Brazilian Resources - Diamond Drilling expands resource on the Sabara Gold Property, Brazil.CONCORD, N.H.--(BUSINESS WIRE)--Dec. 20, 1995--Brazilian Resources Inc. (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) announced today that a Brazilian subsidiary, BW Mineracao Ltda. (BW) intercepted significant gold 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. in six of the first ten diamond drill holes at its 4,000 acre 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.
BW is a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of the 50/50 joint venture between BRAZILIAN and William Resources Inc. In addition, BW staked two claims contiguous Adjacent or touching. Contrast with fragmentation. See contiguous file. to the property, adding 1,648 acres near Zone 10. The current 4,000 meter drill program focuses on Zone A, which is located in the southeastern part of the property, adjacent to Zone B. The original resource in Zones A and B was estimated at approximately 600,000 ounces. The purpose of the current drill program is to further expand and upgrade this resource base. Once the drilling is completed (by March 1996), BW will update the previous 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. using more recent information. BW believes it is possible an even greater economic, bulk tonnage TONNAGE, mar. law. The capacity of a ship or vessel. 2. The act of congress of March 2, 1799, s. 64, 1 Story's L. U. S. 630, directs that to ascertain the tonnage of any ship or vessel, the surveyor, &c. , open pittable resource will be identified on the property. The 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 and geological program is being managed by an independent consulting firm Noun 1. consulting firm - a firm of experts providing professional advice to an organization for a fee consulting company business firm, firm, house - the members of a business organization that owns or operates one or more establishments; "he worked for a , Pearson, Hofman & Associates Ltd. of Toronto, under the overall direction of its President, Dr. William Pearson William Pearson may refer to:
The most encouraging Zone A drill results to date are 1.92 g Au/tonne over 68 meters in hole P-4; 2.86 g Au/t over 9.3 meters in hole P-8, and 1.85 g Au/t over 27.6 meters in hole P-17. Significant results are summarized below. -0-
HOLE NO. FROM (m) TO (m) LENGTH (m) Gold (g/t)
(uncut)
P-1 15.0 16.5 1.5 1.96
48.6 50.0 1.4 1.34
P-2 56.6 58.0 1.4 1.70
66.6 72.5 5.9 1.36
P-4 0.0 68.0 68.0 1.92
including 13.0 29.0 16.0 1.81
41.5 44.0 2.5 3.40
62.0 68.0 6.0 11.76
P-5 1.0 3.8 2.8 2.08
29.0 36.0 7.0 3.09
P-8 11.1 20.4 9.3 2.86 P-9 (to date) 12.6 14.5 1.9 3.26 P-17 64.6 92.2 27.6 1.85 including 64.6 76.0 11.4 3.17 -0- BW will expand the drill program in the new year to other targets on the property, where no previous drilling has been completed. Zone 10, a promising new target, has already returned surface trenching results of 6.23 g Au/t over 7.73 m, 2.7 g Au/t over 8.63 m, and 18.24 g Au/t over 4.8 m. Zone 10 is located in a prominent structure having a 4 km strike length within the property boundary. BRAZILIAN is a gold and diamond exploration company quoted on the Canadian Dealing Network under the symbol "BZIN". In addition to the Sabara project, BRAZILIAN is continuing exploration on its wholly owned 50,000 acre Cedro Bom properties in northern Matto Grasso, Brazil. CONTACT: Mr. Daniel Titcomb President or Mr. Jeffrey Kirchhoff Chief Financial Officer Brazilian Resources, Inc. (603) 224-4800 (603) 228-8045 (Fax) |
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