DGAP-News: Brazil Resources Inc. Brazil Resources Inc. Identifies Large Copper-Gold Mineralized Zone at Artulândia Project in Goias State, Central Brazil
(firmenpresse) - DGAP-News: Brazil Resources Inc. / Key word(s): Drilling Result
Brazil Resources Inc. Brazil Resources Inc. Identifies Large
Copper-Gold Mineralized Zone at Artulândia Project in Goias State,
Central Brazil
06.09.2012 / 16:22
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Vancouver, British Columbia - Brazil Resources Inc. (the 'Company' or
'Brazil Resources') (TSX-V: BRI; OTCQX: BRIZF, Frankfurt: BSR) is pleased
to announce that recent rock sampling, geophysical and soil geochemical
surveys at its Artulândia project have identified an anomalous copper gold
zone of approximately 1,000m by 250m, which is open in all directions. The
Artulândia project covers 12,000 acres within the Company's 247,000 acre
Pireneus district and is located in Goias state, one of the most prolific
mining districts in Brazil.
Stephen Swatton, President and CEO, stated, 'Our geological team believes
Artulândia has the potential to be a significant discovery, made with a
modest budget in an area that has not had previous mining or exploration
activity. Based on preliminary exploration data, similarities are being
drawn with Yamana's Chapada Copper-Gold Mine to the north. However, we
acknowledge that the Artulândia project is in the early stages of
exploration and, therefore, more work, including drilling, needs to be done
to fully realize and understand this project.'
Highlights from the new results obtained at Artulândia include:
* Target ART-1; Further follow-up work completed on target area ART-1 has
confirmed new mineralized outcrops, with increased copper values of up to
0.81%, gold values of up to 2.3 g/t and silver values of up to 344 g/t,
plus additional anomalies of lead-zinc. A geophysical survey has identified
a main IP anomaly trending along strike for approximately 400m, which
coincides with the geochemically defined gold-copper zone identified by
previous soil and rock chip sampling. ART-1 is considered a priority, and
the next phase of exploration is expected to include diamond drilling of
this target. Geochemical sampling indicates that the mineralization
extends for an additional 600m to the east of the main IP anomaly (Targets
ART-2 and ART-3).
* Target ART-5; A new zone located approximately 750m NE of ART-1 has been
discovered comprising gossans trending along strike for approximately 700m.
These gossans are similar to those found at target area ART-1. A total of
50 rock geochemical samples have been collected from target area ART-5 and
sent to the laboratory to confirm the presence of mineralization.
In its news release dated April 26, 2012, Brazil Resources announced the
first results of a geochemical sampling program at Artulândia and
identified eight target areas (ART-1 to ART-8) with elevated copper, gold,
lead and zinc values surrounding a large intrusive granitoid with rock grab
sample results of up to 1.2 g/t gold, 0.7% copper and greater than 2%
lead-zinc in separate samples.
Since May 2012, follow-up geochemical sampling and detailed geological
mapping programs have been completed on target areas ART-1 and ART- 5. In
addition a geophysical IP/Mag ground survey has been completed and a
trenching program has been initiated at ART-1. To date, assay results are
available for a total of 603 rock grab samples, 1,581 soilsamples and 62
stream sediment collected from target areas ART-1 and ART-5.
Based on petrographic and detailed geochemical and geophysical data
interpretation, Company geologists believe the geology at Artulândia may be
a porphyry copper deposit.
Therefore comparisons are being drawn with the Chapada Mine operated by
Yamana Gold, which is located approximately 140 km north of the Artulândia
project. Chapada produced 135,000 oz of gold and 166 million pounds of
copper in 2011 as publicly disclosed by Yamana. Readers should be aware
that the comparison to Chapada contained herein is based on preliminary
exploration by the Company to date and substantial additional exploration
is required to define the extension, continuity and geology of the
mineralized zones at Artulândia, which does not currently have any defined
resources, and, therefore, the results at Chapada are not necessarily
indicative of the potential of the Artulândia project.
The geophysical survey was performed by Fugro Geophysics, and processed by
Reconsult Geofísica. The IP-resistivity survey comprised 7.65 line kms, and
the magnetics survey comprised 23.35 line kms. The grid lines were oriented
north-south and each line was 100 meters apart.
Future Work:
The Company plans to further its exploration efforts on all the remaining
targets. A diamond drill program to investigate Target 1, and possibly
Targets 2 and 3, is currently under consideration. Targets ART-4, ART-5
and ART-6 have been outlined by the recent geophysical survey and will be
investigated by additional rock sampling and mapping. The current
geochemical/geophysical results only represent the investigation of two
targets (ART-1 and ART-5) of the eight geochemical targets initially
identified by the Company.
TABLE 1 - Anomalous Rock Samples Results for Cu-Au-Zn-Pb-Ag at Artulândia
Project as of August 31, 2012
Sample Lithology Cu (ppm) Au (ppb) Zn (ppm) Pb (ppm) Ag (ppm)
11904 Gossan 8123 513 2512 8047 5
11161 Vulcanic 7116 79 781 42000 147
11907 Gossan 6991 2329 6551>10000 344
11145 Gossan 6813 129 2152 1907 -1
11144 Gossan 6628 335 2538 1375 18
11141 Gossan 6350 1250 4075 747 13
11848 Gossan 4897 128 1212 1248 15
11834 Gossan 4182 84 697 695 8
11847 Gossan 4126 210 894 1737 198
11829 Gossan 3872 1646 1372 1620 19
11905 Gossan 3728 792 3453 5885 12
11444 Laterite 3623 97 1482 1619 9
11919 Gossan 3458 247 1965 1011 13
11906 Gossan 3421 364 3093 5003 10
11469 Vulcanic 3329 31 35300 3900 16
11897 Breccia 3315 768 1194 2287 10
11835 Gossan 3275 36 668 630 -1
3001 Quartz Vein 2946 154 1652 802 -1
11928 Gossan 2914 116 1836 1072 -1
11895 Breccia 2892 219 1239 3219 1
11925 Gossan 2828 198 2751 1018 -1
11828 Gossan 2762 46 828 802 -1
11927 Gossan 2636 170 3547 5321 -1
11933 Gossan 2630 199 1979 967 16
11931 Gossan 2591 176 2324 502 4
11924 Gossan 2460 99 2529 1346 -1
11912 Gossan 2373 262 1843 1367 1
11930 Gossan 2340 295 2059 470 8
11900 Breccia 2332 495 522 1729 6
11923 Gossan 2297 148 1392 1182 -1
11898 Breccia 2274 406 892 1761 5
11914 Gossan 2272 1149 2092 854 -1
11899 Breccia 2261 556 713 1544 4
11929 Gossan 2257 61 1430 1311 -1
11932 Gossan 2152 76 1828 534 5
11911 Gossan 2146 186 1336 805 -1
11910 Gossan 2142 148 1160 829 -1
1191 Laterite 2075 1168 1078 1547 -1
11467 Quartzite 1908 71 1213 4302 6
11934 Gossan 1884 32 2326 411 123
11120 Quartzite 1874 61 4203 553 7
11922 Gossan 1868 109 857 1390 -1
11926 Gossan 1847 122 1895 874 19
11121 Vulcanic 1787 138 856 5456 11
11921 Gossan 1774 81 1659 1369 -1
11844 Gossan 1711 32 693 919 -1
11167 Vulcanic 1620 49 1233 688 -1
11896 Breccia 1604 316 549 1670 4
11833 Gossan 1568 41 1172 483 -1
About Brazil Resources Inc.
Brazil Resources is a publicly listed mineral exploration company with a
focus on the acquisition and development of projects in emerging producing
gold districts in Brazil and other parts of South America. Currently, the
Company is advancing its MontesÁureos, Trinta and Maua Gold Projects
located in the Gurupi Gold Belt in the state of Maranhão in northeastern
Brazil, and its Pireneus Gold Project in Goias State, in central Brazil.
Brazil Resources is also seeking to acquire and develop additional gold
properties within Brazil and other locations in South America.
For further information, please contact:
Patrick Obara
Telephone: +1 (855) 630-1001
info(at)brazilresources.com
Note Regarding Scientific and Technical Information
Paulo Pereira, the Company's Vice President of Exploration has supervised
the preparation of and reviewed the technical information and verified the
data contained in this document. Mr. Pereira holds a Bachelor degree in
Geology from Universidade do Amazonas in Brazil, is a qualified person as
defined in National Instrument 43-101 and is a member of the Association of
Professional Geoscientists of Ontario.
The reconnaissance sampling at the Artulândia project was performed using
stream sediment sampling to cover the entire area of the claim block.
Streams sediment samples were collected using 10 liters constant volume
samples and the collected material was panned in the field for gold color
counts. Follow-up sampling was completed on anomalous areas defined by the
results of the stream sediment sampling. Soil samples were collected on
regular grids (200m x 50m) at 0.30 m depth. The material excavated in each
soil sampling location was homogenized and a 2 kg representative sample was
collected. Rock samples (hand-specimen size) were collected during
geological mapping over the entire area and on target area ART-1 rock
samples were collected over regular grid (100m x 25m) and on representative
mineralized outcrops.
Brazil Resources operates QA/QC controls of sampling and analytical
procedures. For geochemical sampling (stream sediment, soil, rock)
duplicates are inserted in the sample batches at a reason of one duplicate
for every ten samples. Samples from the Artulândia project are transported
by the company staff from the project by road to SGS-Geosol Labs in
Goiania, Goias for preparation and pulps are sent to SGS-Geosol Labs in
Vespasiano, Minas Gerais, Brazil in secured and sealed sample bags for
analysis. Samples are assayed by the lab for gold using a 50 gram fire
assay with AAS finish and ICP for 37 elements.
Forward Looking Statements
This document contains certain forward-looking statements that reflect the
current views and/or expectations of the Company with respect to its
performance, business and future events, including statements regarding the
Company's beliefs regarding future exploration of the Artulândia project
and exploration plans in respect of its projects. Forward-looking
statements are based on the then-current expectations, beliefs,
assumptions, estimates and forecasts about the business and the markets in
which the Company operates, including that: the current price of and demand
for minerals being targeted by the Company will be sustained or will
improve; the Company's current exploration programs and objectives can be
achieved; financing will be available if and when needed on reasonable
terms; and the Company will be able to identify and acquire additional
mineral interests on reasonable terms or at all. Investors are cautioned
that all forward-looking statements involve risks and uncertainties,
including: that the Company has a limited operating history; that resource
exploration and development is a speculative business; that the Company may
lose or abandon its property interests; that the Company's properties are
in the exploration stage and without known bodies of commercial ore; that
the Company may not be able to obtain all necessary permits and approvals
on any of its properties; that environmental laws and regulations may
become more onerous; that the Company may not be able to raise additional
funds when necessary; potential defects in title to the Company's
properties; fluctuations in currency exchange rates; fluctuating prices of
commodities; operating hazards and risks; potential inability to find
suitable acquisition opportunities and/or complete the same and other
factors listed in the Company's public filings, including its Management's
Discussion and Analysis for the year ended November 30, 2011. These risks,
as well as others, could cause actual results and events to vary
significantly. Accordingly, readers should not place undue reliance on
forward-looking statements and information. There can be no assurance that
forward-looking information, or the material factors or assumptions used to
develop such forward looking information, will prove to be accurate. The
Company does not undertake any obligations to release publicly any
revisions for updating any voluntary forward-looking statements, except as
required by applicable securities law.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as
that term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this news release.
End of Corporate News
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Datum: 06.09.2012 - 16:22 Uhr
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