Brex Discovers New Gold Zone in Guyana.VAL D'OR Val d'Or (väl dôr), town (1991 pop. 23,842), SW Que., Canada, SE of Rouyn-Noranda. It is a mining center. Gold was discovered in the region in 1909; copper, zinc, lead, and molybdenum are also mined. , QUEBEC--(BUSINESS WIRE)--Jan. 22, 1997--BREX (ME BX.) Exploration Brex Inc. today announced the discovery of a new gold zone in a previously unexplored area on its 50-square-kilometer property in central Guyana. Highly encouraging assays from surface chip samples and samples from small 2-3 meter deep pits confirm the presence of a rich mineral system. The following table shows results from the new discovery which was targeted for sampling after overlaying o·ver·lay 1 tr.v. o·ver·laid , o·ver·lay·ing, o·ver·lays 1. To lay or spread over or on. 2. a. soil samples returned gold values of 8.65 grams (0.27 oz) per ton and 11.3 grams (0.35 oz) per ton. Samples from the pits consisted of composites from the surface down to depths of 2-3 meters. -0-
Sample type Assay
g/t oz/t
Surface bedrock 103.43 3.21
Test pit (depth 1-2 meters) 8.93 0.28
Test pit (depth 2-3 meters) 3.47 0.11
Test pit (depth 2-3 meters) 14.03 0.43
Michel David Michel David (born in 1951) is a Quebecois journalist. He is in the field since 1978 and is currently columnist for the Montreal newspaper Le Devoir. David was parliamentary correspondent at the National Assembly of Quebec for Quebec City's Le Soleil , President, said the new discovery greatly enhances the gold resource potential of the Aremu project. He added that the Company has geophysics geophysics, study of the structure, composition, and dynamic changes of the earth, its atmosphere, hydrosphere and magnetosphere, based on the principles of physics. and further test pitting in progress on the property to extend the new zone along strike and possibly connect it with the Aremu vein system, five kilometers to the east. Mr. David said the Company plans to commence a diamond drill program on the property in the next couple of months. Brex has now obtained excellent preliminary results from pit, trench and grab sampling in three different areas of the property. The Aremu vein system, which was mined in the early 1900's to a depth of 30 meters, returned mining grades averaging 0.44 opt. Previously announced assays from the Aremu-Oko shear shear: see strength of materials. Shear A straining action wherein applied forces produce a sliding or skewing type of deformation. zone, 4 kilometers to the southeast of the Aremu vein system, have produced assays up to 0.55 opt in carbonaceous car·bo·na·ceous adj. Consisting of, containing, relating to, or yielding carbon. carbonaceous Adjective of, resembling, or containing carbon Adj. 1. bands. Exploration Brex Inc. is an exploration company with properties in Nevada, Guyana and Quebec. In Nevada, the Company is currently exploring on its 50 percent-owned Section 12 gold property located in the prolific Carlin car·line or car·lin n. Scots A woman, especially an old one. [Middle English kerling, from Old Norse, from karl, man.] Trend. At Brex's 100 percent-owned Aremu gold property in Guyana, which is in the same geological province as the Omai gold mine, the Company has a trenching and sampling program in progress. It also has other base metal and gold projects in Nevada and in Canada. Shares of Exploration Brex Inc. trade on The Montreal Exchange Montreal Exchange A Canadian derivatives exchange that facilitates the trading of stock options, interest rate futures and options, as well as index options and futures. Located in Montreal, Quebec, it is the country's main financial derivative market, while the Winnipeg under the symbol BX. U.S. S.E.C. exemption 12g3-2(b) 82-4269. CONTACT: Exploration Brex Inc. Michel David, 819/ 825-9065 ariel@lino.com or Hume, Kieran Inc. Marla Gale, 416/ 868-1079 or Hume, Kieran Inc. Cathy Hume, 416/ 868-1079 |
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