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An announcement from Jangada Mines PLC ( (GB:JAN) ) is now available.
Jangada Mines PLC has commenced a fully funded exploration program at its Paranaíta Gold Project in Brazil, aiming to expand its gold resource from 210,000 ounces to approximately 350,000 ounces under JORC standards. The company plans to deliver a Preliminary Economic Assessment within six months for a high-grade, open-pit operation producing around 20,000 ounces of gold annually. The exploration program includes trenching, drilling, and surveys, with results expected soon, and is based on substantial historical data highlighting the project’s strong prospectivity.
More about Jangada Mines PLC
Jangada Mines PLC is a natural resource development company focused on Brazil, operating primarily in the mining sector. The company is involved in the exploration and development of gold projects, with a significant focus on the Paranaíta Gold Project located in Brazil’s Alta Floresta-Juruena Gold Province.
Average Trading Volume: 3,278,696
Technical Sentiment Signal: Sell
Current Market Cap: £3.84M
For a thorough assessment of JAN stock, go to TipRanks’ Stock Analysis page.