Brazilian Gold Corp BGC.TSX.V Shares Advance 15% on Heavy Buying

Brazilian Gold Corp BGC.TSX.V shares advance 15% Tuesday as the company begins to advance its flagship Sao Jorge gold project in Northern Brazil. BGC shares had been caught in a market sell off in Toronto where investor appetite for exploration stage stocks had pretty much dried up. With a PEA on Sao Jorge and where the possibility of an upwardly revised resource estimate is due this year, BGC is now being recognised by investors as a company that is in the transition stage and in the case of Sao Jorge moving into a development scenario with an element of exploration risk now being taken out of the company. We would expect the BGC share rally to continue in line with the progress the company is making on Sao Jorge's development.