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South Atlantic Gold Inc V.SAO

Alternate Symbol(s):  JLRRF

South Atlantic Gold Inc. is a Canada-based exploration company. The Company is engaged in acquiring and advancing mineral properties located in the Americas. Its flagship asset is the 100%-owned Pedra Branca project, located 280 kilometers (km) southwest of Fortaleza, Ceara State, Brazil. The Pedra Branca project is a mesothermal gold deposit hosted in the Troia greenstone belt in the Brazilian Archean terrain. The exploration programs at Pedra Branca have been systematically using soil sampling, trenching, RC drilling and drone geophysical magnetics to determine the controls on mineralization and grade variability at the project. The property covers approximately 48,828 hectares (ha) over a 50 km-long shear zone. It has 13 well-defined targets and 30 prospective tenements.


TSXV:SAO - Post by User

South Atlantic Gold Inc
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Post by OldGoldon Aug 13, 2023 2:01pm
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Post# 35586059

Tucano Gold mine in Brazil

Tucano Gold mine in Brazil

I see this board is not very active, but maybe someone here can help.  I read somewhere that South Atlantic was in the box seat to buy the Tucano Gold project in Brazil. But yesterday I received an offer from Tucano Gold to participate in the seed round, as they had entered into a Definitive Agreement to acquire 100%. They plan to reopen the mine later this year. Does anyone know what is going on?  
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