Jupiter Gold Corporation (OTCQB: JUPGF) is a mineral exploration and development company that has 100%-ownership to mineral projects in development and exploratory stages aggregating 145,668 acres in Brazil. In particular, Jupiter Gold has eight gold projects and one quartzite quarry project.
The Company’s goal is to mine properties that lend themselves to year-round, simple open-sky operations to enable steady profitability on gold retrieval. In other situations, JUPGF will prefer to partner and collect royalties while another company operates the project.
All of Jupiter Gold’s mineral rights have been carefully selected, and most of them are in well-known mining provinces, including:
¤ The Alpha Project is Jupiter Gold’s flagship property. A few decades ago, approximately 2% of the current Alpha Project area was researched by a prior owner, which resulted in a resource estimate near surface of 64,000 oz. of gold (approximately $120M at the current price of gold) with a cutoff of 0.8 g/t. This number was reported in official filings to the Brazilian mining department at the time. Presently, with gold at ~$1,900/oz, the economic potential of the Alpha project has materially improved as gold was priced at $250-300/oz at that time. Furthermore, Jupiter Gold’s technical team believes that there is significant potential to expand the resource. For example, there is room for vertical expansion in the area underneath the known resource in the saprolite and colluvial layers.
¤ The Alta Floresta Project is located in a well-known gold province. In fact, one of Jupiter Gold’s mineral rights in this project is next to a producing gold mine. In the district many gold and copper discoveries have been made by multiple companies, including Anglo American [LSE: AAL].
¤ The Apuí Project is located in the NW portion of the Juruena-Teles Pires Gold Province. According to geological studies, the area has great potential for epithermal, primary and secondary gold deposits. In fact, there exists prior settler gold mining operations two miles from the Apuí Project.
Photos of the Drilling Campaign at Paracatu Project
Investor Presentation (Last updated: 09/2020)
Jupiter Gold: An Undiscovered Gold Gem in Brazil (1/23/2021)