Aura Minerals Inc. (TSX: ORA, B3: AURA33, OTCQX: ORAAF) has recently announced significant exploration results from its high-potential projects in Brazil, demonstrating the company’s commitment to expanding its resource base and positioning itself for sustained growth. The updates come from three major projects: P Quente, Paiol Deposit at the Almas Mine, and Aura Carajs.
The P Quente gold deposit is emerging as a notable player within the Alta Floresta Gold Province, located just 34 kilometers from the X1 Deposit associated with Aura’s Matup Project. The ongoing drilling program has covered 6,200 meters of the planned 7,500 meters, revealing six high-priority targets. Notably, drilling has confirmed historical high-grade gold intercepts in the Nilva zone and identified a new zone, Nilva North, which expands the mineralization footprint.
Significant intercepts from the drilling program have been reported. Hole FPQD-0010 yielded an impressive 0.96 g/t Au over 132.00 meters, with notable sections showing a peak of 4.05 g/t Au over 3.00 meters. Similarly, Hole FPQD-0020 returned 1.18 g/t Au over 63.90 meters, including a remarkable peak of 4.14 g/t Au over 8.00 meters. These results not only highlight the potential of the P Quente project but also align with Aura’s strategic goal of enhancing its resource and reserve base in a region renowned for its rich gold deposits.
At the Paiol Deposit within the Almas Mine, Aura has completed a comprehensive infill and extension drilling campaign totaling 13,000 meters. This effort has confirmed the continuity of high-grade ore bodies at depth, suggesting strong potential for underground mining operations alongside existing open-pit activities.
The key findings from this project reveal significant gold mineralization in two drill holes. Hole PAI-004 returned an average of 1.40 g/t Au over 101.10 meters, with notable high-grade intervals, including 4.20 g/t Au over 26.65 meters. Similarly, Hole PAI-014 showed an average of 2.8 g/t Au over 19 meters, featuring high-grade intervals that reached up to 8.2 g/t Au. These results underscore the feasibility of developing an underground mining operation at Paiol and contribute positively to the overall resource profile of the Almas Mine.
Aura’s Carajs Project has demonstrated promising outcomes from an extensive inaugural drilling campaign, which covered approximately 22,000 meters between 2023 and 2024. This initiative has confirmed multiple mineralization zones that extend over an impressive strike length of up to 8 kilometers. Notable intercepts from the drilling include Hole SDE-0053, which revealed 0.95% copper over 11.00 meters, with higher grades exceeding 1% copper found in semi-massive sulfide zones. The Carajs region is well-known for hosting some of Brazil’s largest Iron Oxide Copper Gold (IOCG) deposits, and Aura’s ongoing drilling efforts aim to further expand these high-grade zones while also generating a maiden mineral resource estimate.
Rodrigo Barbosa, President and CEO of Aura Minerals, emphasized the company’s strategic focus on resource expansion at a competitive cost, averaging US$25 per ounce over the past four years, significantly below global averages. He noted that the encouraging results from all three projects not only bolster confidence in their future value but also reflect Aura’s successful exploration strategy.
Barbosa stated, “The scale and grades we are uncovering across all three projects highlight the transformative potential of these initiatives.” He further mentioned that combining open-pit and underground mining at Paiol could lead to increased average grades and production levels.
As Aura Minerals continues to explore these promising projects, it remains positioned to achieve substantial reserve and resource growth while maintaining a balanced exposure to both gold and copper markets.
