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Brazil Resources announces completion of Geophysical Survey on its Rea Uranium Project, Western Athabasca Basin
Brazil Resources announces completion of Geophysical Survey on its Rea Uranium Project, We...
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[{"type":"text","content":"\n\n\n\nBrazil Resources announces completion of Geophysical Survey on its Rea Uranium Project, Western Athabasca Basin\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nBrazil Resources announces completion of Geophysical Survey on its Rea Uranium Project, Western Athabasca Basin\nCanada NewsWire\nVANCOUVER, April 5, 2016\n\n\n\n\n\n\nHighlights:\n\n\nPreliminary ground Time Domain Electromagnetic (\"TDEM\") results confirm and further delineate the presence of a high-priority airborne electromagnetic conductor at the Rea Project. \nThe conductor is located two kilometres west of AREVA Resources Canada Inc.ꞌs high-grade Maybelle River Uranium Project. \nThe ground TDEM conductor is sub-parallel to and likely related to the Maybelle River Shear Zone.  \nThe Rea Project is one of the largest landholdings in the Western Athabasca Basin, a region that has experienced a surge in exploration activity with the recent discoveries and announcement of large, near surface, high-grade, basement hosted uranium resources by NexGen Energy Ltd. and Fission Uranium Corp.\n\n\n\nVANCOUVER, April 5, 2016 /CNW/ - Brazil Resources Inc. (\"Brazil Resources\", or \"the Company\") (TSX-V: BRI; OTCQX: BRIZF) is pleased to announce the recent completion and results of a Time Domain Electromagnetic (\"TDEM\") ground survey on its Rea Uranium Project (\"Rea Project\"). The Rea Project is owned by Brazil Resources (75%) and AREVA Resources Canada Limited (25%, \"AREVA\") and is located in the Western Athabasca Basin of Northeastern Alberta.\n\nGarnet Dawson, Chief Executive Officer of Brazil Resources, commented: \"The 2016 geophysical program confirmed and refined a high priority target for follow-up drill testing. This target as well as several other high priority anomalies have been identified on the Rea Project and will be the focus of a future drill program. The recent success by Fission and NexGen along the Patterson Lake Corridor points to the potential for large, near surface, basement hosted deposits in this under-explored region of the Western Athabasca Basin\".  \n\nThe gr...