Brazil Resources Inc. Increases Indicated Resource by 77% to 786,737 Ounces Gold at 1.4 g/t and Inferred Resource by 184% to 628,035 Ounces Gold at 1.12 g/t at its Cachoeira Gold Project

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[{"type":"text","content":"\n\n\n\n\n\nVANCOUVER, March 4, 2013 /CNW/ - Brazil Resources Inc. (TSX-V: BRI; OTCQX: BRIZF) (  the \"Company\" or \"Brazil Resources\") is\n pleased to announce the results of a recently completed National\n Instrument 43-101 (\"NI 43-101\") mineral resource estimate, which was\n completed by Tetra Tech, Inc. (\"Tetra Tech\") on the Company's Cachoeira\n do Piria Gold Project, located in the Pará state, Brazil. The resource\n estimate has an effective date of March 1, 2013. Highlights include:\n\n\nIndicated Resource - 17,470,093 tonnes at 1.40 g/t gold (786,737\n ounces);\n\n\nInferred Resource - 15,666,580 tonnes at 1.12 g/t gold (628,035 ounces);\n\n\nThis new estimate represents a 77% increase in the indicated and a 184%\n increase in the inferred categories over the December 2010 Roscoe\n Postle Associates Inc. (\"RPA\") figures; and\n\n\nResource expansion drilling program to be initiated 2Q 2013.\n\n\nStephen Swatton, President and CEO, stated: \"This resource estimate from\n Tetra Tech, one of the world's leading mining consulting companies, is\n a milestone for the Company. We are currently reviewing all options to\n fully exploit the potential of the asset, including the possibility of\n developing multiple pits in addition to further exploration of the\n surrounding areas. The current drill spacing is approximately 60m,\n therefore the Company will embark on further tighter drilling with\n minimal cost to upgrade much of the inferred resource to the indicated\n resource category.\"\n\n\nThe Company recently signed a drilling contract with Servitec Foraco\n Sondagem S.A. and expects to commence an initial drill program at the\n Cachoeira Project in calendar Q2 2013, the size of which will be\n determined by the outcome of ongoing studies. The Company will also\n explore extensions of the currently known mineralized zones as in-house\n district wide studies intimate that mineralization may not only be\n constrained to the three zones identified on the property to date.\n\n\nThe difference in the total resources calculated by RPA and Tetra Tech\n is explained by the application of an in-pit design resource estimate\n incorporated in the technical report by RPA dated July 19, 2012 titled\n \"Techncial Report on the Cachoeira Project, Pará State, Brazil\" (the\n \"RPA Estimate\"). The preliminary Whittle p...

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