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An update from Jangada Mines PLC ( (GB:JAN) ) is now available.
Jangada Mines PLC has announced a positive update on its exploration program at the Paranaíta Gold Project in Brazil. The company aims to expand its gold resource from 210,000 to approximately 350,000 ounces under JORC standards and fast-track a Preliminary Economic Assessment for a high-grade, open-pit mine. Significant progress includes the excavation of 21 out of 31 planned trenches, identification of a 700m vein with visible gold mineralization, and the signing of a drilling contract for 1,800m of diamond drilling. The project is expected to enhance Jangada’s position in the gold mining industry and create long-term value for stakeholders.
More about Jangada Mines PLC
Jangada Mines PLC is a natural resource development company focused on Brazil, operating in the mining sector. The company is primarily involved in gold exploration and development, with a significant focus on the Paranaíta Gold Project located in the Alta Floresta-Juruena Gold Province.
Average Trading Volume: 9,438,193
Technical Sentiment Signal: Hold
Current Market Cap: £6.4M
See more insights into JAN stock on TipRanks’ Stock Analysis page.