BRZG .0004 .0003 X.0004-WATCH-NEWS:
Brazil Gold Corp. Announces Initial Gold Assay Results from Brown Mine Project in Alabama 10/25 08:00 AM
NEW YORK--(BUSINESS WIRE)-- Brazil Gold Corp. (BRZG:$0.0004,$0.00,000.00%) , 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 (BRZG:$0.0004,$0.00,000.00%) 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.
Source: Brazil Gold Corp. (BRZG:$0.0004,$0.00,000.00%)
Get more news on:SYMBOLS: BRZGNEWS TYPE: SECTORS: Energy, Oil, Gas and Consumable Fuels, Materials, Metals and Mining
Brazil Gold Corp. Announces Initial Gold Assay Results from Brown Mine Project in Alabama 10/25 08:00 AM
NEW YORK--(BUSINESS WIRE)-- Brazil Gold Corp. (BRZG:$0.0004,$0.00,000.00%) , 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 (BRZG:$0.0004,$0.00,000.00%) 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.
Source: Brazil Gold Corp. (BRZG:$0.0004,$0.00,000.00%)
Get more news on:SYMBOLS: BRZGNEWS TYPE: SECTORS: Energy, Oil, Gas and Consumable Fuels, Materials, Metals and Mining
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