November 1, 2023
Resouro is a Canadian-based mineral exploration and development company focused on the discovery and advancement of economic mineral projects in Brazil, including the Novo Mundo Gold Project in Mato Grosso and the Tiros Titanium-REE Project in Minas Gerais.
Our Novo Mundo project covers over 167km2 of the highly prospective Alta Floresta Gold Belt. The province has numerous small scale mining operations and at least 3 large mines are under development.
Novo Mundo released high-grade drill results from its 2022 fall exploration program – Hole 10 returned an impressive 16.21 m @ 2.97 g/t gold (Au) at a depth of 55.9 m. The hole was drilled between the previously announced high-grade Hole 2 and the historical FNV 009, confirming the presence of multiple ore shoots along the structure.
Our Tiros Titanium and Rare Earth project is located within the Capacete Formation in Minas Gerais, the mining powerhouse of Brazil. The Tiros licenses cover the thickest portions of the prospective formation representing the areas with the greatest exploration potential. Approximately 24% of the content of Rare Earth Elements within the Tiros Trend is made by Neodymium, Praseodymium, and Dysprosium.
Our Novo Mundo project covers over 167km2 of the highly prospective Alta Floresta Gold Belt. The province has numerous small scale mining operations and at least 3 large mines are under development.
The Buracão property sits on the border between Tocantins and Goias in central Brazil. Artisanal mining has occurred since the 18th Century but the property hasn’t been evaluated from a modern or systematic approach yet.
Our portfolio was carefully selected to include projects where we see an early route to cashflow and large scale exploration potential.
The information gained from trial mining will be used in our development studies for larger operations. This empirical approach offers the potential to significantly reduce technical risk by providing greater dimensionality to the data.
Both projects are in prolific mining districts prospective for new discoveries. Trial mining and growth development will enhance our understanding of the known mineral systems, enhancing the chance of exploration success across under-explored regions of our licences.
