100% owned 19,000 hectares gold
exploration projects based in Brazil:
- Alta Floresta Mineral Province
State of Mato Grosso
- Historic União mine (SE of Matupa)
Historic drilling: 23,374m of diamond drilling and 9,045m of RC drilling
- Flor da Serra (NW of Matupa)
Historic drilling: 7,926m of diamond drilling and 791m of RC drilling
Location:
The town of Matupá has a population of approximately 20,000 people and is well serviced by roads and a municipal airport. The Flor da Serra property is located about 25km northwest of Matupá whilst the Uniao property is located approximately 50 km southeast of Matupá.
The company’s priority is to define a significant gold resource below the former União mine and Peru deposit. Historically, both locations produced gold from shallow open pits to a depth of approximately 30 meters.
The town of Matupá has a population of approximately 20,000 people and is well serviced by roads and a municipal airport. The Flor da Serra property is located about 25km northwest of Matupá whilst the Uniao property is located approximately 50 km southeast of Matupá.
The company’s priority is to define a significant gold resource below the former União mine and Peru deposit. Historically, both locations produced gold from shallow open pits to a depth of approximately 30 meters.
Drilling Overview:
União and Flor da Serra
Drilling at União tested the vertical extension of gold mineralization to depths of at least 300 meters below and around the historical open pits, while at Flor da Serra, it focused on confirming near-surface high-grade mineralization and identifying additional high-grade gold zones.
- Total meters drilled since the beginning of the program: 20,474 meters
- 9,926 meters in Flor da Serra and 10,548 meters in União Mine
Peru Gold deposit and other areas of interest
The Peru deposit is located 4 km west of União Mine. This region was tested for multiple high-grade gold-bearing structures.
Regional exploration targets near Peru and União deposits were also drill-tested.
- Total meters drilled at the Peru deposit since the beginning of the program: 7,719 meters
- Total meters drilled at regional exploration targets since the beginning of the program: 6,451 meters
Operations Update:
Alongside drilling, the exploration team mapped the property, opened trenches and collected soil samples to identify potential drill targets, and completed a ground geophysical survey to define mineralized structures.
A drone-supported magnetic, topographic and photographic survey completed in 2024 added further targets, tested in 2025 and early 2026.
We are now completing the work necessary to update our mineral resource estimate.
Sustainability &
Community Relations
The company has built a strong foundation for sustainability, grounded in consistent communication and local partnerships. A structured stakeholder engagement program is in place – numerous community meetings have been held to share information about the exploration program, address local concerns, and build trust. Ongoing dialogue with government entities has helped ensure clarity and alignment with regulatory expectations.
The team has also contributed to environmental education and conservation initiatives through joint efforts with municipal authorities and community partners. A key relationship that has been strengthened is with small-scale mining associations, through a partnership that allows members to apply to legally operate in areas outside the company’s exploration focus, contributing to local development.
