São Jorge is Brazilian Gold’s most advance stage project. The deposit is host to an NI43-101 compliant indicated mineral resource of 11.365 Mt grading 1.0 g/t gold (379,000 ounces of contained gold) and an inferred mineral resource of 20.673 Mt grading 0.8 g/t gold (558,000 ounces of contained gold) at a 0.3 g/t cut-off (Coffey Mining, July 15, 2011).
The project has established infrastructure including road access and hydro electrical power.
The focus of the 2011 exploration program will be to expand the existing São Jorge resource and identify new areas of mineralization on this large, unexplored property.
Ownership
- Brazilian Gold Corporation owns 100% of the project, subject to a 1% NSR to Talon Metals Corp. for production from any of the 9 exploration concessions and 1% of the proven reserves demonstrated by a feasibility study to the underlying owner of exploration concession 275 and a 2% NSR to the underlying owner of exploration concession 627 that can be purchased for US$500,000.
Land
- Nine exploration concessions for a total area of 62,077 Ha.
History
- Before 1990, informal garimpeiro mining of alluvials and saprolite.
- 1993-1995, Rio Tinto completes mapping, trenching, auger and diamond drilling (26 holes in 4,350 m).
- 1997-1998, Rio Tinto completes scoping study and drilling (16 holes).
- 2001-2005, Tapajós Mineração Ltda., mine surface oxides.
- 2005, Talon Metals completes Phase 1 diamond drilling program (48 holes in 10,104 m).
- 2006, Talon Metals completes Phase 2 diamond drilling program (34 holes in 7,952 m), airborne and ground geophysics.
- 2007, Talon Metals completes small program of reconnaissance soil sampling.
- 2010, Brazilian Gold signs sales agreement to acquire 100% of the project.
Description
- The São Jorge project is underlain by various age granites that are host to gold mineralization associated with quartz+suphide vein and stockworks.
- The São Jorge deposit consists of a stockwork system that is over 1 kilometre long by up to 100 metres wide and has been delineated to 200 metres below surface by diamond drilling (22,446 m in 108 holes).
- The stockwork system strikes AZ290° and dips near vertical.
- Alteration minerals include silica, potassium feldspar, sericite and chlorite.
Resource
- NI43-101 compliant indicated gold resource of 11.365 Mt grading 1.0 g/t gold (379,000 ounces of contained gold) and an inferred mineral resource of 20.673 Mt grading 0.8 g/t gold (558,000 ounces of contained gold) at a 0.3 g/t cut-off (Coffey Mining, July 15, 2011).
2011 Exploration Program
- The 2011 drill program will test down dip of the existing resource and infill along strike with the objective of increasing the existing resource.
- The 2011 drill program will also test new targets identified from the soil and geophysical programs complete along strike of the existing deposit.
- Property scale mapping and prospecting programs will be completed outside of the deposit area to evaluate this large unexplored property.