Brazauro to Explore Two New Projects in the Tapajos Region of Brazil.HOUSTON -- Brazauro Resources Corporation (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension VENTURE:BZO BZO Bolzano, Italy (airport code) BZO Battle Sight Zero (military; rifle sight setting) ) has acquired interests in two new gold properties in the Tapajos region of Brazil known as Sucuri and Crepori. The Company is embarking on an extensive exploration program to follow up on promising results from initial exploration activities at both properties. Sucuri Exploration crews are currently building a semi-permanent camp and conducting grid geochemical sampling. Brazauro has signed an option-to-purchase agreement with the owner of the exploration license covering 5,400 hectares. Brazauro has applied to the Brazilian authorities for an additional exploration license covering 4,860 hectares. The Sucuri property is located at the southern reaches of the Tapajos District and is accessible by existing roads. A 150-meter-long series of shallow placer open cuts expose a fine-grained east-west-trending quartz vein, hosted in granite, which is oxidized oxidized having been modified by the process of oxidation. oxidized cellulose see absorbable cellulose. only to depths of two to four meters below the old land surface. The unoxidized granular granular /gran·u·lar/ (gran´u-lar) made up of or marked by presence of granules or grains. gran·u·lar adj. 1. Composed or appearing to be composed of granules or grains. 2. quartz vein varies from slightly less than one half-meter to four meters in width in the various pits and contains pyrite pyrite (pī`rīt) or iron pyrites (pīrī`tēz, pə–, pī`rīts), pale brass-yellow mineral, the bisulfide of iron, FeS2. , chalcopyrite chalcopyrite (kăl'kəpī`rīt, kăl`kōpī'rīt) or copper pyrites (pīrī`tēz, pə–), brass-yellow mineral, sometimes with an iridescent tarnish. and small amounts of covellite-chalcocite. Over twenty channel samples have been taken along the exposed vein in the east-west system of elongate e·lon·gate tr. & intr.v. e·lon·gat·ed, e·lon·gat·ing, e·lon·gates To make or grow longer. adj. or elongated 1. Made longer; extended. 2. Having more length than width; slender. pits with assay results showing consistent grades between 2.4 and 311.1 g/t Au. The average grade of the vein channel samples is approximately one ounce per ton gold. The vein contains no other metal sulfides besides the pyrite and the copper minerals. The gold is not visible, even in the highest grade specimens. Samples taken from two other known parallel veins returned assay results similar to the main vein (the Alvino Vein). Sucuri - Typical Vein Material Samples
Sample No. Vein Width in Meters g/t Au
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3879 Alvino 0.50 311.51
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3880 Alvino 0.50 172.19
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3980 Parazao grab from ore pile 88.86
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3981 Alvino grab from ore pile 25.49
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3985 Alvino 0.35 36.88
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3988 Alvino 0.80 4.26
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3992 Alvino 2.50 11.04
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3993 Alvino 0.40 5.79
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3997 Alvino 2.60 2.40
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3999 Alvino 0.50 9.24
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4000 Alvino 0.50 11.39
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5130 Alvino 1.50 103.91
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5131 Alvino grab of vein 12.98
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5132 Alvino grab of vein 134.55
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5133 Alvino grab of vein 119.23
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5134 Alvino oxidized vein grab 25.74
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There are three known major vein systems within the property with potential for quartz veining vein·ing n. Distribution or arrangement of veins or veinlike markings. and disseminated mineralization Mineralization The process by which the body uses minerals to build bone structure. Mentioned in: Rickets mineralization, n the bioprecipitation of an inorganic substance. between the major vein systems that are spaced about 70 meters apart. Initial drilling will target the high-grade vein systems. The first set of drill holes will be placed to intersect In a relational database, to match two files and produce a third file with records that are common in both. For example, intersecting an American file and a programmer file would yield American programmers. the near-vertical main Alvino Vein system at depths of fifty to one hundred meters. The camp is being prepared for drilling with a rig available in November. An initial drilling program of about 2,000 meters is planned. The ongoing geochemical program should better define the known drill targets and locate other potential targets. Crepori Brazauro has optioned an exploration license application consisting of 8,175 hectares situated at an accessible location near the mouth of the Crepori River, at its confluence confluence /con·flu·ence/ (kon´floo-ins) 1. a running together; a meeting of streams.con´fluent 2. in embryology, the flowing of cells, a component process of gastrulation. with the Tapajos River, about 115 kilometers slightly north of due west from Tocantinzinho. The concession applicant holder and his immediate family recovered 45 kilograms of gold from a contiguous placer pit about 30 meters by 50 meters linear size, with an average vertical depth of approximately 5 meters. The placer operation exposed a 4-meter-wide vein and silicified si·lic·i·fy v. si·lic·i·fied, si·lic·i·fy·ing, si·lic·i·fies v.tr. To convert into or impregnate with silica. v.intr. To become converted into or impregnated with silica. zone and low-grade disseminated veining in the exposed wallrock as far as 30 meters from the leader vein. Wallrock samples by Brazauro averaged gold grades of 1-2 g/t while samples of the vein material consistently returned grades in the range of 4.1 to 32.4 g/t Au. At the present time there is no camp site at the property and no inhabitants
The game is based loosely on the concepts from SameGame. live there. The site is accessed via the large Crepori River and a two-kilometer trail from the landing spot that is ideal for travel by all-terrain vehicles all-ter·rain vehicle n. Abbr. ATV A small, open motor vehicle having one seat and three or more wheels fitted with large tires. It is designed chiefly for recreational use over roadless, rugged terrain. . A camp will be constructed at Crepori so serious exploration can be conducted there. Construction will commence following the completion of the camp facilities for the first stage of drilling at Sucuri. Neither Crepori nor Sucuri have been drilled or explored by sophisticated exploration methods. Exploration programs in Brazil are supervised by Stephen Zahony, vice-president of Exploration of the company, who is a qualified person as defined by National Instrument 43-101 and who has reviewed this news release. Mark E. Jones III Chairman, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Brazauro Resources Corporation The TSX Venture Exchange TSX Venture Exchange Originally called the Canadian Venture Exchange (CDNX), this was a result of the merger of the Vancouver and Alberta stock exchanges. The goal of TSX Venture Exchange is to provide venture companies with effective access to capital while protecting investors. does not accept responsibility for the adequacy or accuracy of this release. No stock exchange, securities commission or other regulatory authority Noun 1. regulatory authority - a governmental agency that regulates businesses in the public interest regulatory agency administrative body, administrative unit - a unit with administrative responsibilities has approved or disapproved the information contained herein. The news release includes certain "forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. ." All statements other than statements of historical fact included in this release, including, without limitation, statements regarding potential mineralization, exploration results and future plans and objectives of Brazauro Resources are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from Brazauro's expectations are exploration risks detailed herein and from time to time in the filings made by the Company with securities regulators. |
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