Location: Monte do Carmo, Tocantins State, Brazil
Status: Exploration stage
Deposit Type: Intrusion related gold
Very accessible, skilled labor, water, power, paved roads
The Monte do Carmo (MDC) Gold Project is located in the state if Tocantins, Brazil, immediately east of the town of Monte do Carmo. The Serra Alta deposit is the main focus of the exploration of the project. The Monte do Carmo property consists of 11 exploration permits totaling 45,765 ha's and 2 under application for mining lease amounting to 6,448 ha's, for a total of 52,213 ha's. The property has access to excellent local infrastructural with no artisanal mining or NGO issues and strong local support from the residents.
Gold was originally discovered in the Monte do Carmo area during the 17th century by the Portuguese. During the 1980s the area experienced an influx of artisanal gold miners (Garimpeiros) motivated by the recent rise in gold prices. Investments in mineral exploration in the area, by others, is reported to have amounted to US$4.7 million from 1985 through 1995, and over US$20.0 million from 1996 to 2018. Most of the investment was made in the Serra Alta area on many of the known gold occurrences.
Serra Alta Deposit
Cerrado’s primary target at the Monte do Carmo mine characterized by a high-grade, shallow mineralization, with an open pittable Mineral Resource.
Inferred Mineral Resource Estimate for the Serra Alta Deposit, effective December 5, 2018
The mineral Resource Estimate entitled 'A MINERAL RESOURCE ESTIMATE FOR THE SERRA ALTA DEPOSIT AT THE MONTE DO CARMO PROJECT, TOCANTINS STATE, BRAZIL', is prepared in accordance with National Instrument 43-101 - Standards for Disclosure for mineral Projects by Micon International Limited (Micon) with an effective date of December 5, 2018.
Serra Alta 0.1g/t Au cut-off Mineralized Zones
• Historical mining at Serra Alta dates back to the 17th century with artisanal production in the 80’s and more recent bulk sampling operation (2012-2017) which provided the existing on-site infrastructure.
• Abundance of historical small scale mining pits throughout the property
• 3 lookalike analogue prospects to Serra Alta being explored currently (Capitão, Ferradura and Fartura)
The Monte do Carmo Gold Project is located in the State of Tocantins, Brazil, immediately east of the town of Monte do Carmo. The Serra Alta Deposit, the main focus of exploration at the project, is located at 10° 45' 4" south latitude and 48° 4' 20." west longitude. Monte do Carmo (7,700 inhabitants) is located 39 km east of the city of Porto Nacional (55,000 inhabitants). Porto Nacional is 50 km (60 km by road) south of the state capital of Palmas (250,000 inhabitants) and 760 km north of Brazilia, the federal capital.