Brazil Resources Inc.

  • WKN: A1JFY5
  • ISIN: CA1058651094
  • Land: Kanada

Nachricht vom 06.09.2012 | 16:22

Brazil Resources Inc. Brazil Resources Inc. Identifies Large Copper-Gold Mineralized Zone at Artulândia Project in Goias State, Central Brazil


Brazil Resources Inc. / Key word(s): Drilling Result

06.09.2012 / 16:22

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Vancouver, British Columbia - Brazil Resources Inc. (the 'Company' or
'Brazil Resources') (TSX-V: BRI; OTCQX: BRIZF, Frankfurt: BSR) is pleased
to announce that recent rock sampling, geophysical and soil geochemical
surveys at its Artulândia project have identified an anomalous copper gold
zone of approximately 1,000m by 250m, which is open in all directions.  The
Artulândia project covers 12,000 acres within the Company's 247,000 acre
Pireneus district and is located in Goias state, one of the most prolific
mining districts in Brazil.

Stephen Swatton, President and CEO, stated, 'Our geological team believes
Artulândia has the potential to be a significant discovery, made with a
modest budget in an area that has not had previous mining or exploration
activity. Based on preliminary exploration data, similarities are being
drawn with Yamana's Chapada Copper-Gold Mine to the north.  However, we
acknowledge that the Artulândia project is in the early stages of
exploration and, therefore, more work, including drilling, needs to be done
to fully realize and understand this project.'

Highlights from the new results obtained at Artulândia include:

* Target ART-1; Further follow-up work completed on target area ART-1 has
confirmed new mineralized outcrops, with increased copper values of up to
0.81%, gold values of up to 2.3 g/t and silver values of up to 344 g/t,
plus additional anomalies of lead-zinc. A geophysical survey has identified
a main IP anomaly trending along strike for approximately 400m, which
coincides with the geochemically defined gold-copper zone identified by
previous soil and rock chip sampling. ART-1 is considered a priority, and
the next phase of exploration is expected to include diamond drilling of
this target.  Geochemical sampling indicates that the mineralization
extends for an additional 600m to the east of the main IP anomaly (Targets
ART-2 and ART-3).

* Target ART-5; A new zone located approximately 750m NE of ART-1 has been
discovered comprising gossans trending along strike for approximately 700m.
These gossans are similar to those found at target area ART-1. A total of
50 rock geochemical samples have been collected from target area ART-5 and
sent to the laboratory to confirm the presence of mineralization.

In its news release dated April 26, 2012, Brazil Resources announced the
first results of a geochemical sampling program at Artulândia and
identified eight target areas (ART-1 to ART-8) with elevated copper, gold,
lead and zinc values surrounding a large intrusive granitoid with rock grab
sample results of up to 1.2 g/t gold, 0.7% copper and greater than 2%
lead-zinc in separate samples.

Since May 2012, follow-up geochemical sampling and detailed geological
mapping programs have been completed on target areas ART-1 and ART- 5.  In
addition a geophysical IP/Mag ground survey has been completed and a
trenching program has been initiated at ART-1. To date, assay results are
available for a total of 603 rock grab samples, 1,581 soil samples and 62
stream sediment collected from target areas ART-1 and ART-5.
Based on petrographic and detailed geochemical and geophysical data
interpretation, Company geologists believe the geology at Artulândia may be
a porphyry copper deposit.

Therefore comparisons are being drawn with the Chapada Mine operated by
Yamana Gold, which is located approximately 140 km north of the Artulândia
project.  Chapada produced 135,000 oz of gold and 166 million pounds of
copper in 2011 as publicly disclosed by Yamana. Readers should be aware
that the comparison to Chapada contained herein is based on preliminary
exploration by the Company to date and substantial additional exploration
is required to define the extension, continuity and geology of the
mineralized zones at Artulândia, which does not currently have any defined
resources, and, therefore, the results at Chapada are not necessarily
indicative of the potential of the Artulândia project.

The geophysical survey was performed by Fugro Geophysics, and processed by
Reconsult Geofísica. The IP-resistivity survey comprised 7.65 line kms, and
the magnetics survey comprised 23.35 line kms. The grid lines were oriented
north-south and each line was 100 meters apart.

Future Work:
The Company plans to further its exploration efforts on all the remaining
targets.  A diamond drill program to investigate Target 1, and possibly
Targets 2 and 3, is currently under consideration.  Targets ART-4, ART-5
and ART-6 have been outlined by the recent geophysical survey and will be
investigated by additional rock sampling and mapping. The current
geochemical/geophysical results only represent the investigation of two
targets (ART-1 and ART-5) of the eight geochemical targets initially
identified by the Company.

TABLE 1 - Anomalous Rock Samples Results for Cu-Au-Zn-Pb-Ag at Artulândia
Project as of August 31, 2012

Sample    Lithology   Cu (ppm)   Au (ppb)  Zn (ppm)   Pb (ppm)   Ag (ppm)

11904      Gossan       8123       513       2512        8047       5
11161      Vulcanic     7116       79         781       42000     147
11907      Gossan       6991      2329       6551      >10000     344
11145      Gossan       6813       129       2152        1907      -1
11144      Gossan       6628       335       2538        1375      18
11141      Gossan       6350      1250       4075         747      13
11848      Gossan       4897       128       1212        1248      15
11834      Gossan       4182        84        697         695       8
11847      Gossan       4126       210        894        1737     198
11829      Gossan       3872      1646       1372        1620      19
11905      Gossan       3728       792       3453        5885      12
11444      Laterite     3623        97       1482        1619       9
11919      Gossan       3458       247       1965        1011      13
11906      Gossan       3421       364       3093        5003      10
11469      Vulcanic     3329        31      35300        3900      16
11897      Breccia      3315       768       1194        2287      10
11835      Gossan       3275        36        668         630      -1
3001       Quartz Vein  2946       154       1652         802      -1
11928      Gossan       2914       116       1836        1072      -1
11895      Breccia      2892       219       1239        3219       1
11925      Gossan       2828       198       2751        1018      -1
11828      Gossan       2762        46        828         802      -1
11927      Gossan       2636       170       3547        5321      -1
11933      Gossan       2630       199       1979         967      16
11931      Gossan       2591       176       2324         502       4
11924      Gossan       2460        99       2529        1346      -1
11912      Gossan       2373       262       1843        1367       1
11930      Gossan       2340       295       2059         470       8
11900      Breccia      2332       495        522        1729       6
11923      Gossan       2297       148       1392        1182      -1
11898      Breccia      2274       406        892        1761       5
11914      Gossan       2272      1149       2092         854      -1
11899      Breccia      2261       556        713        1544       4
11929      Gossan       2257        61       1430        1311      -1
11932      Gossan       2152        76       1828         534       5
11911      Gossan       2146       186       1336         805      -1
11910      Gossan       2142       148       1160         829      -1
1191       Laterite     2075      1168       1078        1547      -1
11467      Quartzite    1908        71       1213        4302       6
11934      Gossan       1884        32       2326         411     123
11120      Quartzite    1874        61       4203         553       7
11922      Gossan       1868       109        857        1390      -1
11926      Gossan       1847       122       1895         874      19
11121      Vulcanic     1787       138        856        5456      11
11921      Gossan       1774        81       1659        1369      -1
11844      Gossan       1711        32        693         919      -1
11167      Vulcanic     1620        49       1233         688      -1
11896      Breccia      1604       316        549        1670       4
11833      Gossan       1568        41       1172         483      -1

About Brazil Resources Inc.
Brazil Resources is a publicly listed mineral exploration company with a
focus on the acquisition and development of projects in emerging producing
gold districts in Brazil and other parts of South America. Currently, the
Company is advancing its Montes Áureos, Trinta and Maua Gold Projects
located in the Gurupi Gold Belt in the state of Maranhão in northeastern
Brazil, and its Pireneus Gold Project in Goias State, in central Brazil. 
Brazil Resources is also seeking to acquire and develop additional gold
properties within Brazil and other locations in South America.

For further information, please contact: 
Patrick Obara
Telephone: +1 (855) 630-1001
info@brazilresources.com

Note Regarding Scientific and Technical Information 
Paulo Pereira, the Company's Vice President of Exploration has supervised
the preparation of and reviewed the technical information and verified the
data contained in this document. Mr. Pereira holds a Bachelor degree in
Geology from Universidade do Amazonas in Brazil, is a qualified person as
defined in National Instrument 43-101 and is a member of the Association of
Professional Geoscientists of Ontario.

The reconnaissance sampling at the Artulândia project was performed using
stream sediment sampling to cover the entire area of the claim block.
Streams sediment samples were collected using 10 liters constant volume
samples and the collected material was panned in the field for gold color
counts. Follow-up sampling was completed on anomalous areas defined by the
results of the stream sediment sampling. Soil samples were collected on
regular grids (200m x 50m) at 0.30 m depth. The material excavated in each
soil sampling location was homogenized and a 2 kg representative sample was
collected.  Rock samples (hand-specimen size) were collected during
geological mapping over the entire area and on target area ART-1 rock
samples were collected over regular grid (100m x 25m) and on representative
mineralized outcrops.

Brazil Resources operates QA/QC controls of sampling and analytical
procedures.  For geochemical sampling (stream sediment, soil, rock)
duplicates are inserted in the sample batches at a reason of one duplicate
for every ten samples.  Samples from the Artulândia project are transported
by the company staff from the project by road to SGS-Geosol Labs in
Goiania, Goias for preparation and pulps are sent to SGS-Geosol Labs in
Vespasiano, Minas Gerais, Brazil in secured and sealed sample bags for
analysis. Samples are assayed by the lab for gold using a 50 gram fire
assay with AAS finish and ICP for 37 elements.

Forward Looking Statements
This document contains certain forward-looking statements that reflect the
current views and/or expectations of the Company with respect to its
performance, business and future events, including statements regarding the
Company's beliefs regarding future exploration of the Artulândia project
and exploration plans in respect of its projects. Forward-looking
statements are based on the then-current expectations, beliefs,
assumptions, estimates and forecasts about the business and the markets in
which the Company operates, including that: the current price of and demand
for minerals being targeted by the Company will be sustained or will
improve; the Company's current exploration programs and objectives can be
achieved; financing will be available if and when needed on reasonable
terms; and the Company will be able to identify and acquire additional
mineral interests on reasonable terms or at all.  Investors are cautioned
that all forward-looking statements involve risks and uncertainties,
including:  that the Company has a limited operating history; that resource
exploration and development is a speculative business; that the Company may
lose or abandon its property interests; that the Company's properties are
in the exploration stage and without known bodies of commercial ore; that
the Company may not be able to obtain all necessary permits and approvals
on any of its properties; that environmental laws and regulations may
become more onerous; that the Company may not be able to raise additional
funds when necessary; potential defects in title to the Company's
properties; fluctuations in currency exchange rates; fluctuating prices of
commodities; operating hazards and risks; potential inability to find
suitable acquisition opportunities and/or complete the same and  other
factors listed in the Company's public filings, including its Management's
Discussion and Analysis for the year ended November 30, 2011. These risks,
as well as others, could cause actual results and events to vary
significantly. Accordingly, readers should not place undue reliance on
forward-looking statements and information. There can be no assurance that
forward-looking information, or the material factors or assumptions used to
develop such forward looking information, will prove to be accurate. The
Company does not undertake any obligations to release publicly any
revisions for updating any voluntary forward-looking statements, except as
required by applicable securities law.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as
that term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this news release.


End of Corporate News

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