Road Town, Tortola, British Virgin Islands (Thursday, Nov 3, 2005) – BrazMin Corp (TSX:BZM) “BrazMin” is pleased to announce that it has received encouraging gold assay results for a further five holes at its 100% owned advanced exploration project, São Jorge, located in Para State, Brazil. These holes are part of the recently completed Phase 1 drilling program which consisted of 48 holes totaling 10,104m. 42 of these holes were drilled to test the main target on the property, the 650mx100m Wilton Zone. Results for Holes SJD-001 to 007 have previously been announced (see Press Releases dated September 12th, 2005 and October 6th, 2005).
Hole SJD-008-05 was drilled at an inclination of -55º toward the NE and is located approximately 50m to the west of previously-announced hole SJD-005-05, near the SE extent of the Wilton Zone. Three higher-grade mineralized zones were intersected. The widths of these intersections suggest that the wide, semi-continuous higher-grade zones previously interested some 40m either side of hole SJD-008-05 have narrowed in this area. The narrowing is not unexpected in this type of intrusive-related deposit where mineralized zones may pinch-and-swell and anastomize.
Five short vertical holes were drilled over an area of approximately 100m x 50m across the strike of the zone, approximately in the centre of the deposit. This was done in order to gain geological information related to the lateral extent, orientation and other characteristics of the mapped higher-grade zones and to test whether or not the area between these zones is mineralized. BrazMin has received results for the first four of these vertical holes. Holes SJD-009-5, SJD-011-05 and SJD-012-05 were drilled within known higher-grade zones, while holes SJD-010-05 and SJD-013-05 (results awaited) were drilled between the known zones and near the SW extremity of the zones, respectively.
Assay results for holes SJD-008-05, SJD-009-05, SJD-010-05 and SJD-011-05 and SJD-012-05 are tabulated below:
Hole Number From(m) To(m) Width(*)(m) Grade(xx)
(g/t Au)
----------- ---- -- -------- ---------
SJD-008-05 117.03 118.97 1.94m 1.34
169.76 171.76 2.00m 7.12
178.76 181.76 3.00m 1.43
SJD-009-05 0.39 7.93 7.54m 5.99
25.92 30.59 4.67m 7.26
33.77 46.15 12.38m 2.37
49.39 55.26 5.87m 1.38
SJD-010-05 2.05 5.33 3.28m 4.29
26.05 27.98 1.93m 2.02
34.86 36.76 1.90m 1.15
Hole Number From(m) To(m) Width(*)(m) Grade(xx)
(g/t Au)
----------- ---- -- -------- ---------
SJD-011-05 3.76 8.66 4.90m 8.22 (oxidized)
16.52 27.72 11.20m 1.26
39.02 46.02 7.00m 6.80
51.02 55.02 4.00m 1.32
63.85 67.81 3.96m 2.19
80.92 86.16 5.24m 2.81
SJD-012-05 2.67 43.42 40.75m 3.83
96.61 98.53 1.92m 1.92
106.43 111.64 5.21m 1.57
124.65 130.36 5.71m 4.42
134.14 136.11 1.97m 4.18Note:
* core lengths, uncorrected for dip or drill angle and do not represent true widths
** gold grades are uncut
Tony Ransom, President and CEO of BrazMin, commented, “These results continue to confirm RTZ’s findings. The short vertical holes are encouraging and have enhanced our understanding of the controls to the sub-vertical, higher-grade zones.”
The drilling has been designed to test the entire width of the Wilton Zone using mostly angled holes drilled from both north and south to ensure that each discreet zone is intersected at appropriate depths. Holes are collared using HQ (63.5mm)-sized core in the oxidized saprolite zone and NQ (47.6mm)-sized core in the fresh (sulphide) bedrock. The core is logged and photographed by BrazMin professional staff and then split using a diamond saw. Half the core is stored on-site in a secure core shed and the other half is sampled, bagged and secured and stored on-site until several holes are ready for transporting by road to Lakefield Geosol SGS Laboratorios Ltda’s (“Lakefield”) sample-preparation laboratory in Parauapebas. 50 Gram pulps are then air-freighted by Lakefield to their main assay laboratory in Belo Horizonte, Minas Gerais State. Lakefield is ISO14001 and ISO 9001:2000 accredited and is independent of BrazMin.
Gold is determined by fire assay/atomic absorption with a detection limit of 5ppb Au. Lead fire assays use silver as a co-collector to facilitate easier handling of prills as well as to minimize losses during the cupellation process. Selected samples will later be analyzed for other elements such as silver, copper, lead, zinc, etc by ICP spectrometry/multi-acid digestion. The laboratory is instructed to automatically reanalyze abnormally high gold values. Specific gravity determinations are done using a gas picnometer. QA/QC procedures included the submission by BrazMin of systematic duplicates, blanks and standard samples within the sample batches submitted to Lakefield. In addition, Lakefield insert its own standards into each sample batch. The results from these control samples indicate acceptable consistency of analysis. Selected pulverized sample duplicates will be submitted to an accredited and independent laboratory for referee analyses.
BrazMin’s exploration programs are being managed by Mr. Tony Ransom (Pr.Sci.Nat.) and on-site by Mr. Paulo Ilidio de Brito, both of whom are qualified persons within the meaning of National Instrument 43-101. The information in this press release has been verified by Mr. Ransom including the sampling, analytical and test data underlying the information.
About BrazMin
BrazMin is engaged in the search for, acquisition, exploration and development of high quality gold projects primarily in Brazil.
BrazMin has 18,221,829 shares outstanding (23,422,011 shares fully diluted).
For further information, please contact:
Alan Friedman
Tel: 416-361-9636
Fax: 416-361-0330
Email: friedman@taucapital.com
This document may contain or refer to forward looking information based on current expectations. Forward-looking statements are subject to significant risks and uncertainties, and other factors that could cause actual results to differ materially from expected results. These forward-looking statements are made as of the date hereof and we assume no responsibility to update or revise them to reflect new events or circumstances.