VANCOUVER (miningweekly.com) – Two weeks after closing the acquisition of the Titiribi gold/copper project, in central Colombia, Brazil Resources has published a maiden multimillion-ounce and high-grade resource estimate on the deposit.
Vancouver-headquartered Brazil Resources announced a National Instrument 43-101-compliant resource estimate totalling 4.63-million ounces of gold in the measured and indicated categories, and an inferred resource of 3.25-million ounces of gold at a 0.3 g/t gold cutoff.
The company advised that the mineral resource estimate for the Titiribi project has resulted in its consolidated global gold resource base rising by 146% to 7.8-million ounces of gold (10.4-million ounces of gold equivalent) in the measured and indicated categories and by 46% to 10.3-million ounces of gold in the inferred category.
The project has access to good infrastructure including water, paved roads, and high power electrical transmission lines 3 km from the property, the company advised.
Nearby gold projects in development or production include AngloGold Ashantiꞌs Quebradona, B2Goldꞌs Gramalote, Continental Gold's Buritica, Red Eagleꞌs San Ramon and Gran Colombiaꞌs Marmato projects.