The Company’s key asset is the Cuiú Cuiú project which is on trend and located less than 20km NW of Eldorado Gold’s Tocantinzinho project (“TZ”).
The non-refractory TZ gold project is expected to produce 170,000oz of gold a year over its mine life of 11 years. It has Measured and Indicated Resources of 48.7Mt @ 1.35g/t gold (for 2.1Moz) and Inferred resources of 2.4Mt @ 0.9g/t gold (for 0.07Moz). Eldorado Gold anticipates receiving the required permits to start the mine development during the first quarter of 2018.
