Perth-based Australian junior Crusader Holdings today reported further exploration results at its Manga project in Goias state, Brazil. Initial rock samples assayed up to 1.6% tin and 777 ppm indium.
The project covers a 15 km2 site in north east Goias previously worked by garimpeiros. Crusader has applied to explore 25 tenements covering 480 km2 in the state and is looking for gold as well as tin.
The company has been encouraged by the recent activities of Brazil’s giant metals company CVRD, which has applied for extensive tracts of ground in the same area.
