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Jangada Mines PLC - natural resources development company, with interests in Brazil - It reports it has ‘hit the ground running’ at the Paranaita gold project. Jangada says an exploration programme is underway at the asset, located in the Mato Grosso state of Brazil, known for its gold deposits. Two zones have been targeted, and Jangada aims to deliver a preliminary economic assessment for a 20,000 ounce per year operation.
Current stock price: 0.87 pence, up 52% on Wednesday in London
12-month change: down 35%
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