Thackeray Mines & Minerals Inc. Launches Piacoa Gold Mining Project in Venezuela

Thackeray Mines & Minerals Inc. is proud to announce the official launch of the Piacoa Project, a gold mining operation located in Bolívar State, Venezuela. This landmark project represents Thackeray' s first wholly owned international mining site and is a testament to the company's commitment to global growth and sustainable mining practices.

Situated just 40 miles northwest of Thackeray's successful El Callao project, the Piacoa Project was developed following a two-year exploration and feasibility study that confirmed significant gold reserves in the region. The operation is expected to contribute significantly to Thackeray's annual gold production while fostering economic growth and sustainable development in the local community.

A Milestone in International Expansion

“The launch of the Piacoa Project marks a significant milestone for Thackeray Mines & Minerals as we expand our operations internationally. This project not only strengthens our presence in Venezuela but also demonstrates our commitment to responsibly developing high-value resources while prioritizing environmental sustainability and community impact.” - Mr Anton Winsor – Chief Operations Director of Thackeray Mines & Minerals Inc.

Sustainability and Innovation at the Core

The Piacoa Project is designed with cutting-edge mining technologies and a focus on environmental stewardship. Key features of the project include:

• Renewable Energy Integration: Solar and wind energy systems power 60% of the site's operations, significantly reducing its carbon footprint.
• Water Recycling Systems: Advanced water management processes ensure 90% of water used in operations is recycled, minimizing impact on local water resources.
• Land Stewardship: Comprehensive land rehabilitation plans have been developed to ensure the long-term preservation of local ecosystems.

Economic and Community Benefits

The Piacoa Project has already begun contributing to the local economy by creating over 400 jobs, with a commitment to hiring and training local residents. Additionally, Thackeray is partnering with regional stakeholders to invest in infrastructure, healthcare, and educational programs to benefit surrounding communities.

Looking Ahead

The Piacoa Project is expected to begin full-scale production by the second half of 2024, with projections indicating substantial contributions to Thackeray's gold output over the coming years. Beyond its economic impact, the project underscores Thackeray's vision for sustainable mining, demonstrating that responsible resource development can drive both growth and positive social change.