, which has gone very well. We’ve started to release some of those results and there’s a a large batch of additional results that will hopefully, very soon come out of the lab, which we’ll then be able to report to the market…”
Jangada Mines Plc is steadily assembling what could become one of AIM’s more compelling junior gold exploration stories with two cornerstone assets in Brazil that together already host around 400,000 ounces of gold and offer considerable exploration upside.
The company’s portfolio comprises the Paranaíta Gold Project in the prolific Alta Floresta-Juruena Gold Province, containing approximately 265,000 ounces of gold, alongside the Molly Gold Project in the Tapajós Gold Province, where an existing resource of around 130,000 ounces has already begun to expand through recent drilling.
Together these projects provide Jangada with exposure to two of Brazil’s best-known gold belts.
As chief executive Paulo Misk and NED Heinrich Müller explain recent exploration at Molly has delivered encouraging high-grade intercepts, including gold, silver and copper mineralisation, while drilling has confirmed extensions to the known deposit and identified a second mineralised zone, Molly 2.
The strike length they believe could potentially double, with the deposit also remaining open at depth. Additionally, the Boomerang target with its more than five kilometres of historic artisanal workings suggest the primary source of the gold may still be waiting to be defined.
Crucially Jangada is fully funded for its current exploration programme, allowing the board to focus on resource growth through a disciplined combination of geophysical surveys and targeted drilling. The objective is to improve geological understanding before delivering updated resource estimates.
Location is another important part of the investment proposition. Molly sits within an increasingly active mining district where several successful operators have demonstrated the commercial potential of similar deposits.
Neighbouring producer London-listed Serabi Gold operates underground high-grade gold mines within the same geological belt, providing a proven example of how narrow, high-grade vein systems can be successfully developed into profitable operations. Nearby, G Mining Ventures (TSX: GMIN) has brought the Tocantinzinho mine into production, producing around 170,000 ounces of gold annually from a large-scale open-pit operation. Meanwhile, Cabral Gold is advancing its Cuiú Cuiú project, further highlighting the growing significance of the Tapajós region.
As Misk and Müller explain to Sarah Lowther in this video interview, the attraction lies not only in Jangada’s existing gold inventory but also in its potential to materially increase resources through ongoing exploration. With multiple drill programmes underway, strong treasury backing and exposure to an established mining jurisdiction surrounded by successful producers, a clear pipeline of news flow is anticipated as it works towards defining larger gold resources and, ultimately, evaluating future development opportunities.
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The author was remunerated but does not hold shares in the company
