South Atlantic Gold Advances Induced Polarization Survey. Results Indicate Large, Stacked Mineral System at Pedra Branca, Brazil
South Atlantic’s Pedra Branca IP reveals deep roots with initial diamond drill assays showing grades that are not expected to significantly impact the market.
South Atlantic Gold Inc. (SAO) has provided an update on its ongoing Phase III diamond drilling and induced polarization (IP) geophysical survey at the Pedra Branca gold project in Brazil. Seven holes totaling 1,503 meters of HQ core have been completed, with an eighth hole currently in progress.
The first batch of 677 samples, sourced from two holes, was submitted to SGS Geosol. Among the results, hole 26DDQUE001 intersected 0.5 m @ 0.524 g/t Au from 231 m downhole. This represents the deepest gold hit at the Queimadas target to date, though the grade is considered low.
Preliminary data from the IP survey indicates chargeability anomalies coincident with sulphide-bearing zones. These anomalies remain open along strike and to the northwest, and several previously unknown chargeability zones were identified east of and parallel to known mineralization. The IP survey will be expanded at Queimadas and moved to test the Igrejinha and Mirador targets. Geological interpretation points to a folded, alteration-hosted structure with pinch-and-swell morphology that remains open to the northwest.
South Atlantic Gold Inc. (SAO) released a standard exploration-program update that reported no drill intersections of economic interest. The single disclosed assay returned 0.5 m @ 0.524 g/t Au, a result sub-grade relative to the project’s average resource grade of 1.38 g/t.
Preliminary IP chargeability data confirmed the presence of sulphide, though sulphide does not necessarily equate to gold and the identified anomalies remain untested. The company is currently executing the fully funded 5,000 m Phase III program previously announced in April 2026.
Prior-period context indicates that FY 2026 financials showed a going-concern warning and a net loss of $406,960. A March 2026 $4.2 M financing strengthened the balance sheet, but the company remains an exploration-stage entity with zero revenue. No analyst target, economic study, or resource update was presented in the release.
South Atlantic Gold Inc. (SAO) is a junior explorer listed on the TSX Venture Exchange, focused entirely on the Pedra Branca Gold Project in Ceará State, Brazil. Pedra Branca is a district-scale orogenic gold project covering more than 52,000 hectares of the Troia Greenstone Belt, featuring a 50 km shear zone that hosts over 13 targets.
A NI 43-101 Inferred Resource of 4.0 million tonnes at 1.38 grams per tonne of gold for 180,000 ounces (effective March 16, 2021) provides a small, shallow maiden resource, with mineralization open at depth and along strike. The Phase III program marks the first major diamond drilling campaign since the company assumed control following the termination of the ValOre amalgamation in 2025.