The Diamantina Project area borders the meridional portion of the mountain range known as “Serra do Espinhaço”. This formation has a great extension of metamorphic-sedimentary rocks, specially quartzites and meta-sandstones, reason why such area stands out for its significant production of ornamental rocks made of quartzites.
In Q3 2020, Jupiter Gold concluded an initial phase of geological studies at Diamantina including the completion of a geological survey in the permit area. The initial phase was based on geological mapping, sample gathering and previous rock deposit volume calculation using specific modelling software.
The Diamantina Project shows eastern deposits with white quartzite which is highly sought after. According to a consultant with deep technical expertise, who has visited 60-70 producing quartzite mines in his career, the potential of such white quartzite is large. The estimated sale price of a cubic meter is expected to be between US$1,300 and US$2,000, with relatively low costs for open-sky extraction, thus potentially yielding a reasonably high margin of profit.
The Company continues its exploratory research in this project and advancement to a mining operation.
Location in Brazil
Map of Mineral Right #1
Map of Mineral Right #2
About Our Company
Jupiter Gold Corporation (OTC: JUPGF) is a gold exploration company focused on project generation in Brazil.