Brazilian Resources, Inc. expands drill program on Cedro Bom Gold Properties.CONCORD, N.H.--(BUSINESS WIRE)--June 19, 1996--Brazilian Resources (CANADIAN DEALING NETWORK Canadian Dealing Network (CDN) The organized OTC market of Canada. Formerly known as the Canadian Over-the-Counter Automated Trading System (COATS), the CDN became a subsidiary of the Toronto Stock Exchange in 1991. :BZIN) Brazilian Resources, Inc. ("BRAZILIAN") announced today that encouraging results from recent surface sampling and ground truthing during Phase II exploration of its Cedro Bom I and II gold properties warrants expansion of the planned diamond drill program from 1,200 meters to approximately 2,400 meters. Garimpeiros are reported to have recovered approximately 400,000 ounces of gold from alluvial workings on the Cedro Bom II concession during the 1980's. The concession south of Cedro Bom II is known as the Filao, which means "vein" in Portuguese. Drilling during Phase I exploration in early 1995 returned significant results from Filao, including 104 g Au/tonne over 0.70 m, 78.2 g Au/t over 0.75 m and 74.9 g Au/t over 1.65 m. The Filao vein structure is believed to be related to the major north/south fault system that cuts across the Cedro Bom concessions where BRAZILIAN is focusing its Phase II exploration this year. BRAZILIAN has recently completed a geochem program on the Camp Zone target on Cedro Bom II along the major shear zone trending northwest from the Filao structure. Surface samples returned values of up to 3.3 g Au/t. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. BRAZILIAN's lead field geologist Francisco Pinho, "The results are impressive. The trend of higher values coincide with the geophysical anomalies. This is the type of geological setting where Filao type veining vein·ing n. Distribution or arrangement of veins or veinlike markings. could form stockworks." Two diamond drills are on site, and BRAZILIAN will drill these geochem and geophysical anomalies beginning next week. BRAZILIAN is currently completing geochem sampling on the Terra Preta Terra preta (which means "dark soil" in Portuguese) refers to expanses of very dark soils found in the Amazon Basin. It is also known as "Amazonian dark earth" or "Indian black earth". In Portuguese its full name is Terra preta do indio or Terra preta de indio. target in the Cedro Bom I concession along an extension of the shear zone. Phase I trench results included values of up to 2.7 g Au/t. This 4 km long target zone is being prepared for drilling due to begin in July. Additional surface sampling results from Phase II exploration on the Cedro Bom concessions should be available within two weeks, with drill assay results available periodically over the next three months. BRAZILIAN owns the exclusive mineral and exploration rights to the Cedro Bom I and II properties consisting of two 10 by 10 km concessions covering 50,000 acres in the northern part of the state of Mato Grosso Mato Grosso (mä`t  grô`s) [Port.,=thick forest], state (1996 pop. ,
Brazil, approximately 160 km north of Aripuana. BRAZILIAN also has right
of first refusal Right of First RefusalIn general, the right of a person or company to purchase something before the offering is made available to others. Notes: For example, a football team may have the right of first refusal on a player's contract. and access rights on contiguous concessions comprising an additional 350,000 acres. The entire land position extends 80 km along a major regional break where several international mining companies have recently begun exploration. Drilling is also underway on BRAZILIAN's 50 percent owned Sabara gold property near Belo Horizonte Belo Horizonte (bəl' rēzôN`tĭ) [Port.,=beautiful horizon], city (1996 pop. 2,091,770), capital of Minas Gerais state, E Brazil. , Brazil. Initial assay results from
Phase II trenching and drilling at Sabara should be announced within
thirty days. The current four drill program is funded to include
approximately 2,000 m of diamond drilling Diamond Drilling is a highly specialized industry used for mineral exploration around the world. Most commonly using wireline and core bits with diamond encrusted matrix. To drill holes to max depths of twelve thousand feet, for the recovery of core used in verifying mineral designed to upgrade and expand
the 600,000 oz gold resource. Metallurgical testing and definition
drilling is underway in Zone B for an updated feasibility study The analysis of a problem to determine if it can be solved effectively. The operational (will it work?), economical (costs and benefits) and technical (can it be built?) aspects are part of the study. Results of the study determine whether the solution should be implemented. .
Additional exploratory drilling will be completed in the A zone to follow-up positive results of the fall 1995 drill program which returned results of 1.92 g Au/t over 68.0 m including 11.76 g Au/t over 6.0 m in the basal iron formation unit. Trenching, mapping, and sampling is in progress on Zone 10, from which 1995 trench results returned 6.23 g Au/t over 7.7 m in a strongly 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. and quartz veined shear zone in mafic volcanics. The shear zone is at least 50 m wide and extends for 5 km across the property. BRAZILIAN is a gold and diamond exploration company quoted on the Canadian Dealing Network under the symbol "BZIN". The company has been operating in Brazil for four years. -0- NOTE TO EDITORS: BRAZILIAN's securities have not been registered under the U.S Securities Act of 1933, as amended, and may not be offered, sold or resold in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. or to a U.S. person registration or an applicable exemption from the registration requirements. CONTACT: Brazilian Resources Inc., Concord Daniel Titcomb or Jeffrey Kirchhoff, 603/224-4800 603/228-8045 (fax) |
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