Boi Novo Copper Gold Project
The Boi Novo Copper-Gold Project has been secured as part of Centaurus’ Horizon II Business Development and Growth Strategy, which is aimed at building a long-term growth pipeline in Brazil focused on strategic minerals.
The Boi Novo Copper-Gold Project covers 35km2 of highly prospective ground in the eastern Carajás Mineral Province – the world’s premier Iron-Oxide Copper-Gold (IOCG) address. The Carajás hosts the world’s largest known concentration of large-tonnage IOCG deposits, almost all of which are found in the Itacaiúnas Supergroup. The Boi Novo tenement package covers a 15km strike length of this highly prospective volcano-sedimentary sequence.
The project lies 30km from Parauapebas (population 250k), the regional centre of the Carajás Mineral Provence and the main base for personnel and service providers supporting Vale’s iron ore and base metal mines in the region, only 35km from Vale’s copper-gold concentrate load-out facility for the Salobo and Sossego mines, and less than 20km from BHP’s Antas Norte copper flotation plant.
Soil geochemistry surveys have identified four distinct prospect areas at Boi Novo, with +500ppm copper-in-soil anomalies along 12km of discontinuous strike, coincident with Drone Magnetics (DMAG) anomalies.
Within the broader anomalies are discrete contiguous zones of +1,000ppm copper-in-soil anomalies, extending over more than 1.5km of strike. Rock chip sampling has returned maximum results of 2.24% Cu and 0.57g/t Au.
A maiden drilling program is planned to commence in Q1 2024.
Read the initial Boi Novo IOCG Project announcement from November 2023