Overview of Tapajós Mineral Province
"A number of economic gold-copper-molly-silver deposits certainly will be discovered in the near future in Tapajos."
Pedro Jacobi, Geologist - Source Amazon Explorers
The Tapajós Mineral Province is a large (100,000 km2) gold producing area located in the Amazon Region of Brazil. Gold was discovered in this Province in 1747 with significant production from 1958. Gold output peaked in the 1983-89 period when more than 300,000 garimpeiros produced approximately 1 million ounces per year, predominantly from alluvial deposits. While the total gold production of Tapajós Mineral Province up to 1993 is officially estimated at 7 million ounces, actual production is considered to be approximately 22 million ounces.
The Tapajos Mineral Province has only recently been recognized as a significant gold province. This followed the realization that most of the alluvial gold deposits discovered and mined to date in fact represent locally transported eluvial deposits derived from nearby bedrock gold deposits. Access to these deposits, created by intense garimpeiro activity in the recent past, has encouraged renewed exploration activity and opened up major exploration opportunities.
The Tapajos Mineral Province, comprises extensively altered and mineralized Middle Proterozoic (∼1.8 Ma) felsic volcanic and intrusive magmatic rocks with minor sedimentary units. Hydrothermal gold deposits appear to be controlled by NE, NS and NW fault systems, including both fissure vein and vein-stockwork types of mineralization. There is obvious potential for a variety of medium (+0.5 million ounce) to large (+3 million ounce), open-pittable, oxide and mixed oxide/sulphide deposits.
Access throughout the Tapajóos Province is predominantly by means of rivers (powerboats and barges), and the utilization of small aircraft (airstrips are maintained at most prospects). Land access is via the major unpaved Transamazônica, Cuiabá-Santarém and Transgarimpeira roads which cross the Province. Current access and operating conditions can be favourably compared
to those existing in northern Canada.
A NEW GOLD RUSH IS DEVELOPING RIGHT NOW... MINING COMPANIES ARE REALIZING THAT:
1- Tapajos isn't as remote as they thought: Almost all targets are within 40km from a major road or navigable river. The local economic center, Itaituba, was served by major air companies everyday of the week, banks and services.
2- The work done by gold diggers ("garimpeiros"), panning and excavating all possible primary sources, had an immense value if assessed by experienced local geologists.
3- It is very easy to visit large prospective areas that never have been visited by a geologist before.
4- Negotiating agreements are not as expensive as in other mining places in the world.
5- Tapajos is a huge unknown area and several world class deposits may arise from the ongoing exploration effort.
This is the perfect moment to invest in Brazil mining. A Brazilian oil company that has yet to drill a well raised US$3.9 billion) in an initial stock offering, (IPO) on June 14th. The huge success of the IPO for OGX Petroleo e Gas Participoes SA reflects a tide of optimism generated by what could be the biggest oil/minerals discoveries in decades.
OGX is run by the Brazilian billionaire Eike Batista. He made his fortune in gold and iron mining. Last year he sold part of his interests in his Mining Company MMX, and made U$ 5.5 Billion personal profits. OGX, founded in September 2007, quickly won exploration rights in high-potential Brazilian offshore oil and natural gas blocs with estimated reserves of 4.8 billion barrels.
``Because there is no production and there won't be production for five years you really have to buy the prospects, and the prospects are a function of the people and the assets,'' Rudman said.
As Mr. Batista said to the press: “Brazil is right now a highway of opportunities”.
JOIN THE FUTURE NOW. RUN THE GOLD BRAZIL HIGHWAY!
BRAZIL:
+ No Economic crisis, but prosperity.
+ Increase of thriving manufacturing industries relocated to Brazil and boosting the economy.
+ Brazil is one of the worldwide top producers of cars, planes, steel, etc.
+ Brazil is one the top 3 mineral producers.
+ Self sufficiency in oil reserves.
+ World leading in Ethanol and Biodiesel.
+ World agricultural Exporter: orange, soybeans, cattle.
+ Favorable currency exchange rates, making investment transactions cheap for foreign investors.
+ Stable democracy.
+ President Lula's progressive policies, bringing many improvements to Brazil10th Economy in the world.
+ All analyst predict will be between the top five in the next 20 years along with Russia, India and China.
+ Active encouragement and incentives for foreign investment.
+ No hurricanes, no earthquakes.
+ No international risks of war, terrorism or SARS in Brazil.
