Jangada Mines (AIM:JAN), a Brazil-focused natural resources company, said its recent drilling programme confirmed a large-scale hydrothermal gold system with both high-grade vein-hosted and broader disseminated mineralisation, improving the project's exploration potential.
The company reported that nine holes at TP2 outlined roughly 1,200 metres of mineralised structure within an 8 km corridor that contains five high-priority targets and more than 15 high-grade occurrences.
"We are delighted to have confirmation of 1.2 km of mineralised structure, from the first of our identified five high grade targets," said Jangada Chief Executive Paulo Misk.
Drill highlights included 1.32 m @ 43.61 g/t Au (DDJG25-05) and 11.20 m @ 0.83 g/t Au (DDJG25-02), with additional narrower high-grade intercepts reported across the TP2 section.
Management emphasised a strong spatial correlation between geological mapping, drilling, artisanal workings and geophysical anomalies and noted more than 20 artisanal pits on the property, many unmapped and unsampled.
The next phase comprises a c.135 line-kilometre MagDrone magnetic survey (50 m spacing) over TP1-TP3.2, a c.22.4 line-kilometre ground IP survey over TP2 (50 m spacing), and follow-up diamond drilling to refine targets and expand the resource.
The company said the programmes are funded from existing cash resources and that, following the geophysical work, it intends a more robust drilling campaign to test and upgrade the TP2 resource and extend confidence at TP1 and TP3.2.
