Brazilian Resources announces significant gold values from initial drilling program.MANCHESTER, N.H.--(BUSINESS WIRE)--MAY 2, 1995--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) announces completion of the first phase 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 on its exploration properties in the state of Mato Grosso Mato Grosso (mä`t  grô`s) [Port.,=thick forest], state (1996 pop. , Brazil. Daniel R.
Titcomb, President of BRAZILIAN, reports, "Holes F-02 and F-03
returned values of 12.47g Au/tonne over a core length of 1.7 meters and
22.45g Au/t over 1.9 meters beginning at depth of 94.2 and 70.0 meters,
respectively."
Seven widely spaced holes (B-01 to B-07) totaling 2056 meters were completed on the 10 x 10 km Cedro Bom II concession. Six holes (F- 01 to F-06) totaling 691m tested a vein structure beneath a surface trench on the contiguous Filao concession at 50m intervals. Assay results have been received for all seven Cedro Bom holes, and the first three holes at Filao. 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 consulting geologist, Dr. William Pearson William Pearson may refer to:
Pearson continues, "Diamond drilling on the Cedro Bom concession has confirmed the presence of widespread alteration zones favorable for 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. . These zones appear to be related to splay structures associated with the major regional break which separates Archean and Proterozoic rocks in the northern part of the property. Hole B-07 intersected a 3m section grading 0.43g Au/t in strongly altered felsic fel·sic adj. Containing a group of light-colored silicate minerals that occur in igneous rocks. [fel(dspar) + s(ilica) + -ic. volcanic rocks rocks which have been produced from the discharges of volcanic matter, as the various kinds of basalt, trachyte, scoria, obsidian, etc., whether compact, scoriaceous, or vitreous. See also: Volcanic in a major 1.5km long conductive zone. This conductor continues to be a prime target for further drilling." Holes B-01 and 03 showed anomalous gold values, while holes B-02, 04, 05 and 06 contained quartz veining vein·ing n. Distribution or arrangement of veins or veinlike markings. , sulfides and no significant assay results. The significant lode gold values realized from the initial phase of drilling, combined with the large electromagnetic conductors and geochemical anomalies, further demonstrates the potential for the BRAZILIAN's Cedro Bom concessions to host world class gold reserves. The company has entered discussions with several potential joint venture partners; site and technical data reviews are underway. Regarding its recently contracted diamond exploration property, BRAZILIAN is assessing an alluvial diamond mining program targeted to be in production by the 4th quarter of 1995. A bulk sampling program is scheduled to be initiated in the next 60 days to confirm previous testing of an estimated 17 million cubic meters of diamond bearing gravel. BRAZILIAN is an exploration and development company quoted on the Canadian Dealing Network under the symbol "BZIN". The company raised over US$11,000,000 during 1994 and is financed to begin alluvial production providing near term cash flow, and to continue its mineral property acquisition program. CONTACT: Brazilian Resources Inc. Mr. Daniel Titcomb, President or Mr. Jeffrey Kirchhoff, Chief Financial Officer 889 Elm Street Manchester, New Hampshire This article is about the city in New Hampshire. For other uses, see Manchester (disambiguation). Manchester is the largest city in the U.S. state of New Hampshire and the largest city of northern New England, an area composed of Vermont, New Hampshire and Maine. 03101 603/627-3700 Fax: 603/627-9920 |
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