Pereira-Velho

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.

Pacific Bay Minerals Ltd. has signed a non-binding letter of intent (LOI) with Appian Capital Advisory LLP to acquire 100 per cent of the Pereira-Velho gold prospect (the project), containing 11 mineral claims totalling 14,596 hectares.