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Brazil Resources Inc. Announces New Polymetallic Copper-Gold Discovery at the Artulândia Project in Goias State, Central Brazil

11.12.2012  |  CNW

  • Two high-grade gold, copper, lead, zinc, and silver mineralized zones discovered to date. Both zones extend east to west, and measure at least 2,000-meters by 250-meters. Five additional mineralized areas targeted for follow-up exploration. First pass analysis appears to suggest a zoning of metals.
  • Recent sampling (Trench 2), a continual 50m chip channel sample analyzed at 1m intervals returned 0.21% copper including 19m at 0.33% copper. In addition, two gold rich zones returned 16m at 0.41 g/t gold and 9m at 0.45 g/t gold.
  • Trenching over geophysical induced polarization (IP) anomalies confirms the close relationship between surface rock samples, soil geochemistry and geophysics.
  • Initial diamond drilling program planned near-term.

VANCOUVER, Dec. 11, 2012 /CNW/ - Brazil Resources Inc. (the "Company" or "Brazil Resources") (TSX-V: BRI OTCQX: BRIZF) is pleased to announce trench and rock samples results from the ongoing exploration program at its Artulândia project (the "Project"). The 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. The Project has excellent infrastructure and is a three hour drive west of Brasilia, the capital city of Brazil.

Click here to view Figure 1 - Artulândia location map, with nearby mineral deposits

Stephen Swatton, President and CEO, stated, "The geological team believes that we may be delineating a significant new polymetallic discovery within the Pireneus mineral belt.  Mineralization is extensive and has expanded with these recent results. We're excited to start drilling this new project."

In its news release dated September 6, 2012, Brazil Resources announced geophysical and geochemical results that led to the identification of the first mineralized copper-gold zone of approximately 1,000-meters by 250-meters, open in all directions. The true width of the mineralization has not yet been determined. Elevated 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 were previously reported on the southern target, known as Alvo South.

Following up from the previous work, two trenches have been exposed and sampled at Alvo South. The trenches intersected fresh rock beneath a thin approximately 1m soil covered zone. Samples yielded anomalous results of up to 0.8% copper, 1 g/t gold, >1% zinc, >1% lead and 70 g/t silver (five different samples) and thus, confirm that the mineralized zone is coincident with the soil anomalous zones and geophysical anomalous targets, and seems closely related to volcanic rocks.

Click here to view Figure 2 - Location and trench map superimposed on soil geochemistry data

Recent rock samples were collected at the northern target, known as Alvo North, 3.5 km northeast of Alvo South to investigate previously identified soil geochemical anomalies. The rock samples returned high grade values , including 0.31% copper, 1.3 g/t gold, 13.8% zinc, 2.17% lead and 301 g/t silver (from five separate samples), defining a new mineralized trend which remains open to the west. From the rock sampling to date Alvo North appears to be more base metal rich than Alvo south and the results may be indicating a general zoning of metals but the fieldwork is still at an early stage.

The Company is planning a diamond drill program to investigate these findings in 2013.

Artulândia Trench Sample and Assay Data
Sample #
 
Sample
Type
Sample
Location
Field
Lithology
Copper %
 
Lead %
 
Zinc %
 
Gold
ppb
Silver
ppm
12283Horizontal Channel - 1mTRENCH 2Gneissic rock0.060.010.20-12
12284Horizontal Channel - 1mTRENCH 2Gneissic rock0.050.020.13-12
12285Horizontal Channel - 1mTRENCH 2Gneissic rock0.060.060.12-12
12286Horizontal Channel - 1mTRENCH 2Gneissic rock0.040.070.08-11
12287Horizontal Channel - 1mTRENCH 2Gneissic rock0.050.200.06406
12288Horizontal Channel - 1mTRENCH 2Intrusive0.130.340.165520
12289Horizontal Channel - 1mTRENCH 2Meta Volcanic0.150.160.133630
12290Horizontal Channel - 1mTRENCH 2Intrusive0.070.090.23-17
12291Horizontal Channel - 1mTRENCH 2Meta Volcanic0.080.070.4467
12292Horizontal Channel - 1mTRENCH 2Meta Volcanic0.130.071.20527
12293Horizontal Channel - 1mTRENCH 2Meta Volcanic0.050.030.24-19
12294Horizontal Channel - 1mTRENCH 2Meta Volcanic0.040.020.21-13
12295Horizontal Channel - 1mTRENCH 2Meta Volcanic0.040.040.14-15
12296Horizontal Channel - 1mTRENCH 2Meta Volcanic0.050.050.12-13
12297Horizontal Channel - 1mTRENCH 2Meta Volcanic0.090.120.15128
12298Horizontal Channel - 1mTRENCH 2Meta Volcanic0.100.220.051104
12299Horizontal Channel - 1mTRENCH 2Hydrothermal rock0.290.730.1618021
12300Horizontal Channel - 1mTRENCH 2Hydrothermal rock0.160.670.1238011
12301Horizontal Channel - 1mTRENCH 2Hydrothermal rock0.070.930.043383
12302Horizontal Channel - 1mTRENCH 2Hydrothermal rock0.090.570.044564
12303Horizontal Channel - 1mTRENCH 2Hydrothermal rock0.191.360.0910517
12304Horizontal Channel - 1mTRENCH 2Hydrothermal rock0.140.630.085296
12305Horizontal Channel - 1mTRENCH 2Hydrothermal rock0.090.310.061586
12306Horizontal Channel - 1mTRENCH 2Hydrothermal rock0.110.730.096557
12307Horizontal Channel - 1mTRENCH 2Hydrothermal rock0.380.750.6939114
12308Horizontal Channel - 1mTRENCH 2Meta Volcanic0.280.090.44386
12309Horizontal Channel - 1mTRENCH 2Meta Volcanic0.280.100.494411
12310Horizontal Channel - 1mTRENCH 2Meta Volcanic0.200.160.20459
12311Horizontal Channel - 1mTRENCH 2Meta Volcanic0.070.030.08235
12312Horizontal Channel - 1mTRENCH 2Meta Volcanic0.080.050.08141
12313Horizontal Channel - 1mTRENCH 2Meta Volcanic0.070.120.07212
12314Horizontal Channel - 1mTRENCH 2Meta Volcanic0.060.100.089<1
12315Horizontal Channel - 1mTRENCH 2Meta Volcanic0.110.080.1091
12316Horizontal Channel - 1mTRENCH 2Meta Volcanic0.170.180.15282
12317Horizontal Channel - 1mTRENCH 2Meta Volcanic0.100.150.10271
12318Horizontal Channel - 1mTRENCH 2Quartz breccia0.170.200.07312
12319Horizontal Channel - 1mTRENCH 2Quartz breccia0.250.360.09404
12320Horizontal Channel - 1mTRENCH 2Quartz breccia0.330.760.191707
12321Horizontal Channel - 1mTRENCH 2Quartz breccia0.341.740.1796337
12322Horizontal Channel - 1mTRENCH 2Hydrothermal rock0.502.250.4368032
12323Horizontal Channel - 1mTRENCH 2Hydrothermal rock0.631.530.4237032
12324Horizontal Channel - 1mTRENCH 2Hydrothermal rock0.533.280.4341113
12325Horizontal Channel - 1mTRENCH 2Colluvium Soil0.331.660.233147
12326Horizontal Channel - 1mTRENCH 2Hydrothermal rock0.091.480.2321035
12327Horizontal Channel - 1mTRENCH 2Hydrothermal rock0.081.530.1459464
12328Horizontal Channel - 1mTRENCH 2Hydrothermal rock0.081.150.126836
12329Horizontal Channel - 1mTRENCH 2Hydrothermal rock0.481.720.5631515
12330Horizontal Channel - 1mTRENCH 2Hydrothermal rock0.252.120.2721713
12331Horizontal Channel - 1mTRENCH 2Hydrothermal rock0.413.100.4133410
12332Horizontal Channel - 1mTRENCH 2Hydrothermal rock0.512.580.1739316
12333Horizontal Channel - 1mTRENCH 2Hydrothermal rock0.262.090.1359546
12334Horizontal Channel - 1mTRENCH 2Hydrothermal rock0.250.890.1724118
12335Horizontal Channel - 1mTRENCH 2Hydrothermal rock0.501.900.2367969
12336Horizontal Channel - 1mTRENCH 2Hydrothermal rock0.380.860.2832114
12337Horizontal Channel - 1mTRENCH 2Hydrothermal rock0.240.640.204415
12338Horizontal Channel - 1mTRENCH 2Hydrothermal rock0.070.210.06369
12339Horizontal Channel - 1mTRENCH 2Hydrothermal rock0.040.110.12221
12340Horizontal Channel - 1mTRENCH 2Gneissic rock0.020.060.0814<1
12341Horizontal Channel - 1mTRENCH 2Colluvium Soil0.010.050.056<1
12342Horizontal Channel - 1mTRENCH 2Quartz breccia0.010.040.036<1
12343Horizontal Channel - 1mTRENCH 2Intrusive0.010.040.05-1<1
12344Horizontal Channel - 1mTRENCH 2Meta Volcanic0.020.100.039<1
12345Vertical Channel - 01 = 1,00 mTRENCH 2Colluvium Soil0.070.110.043711
12346Vertical Channel - 01 = 0,15 mTRENCH 2Meta Volcanic0.000.010.00-121
12347Vertical Channel - 01 = 1,30 mTRENCH 2Meta Volcanic0.040.140.06579
12348Vertical Channel - 01 = 0,40 mTRENCH 2Colluvium Soil0.220.310.4014265
12349Vertical Channel - 02 = 0,90 mTRENCH 2Meta Volcanic0.130.210.123217
12350Vertical Channel - 02 = 1,00 mTRENCH 2Intrusive0.100.190.402234
12351Vertical Channel - 02 = 0,95 mTRENCH 2Meta Volcanic0.120.070.431022
12352Vertical Channel - 03 = 1,20  mTRENCH 2Colluvium Soil0.110.240.09357
12353Vertical Channel - 03 = 0,25  mTRENCH 2Hydrothermal rock0.060.140.0410822
12354Vertical Channel - 03 = 0,35  mTRENCH 2Colluvium Soil0.040.080.03154
12355Vertical Channel - 03 = 1,20  mTRENCH 2Meta Volcanic0.100.130.181412
12356Vertical Channel - 04 = 1,50  mTRENCH 2Hydrothermal rock0.140.590.082358
12357Vertical Channel - 04 = 0,95  mTRENCH 2Colluvium Soil0.100.770.053526
12358Vertical Channel - 05 = 1,00 mTRENCH 2Meta Vulcânica0.140.230.065513
12359Vertical Channel - 05 = 0,75  mTRENCH 2Meta Vulcânica0.320.050.64397
12360Vertical Channel - 05 = 0,80  mTRENCH 2Colluvium Soil0.371.460.4371513
12361Vertical Channel - 06 = 0,40  mTRENCH 2Meta Volcanic0.070.170.03163
12362Vertical Channel - 06 = 1,15  mTRENCH 2Meta Volcanic0.110.150.04225
12363Vertical Channel - 06 = 1,15  mTRENCH 2Colluvium Soil0.080.030.07103
12364Vertical Channel - 07 = 0,80  mTRENCH 2Meta Volcanic0.180.440.06485
12365Vertical Channel - 07 = 0,50  mTRENCH 2Quartz breccia0.140.240.10403
12366Vertical Channel - 07 = 0,50  mTRENCH 2Hydrothermal rock0.120.140.1393
12367Vertical Channel - 08 = 0,40  mTRENCH 2Colluvium0.110.400.04522
12368Vertical Channel - 08 = 0,50  mTRENCH 2Hydrothermal rock0.140.390.05513
12369Vertical Channel - 08 = 0,80  mTRENCH 2Hydrothermal rock0.150.250.05476
12370Vertical Channel - 08 = 0,50  mTRENCH 2Soil0.230.370.08697
12371Vertical Channel - 09 = 1,20  mTRENCH 2Hydrothermal rock0.221.430.193119
12372Vertical Channel - 09 = 0,70  mTRENCH 2Hydrothermal rock0.331.860.1054770
12373Vertical Channel - 09 = 0,70  mTRENCH 2Colluvium Soil0.821.810.6187161
12374Vertical Channel - 10 = 0,30  mTRENCH 2Hydrothermal rock0.180.920.1127910
12375Vertical Channel - 10 = 1,10  mTRENCH 2Hydrothermal rock0.301.440.0643929
12376Vertical Channel - 10 = 1,10  mTRENCH 2Colluvium Soil0.542.660.1420015
12377Vertical Channel - 11 = 0,80  mTRENCH 2Gneissic rock0.190.680.101728
12378Vertical Channel - 11 = 0,80  mTRENCH 2Hydrothermal rock0.300.530.2428813
12379Vertical Channel - 11 = 0,80  mTRENCH 2Hydrothermal rock0.220.530.1515515
12380Vertical Channel - 12 = 0,80  mTRENCH 2Colluvium Soil0.010.050.0430<1
12381Vertical Channel - 12 = 0,80  mTRENCH 2Gneissic rock0.040.170.04141



About Brazil Resources Inc. 

Brazil Resources is a public mineral exploration company with a focus on the acquisition and development of projects in emerging producing gold districts in Brazil, Paraguay and other parts of South America. Currently, the Company is advancing its Cachoeira, Montes Áureos, Trinta and Maua Gold Projects located in the Gurupi Gold Belt in the state of Maranhão, northeastern Brazil, and its Artulandia Copper-Gold Project in central Brazil.

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.

Brazil Resources operates QA/QC controls of sampling and analytical procedures.  For all methods of geochemical sampling, duplicates are inserted in the sample batches with one duplicate for every ten samples.  Samples from the Artulândia project are transported by 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

 

Stephen Swatton or Patrick Obara
Telephone: (855) 630-1001
info@brazilresources.com

SOURCE Brazil Resources Inc.

Stephen Swatton or Patrick Obara
Telephone: (855) 630-1001
info@brazilresources.com


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