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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Brazilian Gold Corporation | TSXV:BGC | TSX Venture | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
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0.00 | 0.00% | 0 | - |
Brazilian Gold Corporation (TSXV: BGC) is pleased to announce drill results from the Phase Two drill program on its wholly owned Batistão project located approximately 30 km southwest of the town of Peixoto de Azevedo in Brazil’s northern Mato Grosso state. This region was the focus of a gold rush in the 1980’s where 5 million ounces of unofficial production, mostly from shallow alluvial and laterite workings, is reported to have taken place. The region benefits from excellent infrastructure including paved road access, electrical power and the availability of a local skilled workforce.
Highlights
Table 1: Batistão 2012 Phase One and Two drill intersections.
Hole ID Section From (m) To (m) Interval* Gold g/t Phase One Program BTD-001-12 4000E 125.15 180.00 54.85 0.41 includes 125.15 151.00 25.85 0.58 BTD-002-12 4200E 146.00 184.00 38.00 0.68 includes 146.00 163.64 17.64 0.86 BTD-003-12 3800E 69.00 112.00 43.00 1.10 includes 79.00 99.00 20.00 2.02 BTD-004-12 4000E 1.50 33.00 31.50 0.45 includes 4.50 14.00 9.50 0.92 Phase Two Program BTD-005-12 4100E 16.00 19.44 3.44 1.01 BTD-005-12 4100E 44.32 62.32 18.00 0.38 BTD-005-12 4100E 89.70 101.51 11.81 0.92 BTD-006-12 4100E 0.00 6.90 6.90 0.41 BTD-006-12 4100E 52.16 54.16 2.00 1.05 BTD-006-12 4100E 84.00 140.00 54.00 0.28 BTD-007-12 3900E 0.00 33.37 33.37 0.73 including 3900E 0.00 11.37 11.37 1.80 BTD-008-12 3900E 0.00 9.62 9.62 0.36 BTD-008-12 3900E 46.50 70.50 24.00 0.41 BTD-009-12 3700E 108.26 112.97 4.71 1.68 BTD-010-12 3700E 127.00 131.00 4.00 0.88 BTD-011-12 3600E no significant assays*Interval refers to drill hole intercepts.
The Phase One and Two diamond drill programs (1,655 m in 11 holes) tested below and between historic reverse circulation (RC) drill holes that were drilled on 200 m sections. The drill holes (BTD-001-12 to BTD-011-12) were drilled to the north or south at -55° or -60° on sections spaced 100 m apart. The eleven holes intersected similar tenor and widths of mineralization as historic RC holes from surface to 135 m vertically below surface over a strike length of 600 m.
The Batistão target was previously explored by a major Australian mining company from 1992 to 1995. The gold mineralization was discovered during a regional stream sediment program and was delineated by soil sampling, geophysics, auger drilling (109 holes in 762 m) and RC drill holes (24 holes in 1,287 m). The program outlined a west to northwest trending gold-in-soil anomaly that is over 2,000 m in length. Short RC holes tested 500 m of this strike length to a depth of approximately 50 m; the mineralized zone is up to 30 m thick and is open in all directions. Gold mineralization is associated with sericite-silica-sulphide altered granitic rocks; sulphide minerals include pyrite (
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