Jiulian Resources to acquire Pedra Branca project

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Map of Pedra Branca in Ceará, Brazil

The Canadian company signed an option agreement with Jaguar Mining to acquire 100% of Pedra Branca in Ceará state, in northeastern Brazil. The project comprises 24 exploration licenses covering over 39,000 hectares, including a shear zone about 40 kilometers long, where about 9 kilometers has already been drilled. The main Pedra Branca discoveries include Mirador with 6.4m @ 3.14 g/t Au, Coelho with 7.3m @ 1.78 g/t Au, and Queimadas with 9.3m @ 1.03 g/t Au.

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