Fraser Mackenzie confirm BGC as strong Buy target price 2.10 C$
Assay Results from Pista Manual Targets Confirm Mineralization
Event
· Brazilian Gold released the first set of assay results from its recently completed drill program on the Pista Manual project in the Tapajos Mineral Province of northern Brazil.
· The company completed four diamond drill holes totalling 561 metres to test two gold targets (Inferinho and Pista Manual) in the northwest area of the project, and collected 558 soil samples to the south of this area.
· Highlights from the drilling include (drill map):
o Inferinho Prospect:
§ Hole PMD-001-11: 4.28 g/tonne gold over 14.0 metres
§ Hole PMD-002-11: 1.03 g/tonne gold over 4.0 metres.
§ Hole PMD-003-11: 0.68 g/tonne gold over 4.0 metres and 0.81 g/tonne gold over 4.0 metres.
o Pista Manual Prospect:
§ Hole PMD-004-11: 0.96 g/tonne gold over 8.0 metres
* True width is approximately 50% of the length of the mineralized intercept outlined above
