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Aura Minerals Inc.
Summary
| Project: | EPP | |
|---|---|---|
| Deposit: | Bananal | |
| Location: | Brazil | |
| Commodities: | Gold | |
| Date: | 2/12/2020 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 12-2-2020: Aura Minerals Inc. announces an Exploration/Drilling Update report for its Bananal deposit at the EPP project. Drilling results incl. 11.00m @ 10.39g/t Au from 221.00m. The EPP Complex is located approximately 450 kilometers west of Cuiabá, the | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Farshid Ghazanfari (Internal) | |
| ABSTRACT: | The EPP Complex is located approximately 450 kilometers west of Cuiabá, the state capital of Mato Grosso and 12 kilometers from the town of Pontes e Lacerda. It consists of a processing plant with several satellite open pit deposits (Lavrinha, Japones, Nosde and Ernesto) and the underground Pau-a-Pique mine. The complex produced 58k Oz in 2018 In 2019 Aura invested US$ 2.95 million between regional and near mine exploration. Bananal is an exploration target located along the western border of the Guapore Gold Belt, approximately 22 kilometers from the Ernesto Plant. The target is comprised of an approximately 10-kilometer trend with significant chip sample results (that showed values from 0.1g/t to 31.8 g/t Au) and widespread hydrothermal alteration characterized mostly by quartz veining with pyrite pervasive sericitic alteration hosted in metassediments of the Mesoproterozoic Aguapei Group, mostly metasandstones and metaconglomerates. Small artisanal mining activities occurred, mostly in alluvium deposits but with some occurring in primary mineralization. A total of 24 exploration diamond drill holes, totaling 5,170 meters were undertaken in two main zones (Bananal South and North) where most of the high-grade surface rock sample results were concentrated (Figure 1). | |
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