Strong Phase IV Final Drilling Results at Tocantinzinho.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) ) is pleased to announce analytical results for the final five core holes of the latest (Phase IV) drilling campaign at its Tocantinzinho Project. The Phase IV Tocantinzinho campaign consisted of 3,022 meters of core drilling in twelve holes: TOC 06-35 to TOC 06-46. Brazauro's Press Release of July 18, 2006, revealed the results of holes TOC 06-35 through TOC 06-41. The best results of the drilling campaign were in drill hole TOC 06-43, which intersected 196.76 meters grading 2.59 grams gold per tonne. The Phase IV drilling campaign achieved its objective to better define the known 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. over the 650 meters strike length of the continuous Tocantinzinho trend as well as to probe some of the known geochemical and geophysical anomalies away from the main trend. TOC 06-42 explored the northern limits of mineralization where drill hole spacing in the northeastern appendage appendage /ap·pen·dage/ (ah-pen´dij) a subordinate portion of a structure, or an outgrowth, such as a tail. epiploic appendages see under appendix . of mineralization was insufficient to define those limits. The hole was drilled towards the southwest at an inclination of -50 degrees. The hole intersected highly anomalous gold values averaging 352 ppb ppb abbr. parts per billion (0.35 g/t Au) over 172.6 meters of hole length, from a depth of 58.5 meters to the bottom of the hole at 230.10 meters. The highest grade interval ran 4.30 g/t gold over 2 meters within a subvolcanic rhyolite rhyolite, fine-grained light-colored acidic volcanic rock. Rhyolite is chemically the equivalent of granite, and is thus composed primarily of quartz and orthoclase feldspar with subordinate amounts of plagioclase feldspar, biotite mica, amphiboles, and pyroxenes. porphyry Porphyry, Greek scholar Porphyry (pôr`fĭrē), c.232–c.304, Greek scholar and Neoplatonic philosopher. He studied rhetoric under Cassius Longinus and philosophy under Plotinus. body, near the bottom of the hole, in the interval from 224.0 to 226.0 meters. TOC 06-43 was collared at the southeastern part of the known mineralized min·er·al·ize v. min·er·al·ized, min·er·al·iz·ing, min·er·al·iz·es v.tr. 1. To convert to a mineral substance; petrify. 2. To transform a metal into a mineral by oxidation. 3. trend and aimed towards the southwest at -50 degrees inclination. From just below the lateritic lat·er·ite n. A red residual soil in humid tropical and subtropical regions that is leached of soluble minerals, aluminum hydroxides, and silica but still contains concentrations of iron oxides and iron hydroxides. cover at 15.54 meters, to a depth of 212.0 meters, this hole intersected 196.76 meters grading 2.59 g/t gold. This interval contained two significant intervals of higher grade: 57.6 meters at 3.54 g/t (from 24.4m to 82.0m depth) and 36.0 meters at 5.97 g/t (from 109.0m to 145.0m depth). This hole clearly demonstrated the continuity of gold mineralization to levels higher up from the deeper intersection made by TOC 04-11 along Cross Section No. 6 in the initial 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 . TOC 06-44 was drilled along the same cross section as drill hole TOC 06-43, but aimed in the opposite direction, to probe the width of the capping andesite andesite Any member of a large family of rocks that occur in most of the world's volcanic areas, mainly as surface deposits and to a lesser extent as dikes and small plugs. and to define the eastern limit of shallow gold mineralization just beyond the andesite. The hole was drilled towards the northeast at an inclination of -50 degrees. From below the placer tailings Tailings (also known as tailings pile, tails, leach residue, or slickens[1]) are the materials left over[2] after the process of separating the valuable fraction from the worthless fraction of an ore. cover, which extended to a depth of 15 meters, the hole encountered andesite to a depth of 48.5 meters. From 53.0 meters to 136.7 meters the hole intersected 83.7 meters grading 1.31 g/t gold, including a 32.8-meter-long interval of 2.38 g/t Au. TOC 06-45 explored the region above TOC 06-16 along Cross Section No. 5. The hole was aimed along the cross section line at an inclination of -50 degrees. From a depth of 35.1 meters to 197.0 meters, the hole intersected 161.9 meters grading 0.91 g/t Au, including 50.0 meters grading 1.30 g/t Au from 35.4 meters to 85 meters. TOC 06-46 was a wildcat wildcat, common name of two Old World cats, the European wildcat, Felis sylvestris, of Europe and W Asia, and the African wildcat, or kaffir cat, F. lybica, of Africa and Asia. hole drilled to probe a soil geochemical gold anomaly located in a heavily placer-mined region about 750 meters to the south of the main Tocantinzinho gold zone. Only short intervals, widely spaced, in the range of 300 ppb Au, were intersected in the host granite by this 246.1 meter hole. A summary of all 12 drill holes of Phase IV drilling campaign is shown in the table below. Note that intervals shown are drill intercepts and do not represent true widths.
DRILL HOLE FROM TO INTERVAL Au(grams HOLE LENGTH
(depth in (depth in per
meters) meters) (meters) tonne) (in meters)
TOC 06-35(1) 48.9 157.8 108.9 1.48 336.80
including 72.0 149.0 77.0 1.85
TOC 06-35(2) 173.5 330.0 159.5 2.16
including 176.0 275.0 99.0 3.24
TOC 06-36 124.5 342.8 218.3 1.55 376.43
including 148.0 215.0 67.0 1.83
including 257.0 318.8 61.8 2.33
TOC 06-37(1) 0.0 17.6 17.6 1.10 150.87
TOC 06-37(2) 90.0 144.0 54.0 1.77
TOC 06-38 wildcat hole no significant 336.80
intersection
TOC 06-39(1) 0.0 17.5 17.5 1.06 234.69
TOC 06-39(2) 66.0 130.0 64.0 0.93
TOC 06-40 72.5 125.5 53.1 1.42 230.21
TOC 06-41 wildcat hole no significant 243.40
intersection
TOC 06-42 58.5 230.1 172.6 0.35 230.10
TOC 06-43 15.2 212.0 196.8 2.59 249.90
including 24.4 82.0 57.6 3.54
including 109.0 145.0 36.0 5.97
TOC 06-44 53.0 136.7 83.7 1.31 182.88
including 71.2 104.0 32.8 2.38
TOC 06-45 35.1 197.0 161.9 0.91 204.21
including 35.1 85.0 49.9 1.3
TOC 06-46 wildcat hole no significant 246.07
intersection
The sampling and quality control procedures used in connection with the drilling program are described in Brazauro's news release of July 12, 2005, which may be viewed under Brazauro's profile at www.sedar.com. 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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