Chris Eager, President and CEO of Resouro Gold (TSXV:RAU), spoke with our Brieanna McCutcheon at PDAC 2022 about mobilizing a team and drill rig for its Novo Mundo Gold Project in Brazil. The company is planning an initial 1,500 m program with potential for expansion.
The program is fully funded and permitted with no pressing challenges to report. Resouro intends to in-fill drill the existing resource towards NI 43-101 compliance and sees high upside potential for the project. Novo is located in the highly prospective Alta Floresta Mineral Province, most of which is held by majors such as Anglo American, Coldeco and Nexa.
Eager is very pleased with the state of gold fundamentals, which he sees persisting as the metal offers a stable source of value in the current inflationary environment.