São Jorge is Brazilian Gold’s most advance stage project. 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).
The project has established infrastructure including road access and hydro electrical power.
The focus of the 2011 / 2012 exploration program will be to expand the existing São Jorge resource and identify new areas of mineralization on this large, unexplored property,
Recent drilling results shwed the existence of further mineralization and that the São Jorge resource would likely extend beyond its currently confirmed mineral resource estimate. The latest results showed significant gold intersections including:
SJD-096-11: 1.77 g/t over 4 m (42 to 46 m) and 4.37 g/t over 4 m (106 to 110 m),
SJD-097-11: 1.24 g/t over 54 m (187 to 241 m),
SJD-101-11: 1.79 g/t over 16 m (38 to 54 m) and 1.84 g/t over 8 m (74 to 82 m),
SJD-102-11: 1.21 g/t over 14 m (130 to 144 m), and
SJD-103-11: 2.28 g/t over 11 m (130 to 144 m)
Monday 2 January 2012
BGC:TSX,V Brazilian Gold Corporation, stock advances 20% on heavy buying
Brazilian Gold Corporation BGC:TSXV, the fast track developer of large scale gold projects in northern Brazil sees its share price rise by 20% on heavy buying as investors are buoyed by the recent positive drill resorts that have the potential to confirm a significant resource extension at the flagship Sao Jorge project.
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