The Arraias-Campos Belos Project is located in the South-eastern most portion of
the Tocantins State, just a few kilometres away from Campos Belos, a town in the
Goiás State in Central Brazil. Itafós Mineração (Itafós) holds 62 Mineral Rights
(128,522.85 ha) located on the Goiás and Tocantins states border. Forty-nine areas
are in the Goiás state (81,717.34 ha), near the cities of de Campos Belos, Monte
Alegre, Divinópolis de Goiás and Nova Roma. Thirteen are in the Tocantins state
(46,805.51 ha), all are located near the Arraias city.
The tenement areas have been divided into two blocks, referred to as the "Near Mine",
having 30,325ha and the "Regional" blocks (98,197ha) for geological exploration
work. The Near Mine block contains the areas nearby Itafós, north of Campos Belos
(GO).
The Regional block is more extensive and was subdivided into five blocks: East,
North, Center, South (in the Goiás State) and Taipas (in the Tocantins State). Each
of the blocks contains several mineral rights that are in the process of being mapped
and drilled in a logical sequence based on proximity to Campos Belos and geological
potential. See the latest NI-43 101 report filed with SEDAR for details.
