Brazil Resources Inc. (TSXV:BRI) reported the NI 43-101 resource estimates for the following projects in Brazil: São Jorge, Boa Vista and Surubim Gold Projects.
As quoted in the press release:
- The resource estimates confirm previously disclosed calculations completed by independent consultants for Brazilian Gold Corporation prior to the acquisition of the properties by Brazil Resources.
- São Jorge Project – Indicated mineral resource of 14.42 Mt grading 1.54 g/t gold (715,000 oz gold) and an inferred mineral resource of 28.19 Mt grading 1.14 g/t gold (1,035,000 oz gold) at a cut-off grade of 0.3 g/t.
- Boa Vista Project (VG1 Deposit) – Inferred mineral resource of 8.47 Mt grading 1.23 g/t gold (336,000 ounces) at a 0.5 g/t cut-off for the VG1 deposit.
- Surubim Project – Inferred mineral resource of 19.44 Mt grading 0.81 g/t gold (503,000 ounces gold) at a cut-off grade of 0.3 g/t gold.