Location

The Bom Jardim property lies within a NNW trending tectonic zone, a 350km long and 30 to 50km wide crustal scale belt of parallel and sub-parallel faulting.  This zone is informally termed the “Tocantinzinho Trend.”   It hosts numerous clusters of alluvial gold workings and several in-ground gold resources including Eldorado Gold Corp.’s Tocantinzinho deposit, and Magellan Minerals’ Cuiú Cuiú deposits.

The Bom Jardim River is following a well defined fault zone.  To the southeast it strikes slightly oblique to the main Tocantinzinho trend, but near Bom Jardim it changes direction and runs parallel to the trend.  The main placer workings occur at the intersection of a prominent NNE striking structure and the Bom Jardin fault.

History

Placer gold appears to have been mined from most of the drainages on the Bom Jardim property.  The main placer workings, with an area of over 300 hectares, occur at the intersection of a NNE striking structure and the Bom Jardim fault.

Both placer and primary (hosted in bedrock) gold ore is currently being mined on the Bom Jardim property from approximately one dozen small-scale operations spread over a wide area.  During the 1980s and early 1990s, approximately 5,000 artisanal miners worked the rich alluvial deposits in the Bom Jardim district, exploiting an estimated 500,000 to 1,000,000 ounces of gold.

Geochemistry

Previous programs on the Bom Jardim property by Magellan targeted areas with known gold mineralization.  Soil sampling during these programs identified a broad NNE trending zone roughly 7km long following a regional scale fault that can be traced for over 50km.

Exploration Program

Soil sampling at Bom Jardim is currently in progress and an airborne magnetic survey is in progress which will be followed by ground geophysics and drilling