Location: Paracatu, State of Minas Gerais
Area: 795 acres
Extensive drilling conducted by Jupiter Gold and concluded in Q2 2018
18/23 drill holes were visually positive for gold and confirmed by geochemical studies performed at an SGS-Geosol laboratory
Mining licensing underway as of Q4 2018
Jupiter Gold’s Paracatu Project is located only 4 miles from the largest gold mine in Brazil, Morro do Ouro (“Gold Hill”), owned and operated by Kinross Gold (NYSE: KGC). Morro do Ouro is a massive open-sky mine within an ore body of 16,000,000 ounces of gold and recent annualized production of 490,000 ounces of gold, according to publicly-available information.
Location in Brazil
Map of Mineral Right
The city of Paracatu was founded in the early 17th century by pioneers searching for gold and silver. Today, Paracatu is a city with 100,000 inhabitants.
Paracatu is located in the northwest part of the state of Minas Gerais, approximately 300 miles from Belo Horizonte, the capital of the state of Minas Gerais. Paracatu is also located 125 miles from Brasilia, the capital of Brazil. It has a regional airport with flights to these cities and others. The city has all of the infrastructure and labor needed for mining research and exploration.