Tuesday, 5 June 2012

Brazilian Gold Corp BGC.TSXV Secures Impressive 43-101


Brazilian Gold Gets a Boost in Resources with an Encouraging Initial 43-101 Estimate at Jau
Brazilian Gold announced an initial NI 43-101 resource estimate of 503 koz at the Jau target contained within the Company’s 100% owned Surubim project, bringing the Company’s global resource profile to 1.44 MMoz (Exhibit 1). The Jau resource is contained within a 70m wide mineralized zone trending E-W over a 700m strike length and to a depth of 250m, remaining open at depth and to the west. We highlight that Jau is the most advanced of four targets contained within the Surubim group, which collectively present an opportunity for a near-surface open-pit bulk mining and centralized processing scenario with reduced costs as a result of the minimal amount of drilling and blasting required. We see the current resource reaching 2.5 MMoz within the next 12-18 months with growth coming from Sao Jorge and Boa Vista.

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