Stockworks Gold Inc. announced that it has commenced additional exploration activities at its 100% owned, road accessible Pirenópolis gold project located in the mining-friendly state of Goias, Brazil. Stockworks has begun ground-based field activities to follow up on previously collected anomalous gold geochemical samples. These samples returned 4.7ppm and 3.9ppm gold in stream sediment samples from two parallel drainages, 1.5km apart.
In addition, one of the drainages returned a mineralized quartz float boulder, which assayed 0.8g/t gold. Current field activities will focus on these two drainages, with the collection of systematic, closely spaced stream-sediment geochemical samples beginning at these previous anomalies and continuing to the headwaters of the drainages. The objective is to determine a cut-off point to the anomalous gold values upstream which would indicate the area where gold is being introduced into the drainage.
Concurrent to the stream sediment geochemical campaign, the Company will also be prospecting the drainages for additional mineralized float boulders and cobbles, as well as conducting first-pass regional geochemical sampling in areas of the property that have yet to be assessed for potential gold mineralization. Stockworks has recently received data from its property-wide, high-resolution, low-level drone airborne magnetics (mag) survey flown in October (see news release October 16, 2025). This survey will be crucial in interpreting the underlying bedrock geology in any anomalous gold cut-off zones derived from the geochemical work.
The geophysical data can be modeled with outcrop exposures mapped during the field work to develop a geological working model to assist in selecting potential drill targets. The Pirenópolis gold project is an early-stage project encompassing two parallel stream catchments with highly anomalous gold in sediment samples, as well as a float boulder anomalous gold. Furthermore, regional airborne geophysics by the government indicates an interpreted large-scale magnetic structural break cutting across the property up stream of the anomalous samples.
The region experienced a placer gold rush in the 1700s and 1800's however, the hard-rock sources of the surrounding rivers' alluvial gold have never been located. The property occurs in the same geological belt as the Paracatu gold mine, also located in Brazil, which is Kinross Gold Corp.'s largest operation globally. The Pirenópolis gold project is interpreted as an orogenic gold target with features similar to Paracatu, including being hosted by similar geological rocks and having regional tectonic structures transecting the property, as observed in airborne geophysics.
Goias, the third-largest mining state in Brazil, has several operating gold mines including Serra Grande by Anglo American, Chapada (copper/gold) by Lundin Mining and Pilar Gold's PGDM complex, which consists of four mines. The company sees this as an opportunistic low-cost entry point to the country of Brazil, a nation of vast mineral wealth.
