Jupiter gold new gold project
Jupiter
Gold Corporation announced that it has added a new 100% primary gold project to
its asset base. The area entitled encompasses more than 4,750 acres in the
direct continuation of a gold trend with settler activity, a strong indicator.
Samples
collected by the Company from a trench opened by such settlers and analyzed in
a SGS-Geosol laboratory showed results as high as 71 grams of gold per ton
(“gpt Au”) in quartz veins hosted in amphibolites, phyllites, and
granodiorites. Two examples of such gold-bearing rocks can be found in the
photograph attached to this release.
Gold
mineralization occurs locally in boudined quartz veins and is believed to be
due to intrusions of basic igneous rocks, similar to the auriferous
mineralization seen throughout the Western Chapada Diamantina region of Brazil.
It is noteworthy that there is the additional potential for the occurrence of
free gold that would allow recovery using gravimetric methods.
A
Jupiter Gold field team headed by geologist Areli Nogueira is currently
conducting additional analysis, including pre-determination of drilling
campaign targets towards possible resource assessment.
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