Brazilian Gold Corp BGC.TSX.V The fast track developer of large scale low cost open pit gold projects in Northern Brazil report significant gold grades at their Boa Vista Gold Project in Northern Brazil.
The results suggest BOA Vista has the potential to be a world-class low cost open pit large scale gold mine operation with what could be astonishing grades going through the planned process treatment facility. Boa Vista is supported by turn on ready infrastructure and has the potential to be in production over the near term. With grades like the ones just reported, Brazilian Gold Have Really Struck Gold!!!!!!!!!!!
HIGHLIGHTS
VGD-011-12 intersected 2.0 m grading 9.70 g/t and 1.5 m grading 10.7 g/t within an interval of 38.5 m grading 3.50 g/t gold; the 38.5 m interval is within a larger mineralized envelope of 97 m grading 1.72 g/t gold.
VGD-013-12 intersected 31.0 m grading 1.47 g/t gold within a larger mineralized envelope of 90.6 m grading 0.65 g/t gold.
VGD-011-12 and VGD-013-12 are located approximately 225 m and 420 m, respectively, southeast of previously reported drill hole VGD-001-11, which intersected 29.6 m grading 3.09 g/t and 13.58 m grading 2.80 g/t gold within a larger mineralized envelope of 102.3 m grading 1.43 g/t gold.
*The nine holes completed in this program at the VG1 target have intersected wide intervals of alteration and mineralization over a strike length of 600 m; mineralization is open down dip and along strike.
*The drill program has tested the eastern portion of the VG1 gold-in-soil anomaly (2,000 m long) and an additional 1,400 m of strike length remains to be tested by drilling.
*Near surface gold mineralization at the VG1 target has the potential to be mined by low cost open pit extraction.
*VG1 target represents one of several highly prospective gold targets identified on the Boa Vista project.
*Induced polarization (IP) survey (approx. 60 line km) has been completed and is currently being processed and interpreted.
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