Significant exploration upside in Brazil on Cuiu Cuiu project located adjacent to Eldorado Gold
The Company's key asset is the Cuiu Cuiu project which is located approximately 20km NW of Eldorado Gold's Tocantinzinho project which has Measured and Indicated resources of 48.7Mt @ 1.35g/t gold (for 2.1Moz) and Inferred resources of 2.4Mt @ 0.9g/t gold (for 0.07Moz).
A gold-in-soil anomaly approximately 18km in length has been identified at Cuiu Cuiu which has a historic resource of 3.4Mt @ 1.0g/t gold (for 0.1Moz) in the Indicated category and 31Mt @ 1.2g/t gold (for 1.2Moz) in the Inferred category. This resource was based on an initial 25,945m of drilling. A further 22,070m of drilling was completed following the resource estimate. Numerous areas require follow up and drill intercepts of good grade including 41m @1.3g/t, 27m @ 6.9g/t, 47m @ 1.8g/t and 39m @ 5.1g/t gold have been identified in at least six other areas within the project area beyond the existing resource.