The Paracatu Project is located four miles from the largest gold mine in Brazil, Morro do Ouro (“Gold Hill”), owned and operated by Kinross Gold. Morro do Ouro is a massive open sky mine within an ore body of 16,000,000 ounces of gold and annualized production of 490,000 ounces of gold, according to publicly available information.
In Q2 2018, Atlas Gold concluded an initial phase of drilling; 18/23 drill holes were visually positive for gold and confirmed by geochemical studies.
