Brazilian Gold Corporation the fast-track developer of a number of large scale adjacent open pit gold projects in Northern Brazil, takes time to remind the market of its strong cash in back position and the fact that the São Jorge project is Brazilian Gold’s most advance stage development. The deposit is host to an NI43-101 compliant indicated mineral resource of 11.365 Mt grading 1.0 g/t gold (379,000 ounces of contained gold) and an inferred mineral resource of 20.673 Mt grading 0.8 g/t gold (558,000 ounces of contained gold) at a 0.3 g/t cut-off (Coffey Mining, July 15, 2011).
Whilst concerns about the fall in gold prices may concern some investors, BGC is set to be a low cost, low risk producer where in the case of Brazil it operates in a positive low royalty tax environment and is the only gold development company in Northern Brazil with access to power and with highway access to the development site.
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