Jangada Mines (AIM:JAN), the AIM‑listed Brazil‑focused explorer, reported high‑grade gold, silver and copper intercepts from holes 3A, 3B and 7A at the Molly Gold Project, confirming a multi‑target polymetallic discovery and signalling material resource upside.
It said that the results reinforce a structurally controlled, laterally continuous polymetallic corridor-gold, silver, copper, zinc and lead-that remains open along strike and down dip, assays are reported as uncut drilled core lengths.
“The Molly Gold Project is rapidly evolving into one of the most compelling gold‑polymetallic discoveries in Brazil, with high‑grade intercepts across two advanced targets that both remain open along strike,” said Paulo Misk, Jangada Chief Executive.
Jangada noted, meanwhile, that full Phase‑1 results have been delayed by a lab backlog with new procedures now introduced to improve turnaround.
The explorer has a funded programme to expand drilling at Molly 1 East Pot, test the Molly 2‑Vivi corridor, commission integrated geophysical and geochemical surveys and progress resource estimation toward a preliminary economic assessment.
Drilling in detail
Hole 3A included 20.70 g/t Au, 0.58% Cu and 6.30 g/t from 124.47m over 0.50m, plus 11.50 g/t Au, 21.30 g/t and 0.47% Cu from 103.32m over 0.58m and 5.75 g/t Au, >1.0% Cu and 9.00 g/t from 131.05m over 0.50m.
Maiden hole 7A returned 3.11 g/t Au, 30.4 g/t and 0.13% Cu from 71.75m over 0.87m and the drilling extends the historically defined ~300m strike by a further c.100-150m.
