Jangada Mines Hits High-Grade Gold in Brazil as Paranaíta and Molly Projects Advance

Jangada Mines PLC ( (GB:JAN) ) has provided an update.

Jangada Mines has reported encouraging Stage 1 diamond drilling results from the Paranaíta Gold Project in Brazil, where a 1,100m, 10-hole programme at the TP2 target intersected gold mineralisation in every hole, including a standout intercept of 1.32m at 43.61 g/t Au, confirming the continuity and open nature of the mineralised system. The company plans further drilling, resource modelling and additional geophysical and geochemical work to upgrade and expand the current 210,000 oz inferred resource to JORC standards, while also progressing drilling at its Molly Project, which already hosts a 130,000 oz JORC resource and has returned strong sulphide-bearing intercepts that support its potential for significant resource growth.

Management believes the shallow, vein-swarm hosted mineralisation at Paranaíta is suitable for a low-cost open-pit operation, targeting future production of around 20,000 oz of gold per year. The latest drilling and trenching data are expected to underpin a revised geological model, guide a second-phase drill campaign over multiple high-priority targets along an 8km corridor, and potentially enhance the company’s position in Brazil’s gold sector by demonstrating scalable, open-pittable resources at both Paranaíta and Molly.

The most recent analyst rating on (GB:JAN) stock is a Hold with a £1.50 price target. To see the full list of analyst forecasts on Jangada Mines PLC stock, see the GB:JAN Stock Forecast page.

Spark’s Take on GB:JAN Stock

According to Spark, TipRanks’ AI Analyst, GB:JAN is a Neutral.

The score is held back primarily by weak financial performance (pre-revenue profile, recurring losses, and ongoing cash burn despite zero debt). Technicals are comparatively stronger with price above key moving averages and moderately positive momentum, while valuation remains constrained by losses (negative P/E) and no dividend support.

To see Spark’s full report on GB:JAN stock, click here.

More about Jangada Mines PLC

Jangada Mines is a Brazil-focused natural resource development company listed on AIM and operating in the mining sector, with a particular emphasis on gold projects in Mato Grosso state and other Brazilian gold provinces. The company is advancing multiple exploration-stage assets, notably the Paranaíta Gold Project in the Alta Floresta-Juruena Gold Province and the Molly Gold Project, aiming to delineate shallow, low-capex, open-pittable gold resources.

Average Trading Volume: 13,061,208

Technical Sentiment Signal: Buy

Current Market Cap: £17.29M

Learn more about JAN stock on TipRanks’ Stock Analysis page.