Pereira-Velho Gold Project
The Pereira-Velho project is located in inland Alagoas state, Brazil, a jurisdiction where copper ore and concentrates represent the state's second-largest export. The area features access to significant infrastructure, an experienced local work force that supports mining development and is road accessible. With a historical resource (80k ounces of oxide Au @ 0.6 g/t) that’s open in all directions, Pacific Bay is keen to unlock investor value with this project.
Pacific Bay Minerals Ltd. has signed a non-binding letter of intent (LOI) with Appian Capital Advisory LLP to acquire 100% of the Pereira-Velho gold prospect (the project), containing 11 mineral claims totalling 14,596 hectares in an option agreement.
Proven District, Untapped Potential
Located just 25km from the operating Serrote Copper Mine, the Pereira-Velho Gold Project benefits from a mining-friendly region with strong community and political support. Local residents bring both experience and enthusiasm, contributing to the success of new exploration initiatives.
Wide-Open Targets
With approximately 6,600 meters of drilling focused within just 500 meters of a 2.5-kilometre geochemical anomaly, the Pereira-Velho deposit remains open in all directions—providing a clear path to rapid resource growth and significant near-term value creation.
With at-surface mineralization and simple, cost-effective metallurgy requiring minimal processing, Pereira-Velho presents exceptional potential for scalable, low-cost development.
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Low-cost, shallow drilling provides an efficient path to expanding the resource in all directions—including at depth—to increase measured, indicated, and inferred categories.
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We are currently incorporating updated drill data into revised geological models, which will form the foundation for a forthcoming economic assessment.
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By advancing responsible exploration, Pacific Bay aims to build shareholder value and empower local communities through employment, engagement, and shared economic growth.
