Lago Dourado Minerals Ltd is currently advancing its 100% owned Juruena Project, an extensive gold mineralization system located in Mato Grosso, Brazil. Drilling commenced on the property in December 2010. The company is well financed and is backed by an experienced executive team. Lago´s common shares trade on the TSX Venture Exchange under the symbol LDM.

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A Big Footprint
Lago Dourado Sources Artisanal Gold in Brazil
~ By Ted Niles - June 8, 2011
It’s early days at Lago Dourado Minerals’ 70,000-hectare mell comments, “We’ve got three rigs; we’re basically testing
Juruena project, but the company’s President and CEO is three different targets. We’ve put out 13 holes of a 70-hole
full of optimism. “I think the key thing that makes our project campaign, so you’re probably going to see another 60 holes
stand out from others,” Forbes Gemmell remarks, “is the from now through the end of the year on those three areas.”
size of the footprint. We’ve had artisanal workings as well as
gold and silver anomalies over 10 square kilometres. That Gemmell admits that it likely won’t be until next year that any
would make it one of the biggest gold and silver anomalies serious thought can be given to a resource estimate. He ex-
in Brazil.” plains, “Because it’s such a big area, and we’re testing mul-
tiple targets, we’d only be able to drill off a resource on the
back of a Phase 2 campaign. That would be a drill campaign
through 2012. So we’re still a while away yet. This first pass
is trying to find out where the juicy spots are through nice,
wide-spaced drilling. Then we can fill in the gaps in Phase 2.”
Gemmell continues, “There’s a lot of gold at surface, and the
key for us is trying to get an understanding of the structures
that brought all that gold to surface. That’s what we’re trying
to test with this Phase 1 drill campaign.”
As befits a company that sees exploration as its primary
strength, Gemmell wants to find something extraordinary.
“We are trying to show that this thing has size,” he emphasiz-
es. “We’re interested in finding a multimillion-ounce deposit.
Acquired by the company last year, Juruena is located on So we’re less interested in finding a half-million to million
the Alta Floresta Gold Belt in Mato Grosso State, Brazil. ounces and putting feasibility studies on that.”
Gemmell says of the Belt, “It’s 500 kilometres long, and it’s
got 40 gold deposits. There’s been up to 10 million ounces He concludes, “It’s going to be a busy six months, so there’s
mined by artisanals on it.” Since the 1980s, these garim- going to be a lot of news flow on the drill front. It’s an inter-
peiros have taken in excess of 500,000 ounces of gold from esting point in time for us.”
the 30 metres of saprolite material between the surface
and bedrock at Juruena itself. The only drilling done on the The company acquired the remaining 16 exploration li-
project was in the 1990s, by Ourominas Minerals. Gemmell cences for the Juruena project from a private Brazilian
notes that while 90 holes were drilled, Ourominas’ focus was company, Geomin, in March. At press time, Lago Dourado
only under two of the artisanal pits. But, he adds, “There is has a market cap of $40.35 million, with 62.1 million shares
“
plus-10 kilometres, so it’s a very large geochem anomaly. outstanding.
It’s a structural deposit, [so] what we’ve done differently is
a geophysical interpretation, which is showing some nice
structures. That’s what we’re going to be testing off with the
drill bit over the next six months or so.” We’re interested in finding a
multimillion-ounce deposit
Lago Dourado began its Phase 1 Juruena drilling program
in December 2010. June 2 assay results include 1.39 grams – Forbes Gemmell
per tonne gold over 57.5 metres, 1.07 g/t over 36 metres,
101.1 g/t over 1 metre and 0.75 g/t over 34 metres. Gem-
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