Brazilian Gold Identifies Thick Intervals of Near Surface Oxide Gold Mineralization at the Surubim Project, Brazil
Brazilian Gold Corporation (TSXV: BGC) is pleased to report thick intervals of near surface oxide mineralization in 2011 and historic drill holes at the Surubim project, Brazil. Surubim is a road accessible exploration project located approximately 75 km southwest of the Company's flagship São Jorge project.
Highlights
Brazilian Gold Corporation (TSXV: BGC) is pleased to report thick intervals of near surface oxide mineralization in 2011 and historic drill holes at the Surubim project, Brazil. Surubim is a road accessible exploration project located approximately 75 km southwest of the Company's flagship São Jorge project.
Highlights
* Oxide intersections at Patoa:
- 88.39 m grading 2.00 g/t gold (DD06SB04),
- 34.26 m grading 2.60 g/t gold (DD06SB18),
- 101.08 m grading 0.52 g/t gold (DD06SB20),
- 26.4 m grading 0.56 g/t gold (PAD-003-11), and
- 88.4 m grading 0.52 g/t gold (PAD-004-11).
* Oxide intersection at Colonia:
- 58.10 m grading 1.57 g/t gold (DD07SB25)
* Oxide intersection at Tucunare:
- 34.96 m grading 0.53 g/t gold (DD05SB11).
* Potential for near surface, rip able oxide resource requiring little to no drilling and blasting.
* Potential for low cost, bulk mining and processing.
Ian Stalker, CEO of Brazilian Gold, commented "The Company is extremely encouraged by the thick intervals of near surface oxide gold mineralization as well as the deeper primary gold mineralization intersected on the Surubim Project. The potential to add significant ounces that could quick ly be brought into production requiring a small amount of capital and at a low operating cost makes for a compelling story. To this end, a drill program to determine the lateral continuity along and across the strike of this laterite hosted gold mineralization is planned for 2012".
- 88.39 m grading 2.00 g/t gold (DD06SB04),
- 34.26 m grading 2.60 g/t gold (DD06SB18),
- 101.08 m grading 0.52 g/t gold (DD06SB20),
- 26.4 m grading 0.56 g/t gold (PAD-003-11), and
- 88.4 m grading 0.52 g/t gold (PAD-004-11).
* Oxide intersection at Colonia:
- 58.10 m grading 1.57 g/t gold (DD07SB25)
* Oxide intersection at Tucunare:
- 34.96 m grading 0.53 g/t gold (DD05SB11).
* Potential for near surface, rip able oxide resource requiring little to no drilling and blasting.
* Potential for low cost, bulk mining and processing.
Ian Stalker, CEO of Brazilian Gold, commented "The Company is extremely encouraged by the thick intervals of near surface oxide gold mineralization as well as the deeper primary gold mineralization intersected on the Surubim Project. The potential to add significant ounces that could quick ly be brought into production requiring a small amount of capital and at a low operating cost makes for a compelling story. To this end, a drill program to determine the lateral continuity along and across the strike of this laterite hosted gold mineralization is planned for 2012".
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