2012 drill program intersects significant gold mineralization at VG1.

VG1 gold in soil anomaly is 2,000 m in length with only 600 m drill to date. Additional six targets require follow-up exploration.

Boa Vista Project — Overview

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Brazilian Gold and their joint venture partner outline numerous targets by soil geochemistry, geophysics, trenching and drilling.

The VG1 gold in soil anomaly is approximately 2 km in length. Drilling of the eastern 600 m of this anomaly has intersected wide intervals of structurally controlled gold mineralization.

Ownership

  • Brazilian Gold owns a 51% interest in the project and has the option to earn an additional 20% interest by making cash payments ($600,000) and funding exploration expenditures ($3,400,000) over a three year period ending on November 15, 2014.

Land

  • Three exploration concessions for a total area of 12,889 Ha.

History

  • 1960’s to present, small scale garimpeiro exploitation at a number of garimpos on the project.
  • 1980’s, ProGeo completes stream and soil panning surveys.
  • 1990’s, RTZ reviewed the project and collected samples from a number of garimpos.
  • 1990’s, Placer Dome completes small exploration program and trenching.
  • 2007, Majestic Diamonds completes rock and soil sampling, and geophysical surveys over a number of garimpos including Jair, Almir and Ze de Leite.
  • 2010, Brazilian Gold and joint venture partners complete soil geochemistry over western area of concession. VG1 target identified as the strongest anomaly.
  • 2011-2012, Brazilian Gold and joint venture partners complete geophysics (56 km), trenching and drilling (4,588 m in 26 holes) at Jair, Amir, Ze de Leite and Planalto targets.

Description

  • The property is underlain by granitic and volcanic rocks.
  • Over 6 targets identified for follow-up exploration including Jair, VG1, Almir, Ze de Leite, Planalto and Pistinha.
  • Gold mineralization at VG1 appears to be structurally controlled and hosted in mixed volcanic and granitic rocks.
  • Significant drill intersections at VG1 include 97 m grading 1.72 g/t (VGD-011-12), 90.65 m grading 0.65 g/t (VGD-013-12), 78 m grading 0.97 g/t (VGD-009-11), and 102.3 m grading 1.43 g/t (VGDD001).
  • Planalto target consists of silica veined and brecciated granitic rocks that form a northeast trending ridge that is over 2 km long; vein textures are suggestive of epithermal style mineralization.