Brazilian Gold Corp BGC TSX:V overlooked by investors

Brazilian Gold Corporation BGC-TSX-V)
The latest drill results from their São Jorge gold project in the Tapajós region of Brazil are positive and with the company being one of the only near term gold exploration and development companies in Northern Brazil with access to power and with paved highway access, BGC has available infrastructure and human capital access to enter the mine development stage. These recent drill results revealed

4 metres (m) from 42m grading 1.77 grammes per tonne (g/t) gold and 4 m from 106 m @ 4.37 g/t is OK.

The current drill programme continues to intersect wide zones of alteration and gold mineralisation down dip and along strike of historic drilling. In particular a potential 1.5 kilometre strike extension is mooted from a recently discovered Induced Polarisation anomaly.Should this be confirmed through further drilling , the new strike will add significantly to the resource estimate.

An updated National Instrument 43-101 resource is expected in by Q2 2012. With a market capitalisation of C$33.0m and the company trading at a 52 week low (0.33c$), plus other risk mitigating advantages such as low cost ( cash production cost well below 800$ per ounce )open pit operational profile, planned for mine development and with a very strong and experienced board to take the company into production,
BGC is one of the few exploration plays that with its strong cash position is well equipped to be one of the few gold exploration plays in Brazil capable of entering production in the near term.