Business
South Atlantic Gold Announces Completion of 75% Earn-in on the Pedra Branca Project, Brazil. Maiden Resource Imminent
(TheNewswire) Kelowna, British Columbia – TheNewswire -  June 1...
About this update from South Atlantic Gold, Inc.
[{"type":"text","content":"South Atlantic Gold Announces Completion of 75% Earn-in on the Pedra Branca Project, Brazil. Maiden Resource Imminent\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n \n Kelowna, British Columbia – TheNewswire -  June 10, 2021 - SOUTH\nATLANTIC GOLD INC. (TSXV:SAO) (OTC:JLRRF)\n \n \n \n (“\n \n \n \n South Atlantic”\n \n \n \n or the “\n \n \n \n Company”\n \n \n \n )\n \n \n is pleased to announce that it’s 75\npercent (“%”) earn-in on the  Pedra Branca Project, located 280\nkilometers (“km”) southwest of Fortaleza, Ceará State, Brazil has\nbeen completed. An audit of the US$1 million in exploration\nexpenditures by South Atlantic from its Phase 1 exploration program\nhas been completed and Jaguar has accepted the results which completes\nthe earn-in requirements for the 75% interest.\n \n \n \n \n Douglas Meirelles\n \n \n , CEO stated,\n \n \n “The\n75% earn-in we just completed represents the first significant hurdle\nat Pedra Branca. We anticipate publishing the National Instrument\n(“NI”) 43-101-compliant technical report with a maiden resource in\nthe next few weeks. The publication of the maiden resource report will\nalso allow the company to earn-in 100% of the Pedra Branca project and\nwill also highlight the Phase II exploration program at Pedra\nBranca.”\n \n \n \n \n Upcoming Catalysts\n \n \n \n \n The Phase 2 Exploration Program details are outlined in\nthe “Technical Report, Geology, Mineralization and Exploration of\nthe Pedra Branca Gold Project, Ceará State, Northeastern Brazil”\ndated August 21, 2020. The details of the Phase 2 program include\nfurther RC drilling, higher density, and deeper diamond drilling,\nupdating geological and structural models, an additional updated\nresource estimation, and further community engagement.\n \n \n \n \n The company will complete the required government\nprocesses to transfer the Pedra Branca asset to South Atlantic\nGold’s subsidiary in Brazil.\n \n \n \n \n About South Atlantic Gold\n \n \n \n \n South Atlantic Gold is an exploration company engaged\nin acquiring and advancing mineral properties located in the Americas.\nThe Company’s principal BC asset is the wholly-owned 4,056-hectare\nBig Kidd property, located near Aspen ...