Juruena is currently a smaller scale, high-grade (6.3 g/t) deposit on the southern fringe of the Amazon basin, central Brazil, with a JORC Code Compliant Mineral Resource estimate of 261koz of gold.
Juruena has been extensively worked near the surface by artisanal miners since the 1980s, producing an estimated 500koz gold.
Since acquiring 100 per cent. of the project in 2014, Crusader has completed more than 15,000m of diamond and reverse circulation drilling leading to a JORC Code-compliant Mineral Resource estimate of 1.3Mt for 261koz Au at 6.3 g/t over three key prospects, namely Crentes (55koz), Querosene (118koz) and Dona Maria (88koz).
The project has a number of significant gold intercepts, including 101 g/t over 10m, 35.1 g/t over 12m and 41 g/t over 12m. Over 55,000m of drilling has been undertaken on the Juruena project to date.
Due to high prospectivity across several areas of identified mineralisation, the Company intends to initiate a focused 30,000m exploration drilling programme across the Juruena project and initiate magnetic and IP surveys with the intention of defining a significantly expanded resource and economic reserve within the 18 to 24 months.
Anglo American, a major mining company, has recently staked over 2Mha of the Alta Floresta belt, which is estimated to have produced more than 7Moz of gold.
The Juruena Gold project is located in the state of Mato Grosso on the southern fringe of the Amazon basin in central Brazil. The project is located on the western end of the prospective Juruena-Alta Floresta gold belt and comprises a circa 770km2 area of contiguous tenements in an area of scrub forest and converted farm land.
The project is accessible by roads which are well maintained by the local agricultural industry, as well as by barge if required. The Company also owns and maintains its own 1,000m airstrip, giving multiple access options to the site.
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