Junior exploration, development roundup: Para, Calibre, Centaurus
Vancouver-based Para Resources released exploration results from its Tucumã gold-copper project in Pará, Brazil.
Highlights of trenching and channel sampling at the property's Angelim target included 11.55m of 20.25g/t gold, the company said in a statement.
Para plans to conduct a follow-up shallow drilling program and will also apply for a trial mining and environmental license. The company said it expects to receive a definitive mine permit after presenting a final exploration report to the government in June.
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Vancouver's Calibre Mining reported exploration results at its Siuna gold-silver property in Nicaragua.
Highlights of chip sampling at the property's Cerro Potosí deposit included 10.2m of 2.05g/t gold and 178g/t silver, the company said. Calibre added that it also carried out soil sampling at the Roskilete and San Miguel deposits, reconnaissance rock sampling at the Cerro Aza deposit and an induced polarization geophysical survey at the Montes de Oro deposit, where drilling will begin in April.
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Australian miner Centaurus Metals published testing results at its Conquista iron ore project in Brazil, formerly known as Candonga West.
Classification testwork at the project shows 60% of high-grade itarabite mineralization grades 64-69% iron ore with low impurities, according to a statement. A ground magnetic survey showed that mineralization at the deposit, which is 8km from Centaurus' 300,000t/y Candonga DSO project, may be extended, the company said. A trenching program is underway and 750m in initial diamond drilling is planned at mid-year, it said.
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