Published: April 4, 2017 |

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Quinto Real Capital Corporation has signed an arm’s length option agreement with Americas Gold Corporation, SA, Elicio Gomes Lopes and Brasincor Empreendimentos E Participacoes SA, to acquire a 100 percent interest in the Camarinhas gold project in Brazil, which consists of three mineral-rights concessions that Quinto defines as Camarinhas Central, East and West.

“We are excited about the recent turn of events. We have the opportunity to acquire a unique property on a emerging mining district with gold production activities,” said Michael Curtis, president and CEO of Quinto.

“We are in the process of expanding our technical team on the ground, with the start of the drilling program. We are also structuring our management team, and we will be making these announcements in the coming weeks as the final stages of the legal due diligence is completed,” said Dr. Luisa Moreno, a director of Quinto.

The properties are located in an area known as Camarinhas, which is situated in the rural area north of Campo Largo, Parana State, Brazil. It is approximately 45 km from Curitiba, the Capital of the State. The properties, in total, comprise 1,704 hectares. Services and support for mining in this area are excellent.

The Camarinhas area is known for hydrothermal gold-pyrite-quartz veins, which have been prospected and mined for about 400 years. An adjoining property has produced gold for the last 25 years.

Available information on the Properties indicates a significant gold potential; however, much of this information cannot be used to evaluate the properties and is only of historical interest until it can be confirmed. Assays of available material have been positive and mineralogical studies have detected up to 120-micron gold grains, which are associated with chalcopyrite along pyrite grain boundaries.

Quinto is planning a secure exploration drilling program, using standard quality control and quality assurance methods, to confirm the potential of the project. It is expected that key aspects of this program will be complete within six months.

About Quinto Real Capital Corporation
Quinto Real Capital Corporation is a Canadian gold exploration company. It owns a 5 percent interest in the Monster Lake property (IAMGOLD: 50 percent/TomaGold: 45 percent) and an option to acquire a 75 percent interest in the Gwillim, Fancamp and Embry properties, all located close to the Chibougamau mining camp in Quebec, Canada.

To stop by Quinto’s website, CLICK HERE

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