The Pepita Project consists of 13,406 hectares of tenements applied for in southern Brazil, targeting highly prospective gold mineralisation within the Santo Afonso Granite Suite, distributed across eight distinct claims.
The license application area is bordering the most prominent gold anomaly in the entire district, which has never been followed up after initially being identified through government sampling data.
The Santo Afonso Suite is known for its structural complexity. Its prominent WNW-ESE fault zone and evidence of hydrothermal alteration create favourable conditions for gold deposition.
The tenements are strategically located approximately 35km southwest of Lavras Gold’s, ‘Lavras do Sul Project’, where recently a blind discovery was made targeting a soil anomaly ~500ppb Au leading to intercepts of: 59m @ 2.9g/t Au & 236m @ 1.4g/t Au.1
Initial exploration programs will focus on validating geochemical and structural data, with priority on following up the 2,870ppb Au in soil anomaly sitting on the border of The Pepita Project to define drill targets.
Bayan elects to withdraw from its option to acquire the Tango Lithium Project in Canada.
