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Brazil Resources Inc. Reports NI 43-101 Resource Estimates for its Recently Acquired São Jorge, Boa Vista and Surubim Gold Projects
Highlights The resource estimates confirm previously disclosed calculations comple...
About this update from Goldmining Inc.
[{"type":"text","content":"\n\n\nHighlights \n\n\n\nThe resource estimates confirm previously disclosed calculations\n completed by independent consultants for Brazilian Gold Corporation\n prior to the acquisition of the properties by Brazil Resources.\n\n\nSão Jorge Project - Indicated mineral resource of 14.42 Mt grading 1.54\n g/t gold (715,000 oz gold) and an inferred mineral resource of 28.19 Mt\n grading 1.14 g/t gold (1,035,000 oz gold) at a cut-off grade of 0.3\n g/t.\n\n\nBoa Vista Project (VG1 Deposit) - Inferred mineral resource of 8.47 Mt\n grading 1.23 g/t gold (336,000 ounces) at a 0.5 g/t cut-off for the VG1\n deposit.\n\n\nSurubim Project - Inferred mineral resource of 19.44 Mt grading 0.81 g/t\n gold (503,000 ounces gold) at a cut-off grade of 0.3 g/t gold.\n\n\n\nVANCOUVER, Jan. 21, 2014 /CNW/ - Brazil Resources Inc. (the \"Company\" or\n \"Brazil Resources\") (TSX-V: BRI; OTCQX: BRIZF) is pleased to announce\n that it has received National Instrument 43-101 (\"NI 43-101\") resource\n estimates for each of its São Jorge, Boa Vista and Surubim Gold\n Projects located in Pará State, Brazil. The projects were acquired by\n Brazil Resources through its acquisition of Brazilian Gold Corporation\n (\"BGC\") in November 2013. The resource estimates confirm the historical\n estimates completed by BGC as disclosed by the Company in its press\n release dated November 22, 2013.\n\n\nSão Jorge Gold Project \n\n\nBrazil Resources engaged Coffey Mining Pty Ltd. (\"Coffey\") to prepare an\n NI 43-101 resource estimate on the São Jorge Project (the \"São Jorge\n Estimate\"). The São Jorge Estimate has an effective date of November\n 22, 2013 and provides the following estimates for the project (oxide\n and primary mineralization) at various cut-off grades (the oxide\n resource comprises a small part (approximately 9%) of the overall\n resource):\n\n\n\n\nSão Jorge Gold Project \nMineral Resource Estimates Summary\n\n\n\n\n \n\n\nLower Cutoff Grade\n\n\nMillion Tonnes\n\n\nAverage Grade\n\n\nContained Gold\n(Kozs)\n\n\n\n\n(g/t Au)\n\n\n(g/t Au)\n\n\n\n\nIndicated Mineral Resource\n\n\n0.3\n\n\n14.42\n\n\n1.54\n\n\n715\n\n\n\n\n0.4\n\n\n12.15\n\n\n1.77\n\n\n690\n\n\n\n\n0.5\n\n\n10.49\n\n\n1.97\n\n\n666\n\n\n\n\nInferred Mineral Resource\n\n\n0.3\n\n\n28.19\n\n\n1.14\n\n\n1,035\n\n\n\n\n0.4\n\n\n22.43\n\n\n1.3...