“The project is on the Carajas greenstone belt and historically, at one stage, it had 30,000 garimpeiros [i.e. artisanal miners] on it. We’ve basically been operating the company for about a year, prior to that Verena Minerals was drilling it. They drilled 30,000 metres along with Battle Mountain Exploration and TVX Gold.
“These are some of the best holes drilled to date at the project. Width and grade were very strong and we continue to progress with our goals of expanding and improving the resource. Basically, we’ve got six drills going at the moment and we hope to add to that shortly. We’re initiating a bankable feasibility study in a couple of months, and just basically progressing towards production.
“Volta Grande is already 50% larger than the next undeveloped gold deposit in Brazil. It’s showing to be a very robust project.”
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