Brazil Gold Corp. Announces Initial Gold Assay Results from Brown Mine Project in Alabama
October 25 2013 - 8:00AM
Business Wire
Brazil Gold Corp. (“Brazil Gold”) (OTC:BRZG), a natural resource
exploration and development company, today announces initial gold
assay results from the Brown Mine project located in Clay County,
Alabama.
FAL Minerals, LLC has a Mineral Lease agreement for the
exploration and production of discovered minerals on the Brown Mine
property. Brazil Gold has 20% interest in FAL Minerals and 15% of
all royalty payments received by FAL Minerals. Both companies
believe the property has the potential of becoming
commercially-viable.
ALS Minerals, an independent full-service provider of testing
services for the global mining industry, confirms through fire gold
assay the presence of gold on the Brown Mine property. Initial
surface test results show gold concentration of approximately 3.5
grams per ton. The approximate 17 acre open pit mine is being
excavated to remove the overburden and surface soil to expose hard
rock and anticipated gold bearing quartz veins. The Company has
sent additional samples to ALS Minerals in Nevada and expects to
receive further test results over the next couple of weeks.
CEO Conrad Huss commented, “We are pleased with the initial
assay results and the progress over the last several weeks of
exposing the hard rock on the property. We expect to receive
additional assay results from the new samples in the coming weeks
which will help determine the potential commercial viability of the
project.”
Following the 1828 discovery of gold in Georgia, prospectors
expanded their search into lands belonging to the Creek Indians in
Alabama. Since then, gold was mined at various times between the
1830s and 1940s. Total gold production recorded was estimated to be
around 50,000 ounces.
Forward Looking Statement
Certain statements in this news release may contain
forward-looking information within the meaning of Rule 175 under
the Securities Act of 1933 and Rule 3b-6 under the Securities
Exchange Act of 1934, and are subject to the safe harbor created by
those rules. All statements, other than statements of fact,
included in this release, including, without limitation, statements
regarding potential future plans and objectives of the company, are
forward-looking statements that involve 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. Technical
complications, which may arise, could prevent the prompt
implementation of any strategically significant plan(s) outlined
above. The Company undertakes no duty to revise or update any
forward- looking statements to reflect events or circumstances
after the date of this release.
Brazil Gold Corp212-508-2175
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