Brazil Resources lifts Colombia project resource

1st November 2016 By: Henry Lazenby - Creamer Media Deputy Editor: North America

VANCOUVER (miningweekly.com) – Vancouver-based Brazil Resources has filed a technical report with Canadian securities regulators outlining a significant gold resource at its Titiribi gold/copper project, located in Antioquia Department, Colombia.

According to the company, the Titiribi resource estimate comprises 4.63-million ounces of gold in the measured and indicated categories, grading 0.5 g/t, with 3.25-million ounces of gold in the inferred category, grading 0.49 g/t, at a 0.3 g/t gold cutoff.

The new resource statement boosted Brazil Resourcesꞌ global resource totals to more than 7.8-million ounces, or 10.4-million ounces gold equivalent in the measured and indicated categories, and 10.3-million ounces, or 12.6-million gold equivalent, in the inferred category.

The project is located in a burgeoning gold-producing region, with nearby gold projects in development or production comprising AngloGold Ashantiꞌs Quebradona, B2Gold/AngloGold Ashantiꞌs Gramalote, Continental Goldꞌs Buritica, Red Eagleꞌs San Ramon and Gran Colombiaꞌs Marmato projects.