Canada Firm Believes It Found Golden Opportunity in Brazil

Canada-based Matador Exploration Inc. has started exploration as part of its option to earn an 80% interest at the Bom Jardim Project in Pará State, Brazil. The Bom Jardim Project is similar to the Tapajós area, Brazil’s most prolific gold producing region.

Over 6 million ounces of gold have been produced in Tapajós from alluvial workings and, more recently, multi-million ounce bulk-minable epithermal deposits have been identified.

Previous reconnaissance exploration at Bom Jardim has confirmed the geological similarities to the Tapajós area and has identified anomalous gold concentrations in stream sediments associated with outcroppings of felsic volcanic rock displaying epithermal-style alterations coincident with the target structures.

Matador has retained the services of Geoimagem S/C Ltda. of São Paulo, Brazil and Dr. Caetano Juliani, who is a Professor at the Institute of Geociências of the University of São Paulo and an expert on the Tapajos-Iriri area geology, to provide technical and logistical support for the program.

The work will comprise regionally comprehensive stream sediment, soil and rock geochemistry and a reconnaissance level geologic evaluation of the 25,437 hectare property.

Mr. Dean Besserer, P. Geol., of Apex Geoscience Ltd., Edmonton, Alberta, has also been retained to participate in the exploration program and to provide an independent valuation report as part of Matador’s due diligence.

Mobilization of support staff into the Bom Jardim area has commenced and Phase I of a technical program led by Mr. Peter Kleespies, Vice President of Exploration for the company, is scheduled from April 12 through April 24, 2005. A more comprehensive Phase II program is anticipated to commence during June 2005.

The company is continuing its search for other opportunities in Brazil and Western Australia, including the evaluation of the option to earn a 50% interest in the Coolgardie Gold Camp with Austminex Ltd., of Western Australia.

Matador Exploration Inc.
Business Wire


  • Show Comments (0)

Your email address will not be published. Required fields are marked *

comment *

  • name *

  • email *

  • website *

This site uses Akismet to reduce spam. Learn how your comment data is processed.


You May Also Like

Italians arrive in Caxias do Sul, Brazil, in 1881

If in Brazil Everyone Seems to Be Italian That’s Because They Are

As you probably know, the Italian word ciao is not only used for "hello" ...

Brazil and Bolivia Get Back to Negotiation Table on Gas Issue

Bolivia says it is moving forward with plans to nationalize oil and natural gas ...

“We Are Not Dying,” Answer Indigenous Peoples to Sensationalized Photo Expo

An Amazon Indian protested outside the exhibition of controversial photographer Jimmy Nelson’s work “Before ...

Brazil Publishes List of 222 Products for Retaliation Against the US

The Brazilian government is getting ready to retaliate against the United States for the ...

Forced Contact with Brazilian Tribes Is Genocide, Says Indian Leader

South American tribes have denounced the call from American academics Kim Hill and Robert ...

Brazil’s Trade Surplus Grows to US$ 30 Billion

Brazil sold US$ 1.871 billion in products to the exterior last week and bought ...

Brazil Tries to Sell New Trade Image, Beyond Raw Material

There is a need for Brazil to promote its goods overseas. Although trade has ...

Subsidies Are Bound to Hurt US and EU, Says Brazil’s Diplomat

According to Brazilian retired diplomat Rubens Ricúpero, the former secretary general of the UN ...

The Filhos de Sepé community in the south of Brazil raises rice and fish

Brazilian Landless Escape Big Farmers to Fall Prey of Multinationals

"Breaking down the fences of the large estates was not as difficult as fighting ...

Brazilian Indian Leader Murdered Following Death Threats by Landowners

Brazil’s Guarani Indian leader and film-star Ambrósio Vilhalva was murdered on Sunday night, after ...