REG - Jangada Mines PLC - Drilling Commenced at Paranaíta Gold Project

Jangada MinesAnnouncement

27/10/2025 07:00

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RNS Number : 9120E  Jangada Mines PLC  27 October 2025

Jangada Mines plc / EPIC: JAN.L / Market: AIM / Sector: Mining

 

27 October 2025

Jangada Mines plc ('Jangada' or 'the Company')

 

Diamond Drilling Commenced at Paranaíta Gold Project

 

Visually mineralised targets being drilled to build on existing resource

 

Highlights:

·    3,100m of trenching completed - further highly visually mineralised
veins identified

·    15-hole, 1,800m diamond drilling programme commenced

·    Drilling to focus on high grade mineral sequences identified from
trenching, topographic studies and extensive historic data

·    Drilling campaign aiming to increase resource to 350,000 oz gold
under JORC

·    Significant potential for further resource growth with multiple
additional targets already identified

 

Jangada Mines Plc (AIM: JAN), a Brazil focused natural resource development
company, is pleased to announce that its 15-hole 1,800m diamond drilling
("DD") programme has commenced at the 7,211-hectare Paranaíta Gold Project
("Paranaíta" or the "Project") located in Brazil's historically significant
Alta Floresta-Juruena Gold Province.

 

Following the completion of 3,100m of trenching, which yielded further highly
visually mineralised veins, the analysis of existing data, and two topographic
studies, a 10-week drill programme at Paranaíta has been designed primarily
targeting the high-grade TP2 and TP3.2 (within TP3) targets.  The first 8
drill holes of c.120m each will target the identified mineral sequence from
trenches TR-02 to TR-08, where the mineralised vein was well identified over
more than 700m and contained visible gold.

 

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Figure 1: Drill holes on TP2

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

The remaining holes will target TP3.2 where the trenches TR-19 to TR-31 were
executed with excellent results yielding well identified mafic dikes and
disseminated granites.  TR-18 identified a 2m thick vein (See Figure 2).
The location of these is now being finalised and will depend on the chemical
analysis results due in Q4.

 

 

 

 

Figure 2: 2m thick vein at TR18

 

 

The drill programme is focused on expanding the current resource from 210,000
oz Au @3.165 g/t to ~350,000 oz Au under the JORC code.  The TP2 and TP3.2
zones have a resource of c.106,600 oz @ 16.65 g/t Au and c.34,600 oz @ 1.35
g/t Au respectively and are two of the six identified high priority targets
along the 8km mineralised corridor. This corridor has 15+ high-grade gold
occurrences and historical sampling up to 135 g/t Au.

 

Jangada CEO, Paulo Misk, said: "With trenching now complete and having
confirmed further visually mineralised vein systems, we are pleased to
announce the launch of our inaugural drill programme at the high-grade
Paranaíta Gold Project. This 15-hole, 1,800-metre campaign will focus on two
of the six identified high-grade, near-surface zones. Our immediate goal is to
expand the current resource to approximately 350,000 ounces of gold. However,
with multiple additional targets across the broader project area, we believe
there is significant potential for further resource growth through continued
exploration.

 

"In the current gold price environment, high-grade, shallow deposits are
especially attractive, as they typically fall at the lower end of the capital
cost curve and offer robust margins with strong value potential. We believe
Paranaíta exemplifies these characteristics. Accordingly, we look forward to
fast-tracking its development and that continued success will underpin a
meaningful revaluation of Jangada."

 

Trench Locations TP2:

Qualified Person's Statement

 

The technical information in this announcement has been reviewed by Mr. Peter
Heinrich Müller who is a member of the South African Council of Natural
Scientific Professions (#114766). Mr. Müller is a senior professional
geologist with +17 years of experience in the mining industry, which is
relevant to the style of mineralisation and type of deposit under
consideration and to the activity which he has undertaken to qualify as a
Competent Person as defined in the 2012 edition of the JORC Code. Mr. Müller
also meets the requirements of a competent person under the AIM Note for
Mining, Oil and Gas Companies. Mr. Müller has no economic, financial or
pecuniary interest in the Company, and he consents to the inclusion in this
document of the matters based on his technical information in the form and
context in which it appears.

 

ENDS

 

For further information please visit www.jangadamines.com
(http://www.jangadamines.com/)  or contact:

 

 Jangada Mines plc                     Brian McMaster (Chairman)  Tel: +44 (0)20 7317 6629
 Strand Hanson Limited                 Ritchie Balmer             Tel: +44 (0)20 7409 3494

 (Nominated & Financial Adviser)       James Spinney

                                       David Asquith
 Tavira Financial Ltd                  Jonathan Evans             Tel: +44 (0)20 7100 5100

 (Broker)
 Investor Relations                    Hugo de Salis              hugo@lepanto.co.uk

 

The information contained within this announcement is deemed by the Company to
constitute inside information as stipulated under the Market Abuse Regulation
(EU) No. 596/2014 as it forms part of United Kingdom domestic law by virtue of
the European Union (Withdrawal) Act 2018, as amended by virtue of the Market
Abuse (Amendment) (EU Exit) Regulations 2019.

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