SERRA ALTA DEPOSIT

![](https://static.wixstatic.com/media/c9f131_136f915c1dad4357879fc9cd6267e0aa_{mv2.jpg/v1/fill/w_815,h_801,al_c,q_85,usm_1.20_1.00_0.01/101%20(2).webp})

Metals: Gold

Location: Monte do Carmo, Tocantins State, Brazil

Ownership: 100%

Status: Advanced Exploration stage

Deposit Type: Intrusion related gold

Infrastructure:

Very accessible, skilled labor, water, power, paved roads

Property Summary

The Monte do Carmo (MDC) Gold Project is located in the state if Tocantins, Brazil, immediately east of the town of Monte do Carmo. The Serra Alta deposit is the main focus of the exploration of the project. The Monte do Carmo property consists of 14 exploration permits totaling 58,000 ha. The property has access to excellent local infrastructural with no artisanal mining or NGO issues and strong local support from the residents.

History

Gold was originally discovered in the Monte do Carmo area during the 17th century by the Portuguese. During the 1980s the area experienced an influx of artisanal gold miners (Garimpeiros) motivated by the recent rise in gold prices. Investments in mineral exploration in the area, by others, is reported to have amounted to US$4.7 million from 1985 through 1995, and over US$20.0 million from 1996 to 2018. Most of the investment was made in the Serra Alta area on many of the known gold occurrences.