Stock Information
Belo Sun's Exploration Concessions cover over 160,000 hectares within the Três Palmeiras greenstone belt in Brazil's northeastern state of Para. This area has been subject to small-scale mining activities since the 1960s, yet a significant portion of the greenstone belt, which stretches approximately 120 kilometers in length and varies from 1 to 8 kilometers in width, has not been extensively explored.
The South Block, a brownfield target within this area, hosts a mineral resource that warrants systematic drilling. To date, greenfield exploration drilling outside of the known mineral resource areas totals around 10,000 meters, in contrast to more than 200,000 meters within these resource areas. This initial exploration has identified several gold occurrences and potential mineral growth targets, indicating opportunities for future systematic exploration.
There is potential for additional discoveries within the Três Palmeiras greenstone belt. With large areas still to be explored, the likelihood of finding new mineral resources exists. This situation offers an opportunity for Belo Sun to enhance its exploration efforts and possibly increase its mineral resources.