Brazauro Initiates New Exploratory Drilling Program at Tocantinzinho
HOUSTON -- Brazauro Resources Corporation (TSX VENTURE:BZO) has initiated a new exploration and core drilling program at the Company's Tocantinzinho project to probe four gold-prospective anomalies. Three of these geochemical and geophysical anomalies are situated southeast of the Tocantinzinho gold deposit and one is situated to the southwest.
The attached map displays the target areas that are described below. Two of the targets shown on the map are intersections of magnetic lows (Targets M1 & M2). The gold resource at Tocantinzinho occurs at an intersection of magnetic lows, which reflects the alteration of magnetic oxide minerals by the sulfidation action of hydrothermal activity along fault intersections.
While the new targets are being prepared for drilling, three holes will be drilled in a corridor in the southeast section of the Tocantinzinho deposit with the intent to expand resources in that area.
Southwest Target
During the initial core drilling phase at Tocantinzinho in 2004, drill hole TOC 04-20 explored a separate gold-anomalous region located about 850 meters to the south-southwest of the main NW-SE-bearing TZ trend. This solitary angle hole intersected 14.2 meters grading 1.57 g/t Au in an area of extensive garimpeiro workings. The soil geochemical anomaly surrounding this drill hole is of the size and magnitude to accommodate significant gold mineralization. Initially, two angle core holes have been planned to check the lateral extensions of the gold mineralization found in drill hole TOC 04-20.
Jesse Pit Target
In early 2006 geological reconnaissance was conducted over the region of this ellipsoidal 70x50 meters placer pit which is located 3 kilometers due south of the TZ gold resource area, just southeast of the Naoes Unidas airstrip (see attached map). Chip-channel samples were taken of the decomposed and quartz-veined bedrock exposed within the pit walls with results that ranged from less than a gram to 328 grams/tonne Au. The Jesse Pit area is now one of the prime targets within Brazauro's Tocantinzinho land holdings and the current exploration push will focus initially on this zone. A geochemical soil grid sampling program has been initiated around the Jesse Pit. Geochemical lines are spaced to cover the placer pit and its surroundings. The pit area is being mapped and core holes will be sited when all analytical results have been received.
Southeast (M1 and M2) Target Zones
The distinct northwest-southeast-trending magnetic low anomaly on which the Tocantinzinho gold resource is situated extends for several kilometers to the southeast, all on property controlled by Brazauro. Just south of the drilled resource this southeasterly extension is interrupted by an east-west-trending saddle-shaped magnetic high. To the southeast of this cross-cutting magnetic ridge lie two magnetic low intersections, which appear to be mirror images, with a similar magnetic configuration as the Tocantinzinho resource area. Magnetic low intersections tend to indicate areas of hydrothermal mineralization. Both of these zones are prime exploration targets and are shown on the attached map as the M1 and M2 target areas.
Following the completion of geochemical sampling in the Jesse Pit region, Brazauro's team will begin a soil sampling program to cover the M1 and M2 zones. Geochemical sampling will follow cut lines spaced 200 meters apart and oriented at right angles to the trend of mineralization of the resource area to the northwest. Soil sample spacing along the NE-SW lines will initially be 50 meters.
Brazauro has initiated an extensive exploration program in the vicinity of its gold deposit with the goal of expanding its resource base. Management believes that the quickest and most prospective locale in the Tapajos Region for achieving this goal is in the immediate vicinity of its Tocantinzinho gold resource.
Brazauro's exploration and the content of this release are supervised by Stephen Zahony, Vice President-Exploration and a Qualified Person and by Elton Pereira, geologist and Brazilian Exploration Manager.
Mark E. Jones III
Chairman, CEO Brazauro Resources Corporation
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. The news release includes certain "forward-looking statements." 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.
Contacts
Brazauro Resources Corporation, Houston
Chairman
Mark Jones, 713-785-1278
info@brazauroresources.com
www.brazauroresources.com
The attached map displays the target areas that are described below. Two of the targets shown on the map are intersections of magnetic lows (Targets M1 & M2). The gold resource at Tocantinzinho occurs at an intersection of magnetic lows, which reflects the alteration of magnetic oxide minerals by the sulfidation action of hydrothermal activity along fault intersections.
While the new targets are being prepared for drilling, three holes will be drilled in a corridor in the southeast section of the Tocantinzinho deposit with the intent to expand resources in that area.
Southwest Target
During the initial core drilling phase at Tocantinzinho in 2004, drill hole TOC 04-20 explored a separate gold-anomalous region located about 850 meters to the south-southwest of the main NW-SE-bearing TZ trend. This solitary angle hole intersected 14.2 meters grading 1.57 g/t Au in an area of extensive garimpeiro workings. The soil geochemical anomaly surrounding this drill hole is of the size and magnitude to accommodate significant gold mineralization. Initially, two angle core holes have been planned to check the lateral extensions of the gold mineralization found in drill hole TOC 04-20.
Jesse Pit Target
In early 2006 geological reconnaissance was conducted over the region of this ellipsoidal 70x50 meters placer pit which is located 3 kilometers due south of the TZ gold resource area, just southeast of the Naoes Unidas airstrip (see attached map). Chip-channel samples were taken of the decomposed and quartz-veined bedrock exposed within the pit walls with results that ranged from less than a gram to 328 grams/tonne Au. The Jesse Pit area is now one of the prime targets within Brazauro's Tocantinzinho land holdings and the current exploration push will focus initially on this zone. A geochemical soil grid sampling program has been initiated around the Jesse Pit. Geochemical lines are spaced to cover the placer pit and its surroundings. The pit area is being mapped and core holes will be sited when all analytical results have been received.
Southeast (M1 and M2) Target Zones
The distinct northwest-southeast-trending magnetic low anomaly on which the Tocantinzinho gold resource is situated extends for several kilometers to the southeast, all on property controlled by Brazauro. Just south of the drilled resource this southeasterly extension is interrupted by an east-west-trending saddle-shaped magnetic high. To the southeast of this cross-cutting magnetic ridge lie two magnetic low intersections, which appear to be mirror images, with a similar magnetic configuration as the Tocantinzinho resource area. Magnetic low intersections tend to indicate areas of hydrothermal mineralization. Both of these zones are prime exploration targets and are shown on the attached map as the M1 and M2 target areas.
Following the completion of geochemical sampling in the Jesse Pit region, Brazauro's team will begin a soil sampling program to cover the M1 and M2 zones. Geochemical sampling will follow cut lines spaced 200 meters apart and oriented at right angles to the trend of mineralization of the resource area to the northwest. Soil sample spacing along the NE-SW lines will initially be 50 meters.
Brazauro has initiated an extensive exploration program in the vicinity of its gold deposit with the goal of expanding its resource base. Management believes that the quickest and most prospective locale in the Tapajos Region for achieving this goal is in the immediate vicinity of its Tocantinzinho gold resource.
Brazauro's exploration and the content of this release are supervised by Stephen Zahony, Vice President-Exploration and a Qualified Person and by Elton Pereira, geologist and Brazilian Exploration Manager.
Mark E. Jones III
Chairman, CEO Brazauro Resources Corporation
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. The news release includes certain "forward-looking statements." 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.
Contacts
Brazauro Resources Corporation, Houston
Chairman
Mark Jones, 713-785-1278
info@brazauroresources.com
www.brazauroresources.com
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