All seven drill holes reported herein intersected gold mineralization. Significant results are compiled in the tables below; highlights include:

• 120.36 g/t Au over 1.00 metres and 5.80 g/t Au over 2.00 metres in ABD-009,
• 31.32 g/t Au over 1.17 metres and 6.32 g/t Au over 1.20 metres in ABD-005,
• 6.21 g/t Au over 5.75 metres and 1.35 g/t Au over 12.95 metres in ABD-004,
• 29.40 g/t Au over 0.45 metres and 6.10 g/t Au over 2.00 metres in ABD-003,
• 23.37 g/t Au over 1.06 metres and 6.57 g/t Au over 1.70 metres in ABD-002

The Phase I Program focused on drill testing of gold mineralized structures along the Camarão Hill target at Água Branca. Camarão Hill is characterized by a 750 by 300 metre area of historic “garimpos” (artisanal workings) and was the focus of channel sampling by the Company prior to drill testing. The seven holes reported in this release were drilled to the southeast or northwest to test northeast trending mineralized structures for an initial 400 metre strike extent of the 750 metre extent of the garimpos (see attached map). Mineralization in these holes is associated primarily with zones of strong hydrothermal alteration and widespread quartz veins and veinlets. Mineralization is hosted mainly by a coarse-grained magnetite-bearing monzogranite body that intruded an older granodioritic intrusion and was subsequently intruded by a syenogranite plug. The vein system typically exhibits a greyish color, reflecting the presence of pyrite, galena, chalcopyrite and local pyrrhotite. The center of the hydrothermal zones is normally associated with sericite or sericite/quartz (phyllic) alteration surrounded by a more dominant black chlorite/sericite/carbonate assemblage. Gold mineralization, as well as zones of hydrothermal alteration, appear to be structurally controlled along a northeast trending system (040-060 degrees). Diamond drilling in the Phase I Program at Água Branca is now complete, with 2,416 metres drilled in thirteen diamond drill holes. Assay results for the final six holes are pending and will be released when received by the Company.

Expansion of Landholdings

The Company is also pleased to announce it has entered into option agreements to acquire a 100% interest in three blocks covering a further 10,950 hectares located south and west of the main 9,356 hectare Água Branca block. These acquisitions bring the Company’s total non-contiguous landholdings in the Água Branca area to 20,306 hectares (see attached map).

Field reconnaissance of the new landholdings began in late 2006 and three target areas were identified based on high-grade gold assays obtained from grab and/or channel samples. At the Paraίso target, grab samples from a sulphide-rich silicified rock with late-stage quartz veining returned 22.81, 14.54, 13.66 and 11.37 g/t Au. Grab samples from the Araguari target returned 13.06 and 6.81 g/t Au from sulphide-rich silicified rock, whose protolith was likely monzogranite. At the Jerimum target, channel sampling along the main shear zone returned 6.14 g/t Au over 3.80 metres. Individual samples within this 3.80-metre interval assayed up to 15.31 g/t Au over 1.00 metres. Regional soil sampling programs are currently being carried out over the Paraίso and Araguari targets, with the objective of better defining the mineralized zones and possible extensions prior to selection of drill targets.

Tony Ransom, President and CEO of BrazMin, states “We are encouraged by the initial drill results from Água Branca. All the holes for which assays have been received have returned significant gold mineralization, several of these with bonanza grades. The recent property acquisitions around Água Branca have more than doubled our landholdings in the area, and the results of initial fieldwork have been very positive with respect to identifying additional zones of gold mineralization.”

Drill Holes ABD-001 to ABD-006 and ABD-009 – Significant Results

ABD-001 (inclination: -55º, azimuth: 140º, length: 175.10 metres)

ABD-002 (inclination: -55º, azimuth: 320º, length: 184.90 metres)

ABD-003 (inclination: -55º, azimuth: 320º, length: 175.10 metres)

ABD-004 (inclination: -55º, azimuth: 140º, length: 190.10 metres)

ABD-005 (inclination: -55º, azimuth: 140º, length: 218.90 metres)

ABD-006 (inclination: -55º, azimuth: 140º, length: 165.85 metres)

ABD-009 (inclination: -55º, azimuth: 140º, length: 175.30 metres)

* widths are drill intersected and do not represent true widths
** Gold (“Au”) grades are uncut

Quality Assurance/Quality Control and Qualified Person

The drill holes reported in this release were 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 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, secured, and stored on-site until several holes are ready for transporting by road to SGS-Lakefield-Geosol Laboratorio Ltda’s (“Lakefield”) sample-preparation laboratory in Itaituba, Brazil. The entire half-core is crushed and two kilograms is pulverized and homogenized. 150 Gram pulps are then air-freighted by Lakefield to their main assay laboratory in Belo Horizonte, Minas Gerais State, Brazil. 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 using 50 gram aliquots. 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 include the submission by BrazMin of systematic duplicate and blank samples within the sample batches submitted to Lakefield. In addition, Lakefield inserts its own blanks and standards into each sample batch. The results from these control samples indicate acceptable consistency of analysis. Selected representative pulverized sample duplicates are submitted for referee analyses to ALS Chemex’s laboratory in Vancouver, an ISO 9001:2000 and ISO 17025 accredited laboratory which is independent of BrazMin.

The grab and channel samples reported in this release were collected by BrazMin geologists, prepared for analysis at SGS-Lakefield-Geosol Laboratorio Ltda’s (“Lakefield”) sample-preparation laboratory in Itaituba, Brazil and 150 gram pulps were air-freighted by Lakefield to their main assay laboratory in Belo Horizonte, Minas Gerais State, Brazil. Gold is determined by the same method as described above for core samples. Lakefield inserts its own standards and blanks into each sample batch. The results from these control samples indicate acceptable consistency of analysis.

BrazMin’s exploration programs are being managed by BrazMin’s President and CEO, Mr. Tony Ransom (Pr.Sci.Nat.), and, on-site, by BrazMin’s VP Exploration, Mr. Paulo Ilidio de Brito (Member: AusIMM), both of whom are qualified persons within the meaning of National Instrument 43-101. Mr. Ilidio de Brito, who is responsible for the technical material in this release, has verified the data disclosed in this release, including the sampling, analytical and test data underlying the information. Geological logging, sampling and core handling procedures were carried out under the supervision of Mr. Ilidio de Brito.

About BrazMin

BrazMin is a TSX-listed company focused on the acquisition, exploration and advancement of high quality gold projects, primarily in Brazil. BrazMin has a well-qualified exploration and management team with extensive experience and expertise in gold exploration and project management, both within Brazil and worldwide.

BrazMin has a treasury of approximately CDN$11.4M. The Company has 27,054,222 shares outstanding and 32,306,722 shares fully diluted. For additional information on BrazMin and its projects visit the Company’s website at www.brazmin.com or contact:

Fiona Childe, Ph.D., P.Geo.
VP Corporate Communications
Tau Capital Corp.
Tel: (416) 361-9636 x 227
Email: fchilde@taucapital.com

Forward-Looking Information

This press release contains certain “forward-looking statements”. All statements, other than statements of historical fact, that address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future (including, without limitation, statements regarding the Company’s exploration plans with respect to the Água Branca Gold Project, exploration results, and potential mineralization) are forward-looking statements. These forward-looking statements reflect the current expectations or beliefs of the Company based on information currently available to the Company. Forward-looking statements are subject to a number of risks and uncertainties that may cause the actual results of the Company to differ materially from those discussed in the forward-looking statements, and even if such actual results are realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on the Company. Factors that could cause actual results or events to differ materially from current expectations include, among other things, changes in gold prices, changes in equity markets, political developments in Brazil, changes to the regulations affecting the Company’s activities, delays in obtaining or failure to obtain required regulatory approvals, uncertainties relating to the availability and costs of financing needed in the future, the uncertainties involved in interpreting exploration results and other geological data, and the other risks involved in the gold exploration and development industry. Any forward-looking statement speaks only as of the date on which it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of buy . Although the Company believes that the assumptions inherent in the forward-looking statements are reasonable, forward-looking statements are not guarantees of future performance and accordingly undue reliance should not be put on such statements due to the inherent uncertainty therein.

The results of grab samples are disclosed in this release. Grab samples are select samples collected to determine the presence or absence of mineralization and may not be representative of the mineralized material in general. Channel samples and/or drilling are required to determine representative grades and widths.

The post BrazMin Intersects High-Grade Gold in Phase I Drilling and Expands Landholdings at Água Branca appeared first on Talon Metals Corp.

The acquisition (the “Acquisition”) of the Shares has resulted in BrazMin owning approximately 19.9% of the issued and outstanding common shares of Brazauro. Prior to the Acquisition BrazMin did not own beneficially, directly or indirectly, any shares of Brazauro. For a limited period of time Brazauro will have the right to direct the voting of the Shares except in certain conditions.

The Acquisition was effected through an issuance from treasury. The Shares of Brazauro were acquired for investment purposes. BrazMin together with joint actors may from time to time, depending on market and other conditions, increase its beneficial ownership, control or direction over the common shares or other securities of Brazauro, through market transactions, private agreements, treasury issuances, exercise of convertible securities, or otherwise.

An early warning report in respect of the above noted transaction will be filed on SEDAR and will be available at www.sedar.com.

For additional information on BrazMin please visit the Company’s website at www.brazmin.com or contact:

Fiona Childe, Ph.D., P.Geo.
VP Corporate Communications
Tau Capital Corp.
Tel: (416) 361-9636 x 227
Email: fchilde@taucapital.com

The post BrazMin Corp. Files Early Warning Report Following Acquisition of Common Shares of Brazauro Resources Corporation (TSX-V: BZO) appeared first on Talon Metals Corp.

All holes drilled by BrazMin in the current program intersected gold mineralization.  Results of the first seven holes were reported in a BrazMin news release dated January 9, 2007; highlights from the final six holes include:

• 35.62 g/t Au over 0.90 metres and 34.67 g/t Au over 0.60 metres in hole ABD-013;
• 1.89 g/t Au over 12.47 metres (including 12.74 g/t Au over 1.00 metres), 2.15 g/t Au over 9.80 metres, 14.20 g/t Au over 1.25 metres, and 8.05 g/t Au over 1.50 metres in hole ABD-011;
• 5.51 g/t Au over 1.04 metres and 5.36 g/t Au over 0.95 metres in hole ABD-007 and;
• 2.70 g/t Au over 3.50 metres (including 13.95 g/t Au over 0.50 metres) in hole ABD-010.

The Phase I Program focused on drill testing gold mineralized structures along the Camarão Hill target at Água Branca.  Camarão Hill is characterized by a 750 by 300 metre area of historic “garimpos” (artisanal workings).  Twelve of the thirteen holes were drilled to the southeast or northwest to test northeast trending mineralized structures for an initial 550 metre strike extent of the 750 metre extent of the garimpos; one hole (ABD-012) was drilled to the northeast to test potential cross-cutting structures  (see attached map).

Mineralization at Camarão Hill is associated primarily with zones of strong hydrothermal alteration and widespread quartz veins and veinlets.  Mineralization is hosted mainly by a coarse-grained magnetite-bearing monzogranite body that intruded an older granodiorite intrusion and was subsequently intruded by a syenogranite plug. The vein system typically exhibits a grayish color, reflecting the presence of pyrite, galena, chalcopyrite and local pyrrhotite. The center of the hydrothermal zones is normally associated with sericite or sericite/quartz (phyllic) alteration surrounded by a more dominant black chlorite/sericite/carbonate assemblage. Gold mineralization, as well as zones of hydrothermal alteration, appears to be structurally controlled along a northeast trending system (040-060 degrees).

Tony Ransom, President and CEO of BrazMin, states “The balance of drill holes from the Phase I Program on the Camarão Hill target intersected gold mineralization with bonanza grades. The Company will continue to conduct surface exploration over our expanded landholdings at Água Branca to prepare targets for possible future drilling.”

Drill Holes ABD-007, ABD-008 and ABD-010 to ABD-013 – Significant ResultsABD-007 (inclination: -55º, azimuth: 140º, length: 244.10 metres)

ABD-008 (inclination: -55º, azimuth: 140º, length: 175.10 metres)

ABD-010 (inclination: -55º, azimuth: 140º, length: 175.10 metres)

ABD-011 (inclination: -55º, azimuth: 140º, length: 175.10 metres)

ABD-012 (inclination: -50º, azimuth: 050º, length: 200.60 metres)

ABD-013 (inclination: -55º, azimuth: 140º, length: 160.70 metres)

*      widths are drill intersected and do not represent true widths
**     Gold (“Au”) grades are uncut

Quality Assurance/Quality Control and Qualified Person

The drill holes reported in this release were 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 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, secured, and stored on-site until several holes are ready for transporting by road to SGS-Lakefield-Geosol Laboratorio Ltda’s (“Lakefield”) sample-preparation laboratory in Itaituba, Brazil. The entire half-core is crushed and two kilograms is pulverized and homogenized. 150 Gram pulps are then air-freighted by Lakefield to their main assay laboratory in Belo Horizonte, Minas Gerais State, Brazil. 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 using 50 gram aliquots. 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 include the submission by BrazMin of systematic duplicate and blank samples within the sample batches submitted to Lakefield. In addition, Lakefield inserts its own blanks and standards into each sample batch. The results from these control samples indicate acceptable consistency of analysis. Selected representative pulverized sample duplicates are submitted for referee analyses to ALS Chemex’s laboratory in Vancouver, an ISO 9001:2000 and ISO 17025 accredited laboratory which is independent of BrazMin.

BrazMin’s exploration programs are being managed by BrazMin’s President and CEO, Mr. Tony Ransom (Pr.Sci.Nat.), and, on-site, by BrazMin’s VP Exploration, Mr. Paulo Ilidio de Brito (Member: AusIMM), both of whom are qualified persons within the meaning of National Instrument 43-101. Mr. Ilidio de Brito, who is responsible for the technical material in this release, has verified the data disclosed in this release, including the sampling, analytical and test data underlying the information.  Geological logging, sampling and core handling procedures were carried out under the supervision of Mr. Ilidio de Brito.

About BrazMin

BrazMin is a TSX-listed company focused on the acquisition, exploration and advancement of high quality resource projects. The Company currently has a portfolio of precious metal properties in Brazil. BrazMin has a well-qualified exploration and management team with extensive experience in exploration and project management, both within Brazil and worldwide.

BrazMin has a treasury of approximately CDN$10.7M and holds 13,150,000 common shares of Brazauro Resources Corporation, (TSX-V:BZO). The Company has 27,054,222 shares outstanding and 32,006,722 shares fully diluted. For additional information on BrazMin please visit the Company’s website at www.brazmin.com or contact:

Fiona Childe, Ph.D., P.Geo.
VP Corporate Communications
Tau Capital Corp.
Tel: (416) 361-9636 x 227
Email: fchilde@taucapital.com

Forward-Looking Information

This press release contains certain “forward-looking statements”. All statements, other than statements of historical fact, that address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future (including, without limitation, statements regarding the Company’s exploration plans and objectives with respect to the Água Branca Gold Project, exploration results, and potential mineralization) are forward-looking statements. These forward-looking statements reflect the current expectations or beliefs of the Company based on information currently available to the Company. Forward-looking statements are subject to a number of risks and uncertainties that may cause the actual results of the Company to differ materially from those discussed in the forward-looking statements, and even if such actual results are realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on the Company. Factors that could cause actual results or events to differ materially from current expectations include, among other things, changes in gold prices, changes in equity markets, political developments in Brazil, changes to the regulations affecting the Company’s activities, delays in obtaining or failure to obtain required regulatory approvals, uncertainties relating to the availability and costs of financing needed in the future, the uncertainties involved in interpreting drilling results and other geological data, and the other risks involved in the gold exploration and development industry. Any forward-looking statement speaks only as of the date on which it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of buy . Although the Company believes that the assumptions inherent in the forward-looking statements are reasonable, forward-looking statements are not guarantees of future performance and accordingly undue reliance should not be put on such statements due to the inherent uncertainty therein.

The post BrazMin Completes Água Branca Phase One Drill Program: Gold Mineralization Intersected in All Holes Drilled appeared first on Talon Metals Corp.

Dr. Fiona Childe is an experienced exploration geologist, with over fifteen years experience in the minerals industry. She has conducted exploration and research on mineral deposits with an emphasis on gold and base metal systems in the Americas and Africa, and has authored or co-authored over 20 articles related to geology and mineral deposits. Dr. Childe holds B.Sc. (Inorganic Chemistry) and M.Sc. (Geology) degrees from McGill University, and a Ph.D. (Economic Geology) from the Mineral Deposit Research Unit at the University of British Columbia. She has been a Professional Geoscientist with the Association of Professional Geoscientists of Ontario since 2002.

Dr. Childe has previously been involved with several public and private exploration and development companies, including Viceroy Exploration Limited and AfriOre Limited. She currently holds the position of Vice President, Corporate Communications with Tau Capital Corp. (“Tau”) and will transition from her role with Tau to her new position with BrazMin.

“On behalf of the board, it is my pleasure to formally welcome Fiona to the Company,” commented Sandra Cowan, Chairman of BrazMin. “Not only does she have a strong familiarity with BrazMin through her position with Tau, she brings to the Company an impressive technical background and experience in many facets of the exploration industry. Under her guidance, the Company intends to review BrazMin’s property portfolio, with a view to maximizing shareholder value, and aggressively pursue new opportunities.”

About BrazMin

BrazMin is a TSX-listed company focused on the acquisition, exploration and advancement of high quality resource projects. The Company currently has a portfolio of precious metal properties in Brazil. BrazMin has a well-qualified exploration and management team with extensive experience in exploration and project management, both within Brazil and worldwide.

BrazMin has a treasury of approximately CDN$10.7M and holds 13,150,000 common shares of Brazauro Resources Corporation, (TSX-V:BZO). The Company has 27,054,222 shares outstanding and 32,006,722 shares fully diluted. For additional information on BrazMin please visit the Company’s website at www.brazmin.com or contact:

Fiona Childe, Ph.D., P.Geo.
VP Corporate Communications
Tau Capital Corp.
Tel: (416) 361-9636 x 227
Email: fchilde@taucapital.com

The post BrazMin appoints new President and CEO appeared first on Talon Metals Corp.

Agua Branca

The road-accessible 20,306 hectare Água Branca Project (“Água Branca”) is located in the Tapajós Gold District. BrazMin holds option agreements to acquire a 100% interest in the Água Branca from several vendors, with net smelter return royalties of 1 to 2%.

In late 2006, BrazMin proceeded with a limited Phase One exploration program which included an airborne magnetometer survey, channel sampling and diamond drilling (2,416 metres in 13 holes), focusing on the Camarão Hill target, which represents the most developed of several target areas at Água Branca. The drill program was successful in intercepting mineralization in all holes drilled, several of which contained bonanza grades (see BrazMin news releases dated January 9 and February 13, 2007).

Property-wide reconnaissance exploration at Água Branca began in late 2006 and new target areas were identified based on high-grade gold assays in grab and/or channel samples; results from rock sampling ranged from below detection limit to 22 g/t Au. Soil grids were established over the Serra de Abelha and Heaven areas. A total of 159 soil samples were collected from the Heaven soil grid with no significant values found. A total of 207 soil samples were collected at 50 metre spacing over a 750 by 800 metre area on the Serra da Abelha soil grid, which is located 1.5 kilometres southeast of Camarão Hill. Gold in soil results from Serra da Abelha defined an 800 by 250 metre wide northwest trending gold anomaly, as defined by the +100 ppb gold in soil contour. Anomalous gold values range from 100 to 521 ppb Au and the anomaly is open to the northwest.

Campo Grande

In February to March, 2007 BrazMin conducted a nine hole (1,456 metre) Phase One diamond drill program on the Company’s Campo Grande project (“Campo Grande”). The road accessible Campo Grande lies approximately 20 kilometres northwest of the Turmalina mine, owned by Jaguar Mining Inc., and 100 kilometres west of Belo Horizonte. Campo Grande consists of three exploration licences totaling 2,611 hectares. Two of the licences are held by a wholly-owned subsidiary of BrazMin; the third is wholly-owned by a subsidiary of BrazMin and held in the name of a third party, with a production royalty of 1.5% payable to the third party.

Past work by previous operators outlined a 1.8 kilometre by 250 metre semi-coincident gold, arsenic and antimony soil anomaly which is open in one direction. In early 2007, BrazMin conducted a detailed geological mapping program, accompanied by rock sampling over the main geochemical anomaly at Campo Grande. Sulphide-bearing siliceous rocks which may suggest epithermal style gold mineralization were identified for the first time at Campo Grande.

Highlights of the Phase One drill program included hole CGD-002, which intersected 1.03 g/t Au over 7.98 metres from a depth of 20.90 metres, and 1.18 g/t Au over 20.55 metres from a depth of 45.20 metres, including 3.02 g/t Au over 4.47 metres. A summary of results from the nine holes is presented in Table 1. Exploration to date suggests a structural control to gold mineralization; additional fieldwork is being conducted to further define these controls.

Table 1. Campo Grande Phase One drill program assay summary.

¹ NSV = no significant values
² widths are drill intersected and do not represent true widths
³ Gold (“Au”) grades are uncut

New Acquisitions Currently the Company is actively reviewing several potential acquisitions, both within and outside of Brazil. The Company is focusing on the identification of previously under-explored regions considered by management to have potential for large-scale base and/or precious metal deposits.

Quality Assurance/Quality Control and Qualified Person

The drill holes reported in this release were 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 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, secured, and stored on-site until several holes are ready for transporting by road to SGS-Lakefield-Geosol Laboratorio Ltda’s (“Lakefield”) sample-preparation laboratory in Belo Horizone, Minas Gerais State, Brazil. The entire half-core is crushed and two kilograms is pulverized and homogenized. 150 Gram pulps. 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 using 50 gram aliquots. 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 include the submission by BrazMin of systematic duplicate and blank samples within the sample batches submitted to Lakefield. In addition, Lakefield inserts its own blanks and standards into each sample batch. The results from these control samples indicate acceptable consistency of analysis.

BrazMin’s exploration programs are being managed by BrazMin’s VP Exploration, Mr. Paulo Ilidio de Brito (Member: AusIMM), a qualified persons within the meaning of National Instrument 43-101. Mr. Ilidio de Brito, who is responsible for the technical material in this release, has verified the data disclosed in this release, including the sampling, analytical and test data underlying the information. Geological logging, sampling and core handling procedures were carried out under the supervision of Mr. Ilidio de Brito.

Please click here to view map of Campo Grande Property Phase One Drill Program.

About BrazMin

BrazMin is a TSX-listed company focused on the acquisition, exploration and advancement of high quality resource projects. BrazMin has a well-qualified exploration and management team with extensive experience in exploration and project management.

BrazMin has a treasury of approximately CDN$10.1M and holds 13,150,000 common shares of Brazauro Resources Corporation, (TSX-V:BZO). The Company has 27,054,222 shares outstanding and 32,088,722 shares fully diluted. For additional information on BrazMin please visit the Company’s website at www.brazmin.com or contact:

Erica Belling
VP Investor Relations
Tau Capital Corp.
Tel: (416) 361-9636 x 243
Email: ebelling@taucapital.com

Forward-Looking Information

BrazMin Exploration UpdateThis press release contains certain “forward-looking statements”. All statements, other than statements of historical fact, that address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future (including, without limitation, statements regarding the Company’s exploration plans and objectives) are forward-looking statements. These forward-looking statements reflect the current expectations or beliefs of the Company based on information currently available to the Company. Forward-looking statements are subject to a number of risks and uncertainties that may cause the actual results of the Company to differ materially from those discussed in the forward-looking statements, and even if such actual results are realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on the Company. Factors that could cause actual results or events to differ materially from current expectations include, among other things, changes in gold prices, changes in equity markets, changes to the regulations affecting the Company’s activities, delays in obtaining or failure to obtain required regulatory approvals, uncertainties relating to the availability and costs of financing needed in the future, the uncertainties involved in interpreting drilling results and other geological data, and the other risks involved in the gold exploration and development industry. Any forward-looking statement speaks only as of the date on which it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of buy . Although the Company believes that the assumptions inherent in the forward-looking statements are reasonable, forward-looking statements are not guarantees of future performance and accordingly undue reliance should not be put on such statements due to the inherent uncertainty therein.

The post BrazMin Exploration Update appeared first on Talon Metals Corp.

Capitalized exploration for the three month period amounted to $505,368, and costs of $744,214 were reduced as a result of the sale of the Tocantinzinho project. The total capitalized exploration to March 31, 2007 is $7,932,046, and mainly reflects work performed on the Sao Jorge Gold Project in Para State, Brazil.

Consolidated Interim Financial Statements for the three months ended March 31, 2007, together with Management’s Discussion and Analysis, have been filed on SEDAR and are available at www.sedar.com.

For additional information on BrazMin and its projects visit the Company’s website at www.brazmin.com or contact:

Erica Belling
VP Investor Relations
Tau Capital Corp.
Tel: (416) 361-9636 x 243
Email: ebelling@taucapital.com

The post Brazmin Reports Results for the Three Months Ended March 31, 2007 appeared first on Talon Metals Corp.

Coincident with the name change, the trading symbol on the TSX will change to “TLO” and a new web site will be launched at www.talonmetals.com. No change to the Company’s capital structure will result from the name change and shareholders do not have to exchange their BrazMin share certificates for Talon Metals Corp. share certificates.

Company management believe that the new name better reflects the intent to broaden the focus of the Company following the appointment of Dr. Fiona Childe as President and CEO, as well as the recent announcement that the Company is actively reviewing several potential acquisitions both within and outside Brazil.

“This name change marks a new chapter for our company as we advance our corporate strategy of exploring for the discovery of major metal assets in previously under-explored regions,” said Sandra Cowan, Chairman of the Company.

Election of New Directors

The Company also announces the election of two new directors to the board, Dr. Fiona Childe and Mr. Stuart Comline, at the annual meeting of shareholders held on June 25, 2007.

“I would like to welcome Dr. Childe and Mr. Comline to the board and thank Mr. Lewis for his contribution to the board, as he did not stand for re-election,” stated Ms. Cowan.

Dr. Fiona Childe, President and CEO of BrazMin Corp., is an experienced exploration geologist, with over fifteen years experience in the minerals industry. She has conducted exploration and research on mineral deposits with an emphasis on gold and base metal systems in the Americas and Africa. Dr. Childe holds B.Sc. (Inorganic Chemistry) and M.Sc. (Geology) degrees from McGill University, and a Ph.D. (Economic Geology) from the Mineral Deposit Research Unit at the University of British Columbia. She has been a Professional Geoscientist (P.Geo.) with the Association of Professional Geoscientists of Ontario since 2002. Dr. Childe has previously been involved with several public and private exploration and development companies, including Viceroy Exploration Limited and AfriOre Limited.

Mr. Comline is a past Chairman and President of AfriOre Limited, a TSX-listed mining company which was acquired by Lonmin plc for approximately C$500 million in January 2007. Mr. Comline has 35 years of experience in the exploration and mining industry in Africa and Canada. He spent 20 years with JCI Limited in a number of senior managerial positions, including General Manager, Exploration, responsible for all exploration activities and geology. He has experience in various commodities including gold, platinum, base metals and coal. Mr. Comline holds a B.Sc. (Hons.) from the University of Natal and a M.Sc. from the University of Western Ontario.

About BrazMin

The Company is listed on the TSX and is focused on the acquisition, exploration and advancement of high quality resource projects. The Company has a well-qualified exploration and management team with extensive experience in exploration and project management.

The Company has a treasury of approximately CDN$8.0 million and holds 13,150,000 common shares of Brazauro Resources Corporation, (TSX-V:BZO). The Company has 27,054,222 shares outstanding and 32,088,722 shares fully diluted. For additional information please visit the Company’s website at www.brazmin.com or contact:

Erica Belling
VP Investor Relations
Tau Capital Corp.
Tel: (416) 361-9636 x 243
Email: ebelling@taucapital.com

The post BrazMin Announces Intention to Change Name to “Talon Metals Corp.” and Election of New Directors appeared first on Talon Metals Corp.

Capitalized exploration for the second quarter of 2007 amounted to $601,661 and for the six month period $1,107,029. The total capitalized exploration to June 30, 2007 was $8,533,707 and mainly reflects work performed on the São Jorge Gold Project in Para State, Brazil.

Consolidated Interim Financial Statements for the three and six months ended June 30, 2007, along with Management’s Discussion and Analysis, have been filed on SEDAR and are available at www.sedar.com.

About Talon

Talon is a TSX-listed company focused on the acquisition, exploration and advancement of high quality mineral resource projects. The Company has a well-qualified exploration and management team with extensive experience in exploration and project management.

For additional information on Talon please visit the Company’s website at www.talonmetals.com or contact:

Erica Belling
VP Investor Relations
Tau Capital Corp.
Tel: (416) 361-9636 x 243
Email: ebelling@taucapital.com

The post Talon Metals Reports Second Quarter 2007 Results appeared first on Talon Metals Corp.

Heaven West Zone

Recent work has led to the discovery of Heaven West, a zone of high-grade gold mineralization.  High-grade grab samples from quartz veins include 132.2, 109.9, 107.0, 66.0 and 29.9 g/t Au.  Highlights from channel sampling of quartz veins and hydrothermally altered monzogranite include:

• 48.5 g/t Au over 1.50 metres in PGM-11*
• 14.5 g/t Au over 1.40 metres in CGM-02*; including 37.6 g/t Au over 0.40 metres
• 3.23 g/t Au over 5.70 metres in PGM-01**; including 22.6 g/t Au over 0.20 metres
• 44.3 g/t Au over 0.30 metres in PGM-15

(*open in one direction)
(** open in two directions)

Geological and structural mapping was conducted in conjunction with systematic channel sampling of hand-dug pits and limited surface exposures; channel widths often being limited by extent of exposure. A total of 95 rock samples (87 channel samples and 8 grab samples) were collected from a 900 by 250 metre area at Heaven West.  The actual limits of the zone have not yet been defined. 

Mineralization at Heaven West is hosted in sulphide-bearing quartz veins and saprolitic and hydrothermally altered medium to coarse-grained monzogranite, assigned to the Parauari intrusive suite. Hydrothermal alteration includes sericite, silica, pyrite and minor chlorite. Observed veins ranged in thickness from 1 to 70 centimetres and areas with closely spaced veins show pervasive wallrock alteration. Structural interpretation indicates the presence of a complex brittle zone composed of four main structural systems within a poorly developed broad northwest trending shear zone which parallels the dominant structural orientation of the region. North and northeast structures which crosscut the northwesterly shearing host high-grade gold mineralization.

Serra da Abelha Target

As reported in the Company’s news release of May 14, 2007, the Serra da Abelha target is defined by an 800 by 250 metre wide northwest trending +100 ppb gold in soil anomaly.  Anomalous gold in soil values range from 100 to 521 ppb Au and the anomaly is open to the northwest. Geological mapping and surface sampling is being conducted at Serra da Abelha prior to drill testing. Based on limited outcrops exposures, a similar geological and structural setting to the Heaven West area is recognized at Serra da Abelha.

2007 Exploration Program

The Company has commenced a Fall 2007 exploration program at Água Branca which will include geological and structural mapping, rock and channel sampling, grid based soil sampling and diamond drilling.  A total of $650,000 has been budgeted for the program.  Surface work is underway, with diamond drilling to commence in early October.  Boart Longyear Geoserv has been awarded a contract for a minimum 2,000 metre drill program. The 2007 drill program is designed to provide an initial test of both the Heaven West and Serra de Abelha targets.  Additional target areas may be tested based on the results of ongoing surface work.

Additional target areas at Água Branca include Jerimum, Carlinhos and Araguari. Geological mapping is ongoing and rock and grid-based soil sampling has been conducted at the Jerimum target; assay results are pending. Mapping and rock and soil geochemistry has commenced over the Carlinhos target.  Similar exploration is planned for Araguari and other pre-selected geophysical targets.  Power auger drilling equipment was recently moved to the Project and will provide additional information to define new drill targets.

Exploration at Água Branca is being managed by Talon’s VP Exploration, Mr. Paulo Ilidio de Brito (Member: AusIMM), who is a qualified person within the meaning of National Instrument 43-101. Mr. Ilidio de Brito, who is responsible for the technical material in this release, has verified the data disclosed in this release, including the sampling, analytical and test data underlying the information.

Água Branca Overview

The 48,043 hectare Project is located within the Tapajós Gold District (“Tapajós”) in Brazil’s Pará State.  The Tapajós is the site of significant alluvial gold production over the last forty years, with an estimated 19 million ounces of gold produced from a 168,000 square kilometre area*. Mineralization at Água Branca is associated with granitic intrusives and linear zones of hydrothermal alteration within a northwest-trending crustal-scale deformation zone characteristic of the Tapajós. The Project is the site of widespread historic “garimpos” (artisanal workings), in the form of hand dug pits and trenches up to 35 to 40 metres deep from which “garimpeiros” (artisanal miners) extracted gold from saprolite, the in-situ weathered rock overlying the primary bedrock. In 2006 the Company commenced exploration on the property, including a thirteen hole (2,416 metre) diamond drill program on Camarão Hill, the most advanced garimpo on the property. Gold mineralization was encountered in all holes drilled at Camarão Hill. Heaven West and Serra da Abelha are located 9.0 kilometres southwest and 1.5 kilometres southeast of Camarão Hill, respectively.

* The estimate of gold production from the Tapajós is of historic significance only.

About Talon

The Company is listed on the TSX and is focused on the acquisition, exploration and advancement of high quality mineral resource projects. The Company has a well-qualified exploration and management team with extensive experience in exploration and project management.

The Company has a treasury of approximately CDN$9.1 million and holds 13,150,000 common shares of Brazauro Resources Corporation (TSX-V:BZO). The Company has 27,054,222 shares outstanding and 32,503,722 shares fully diluted. For additional information please visit the Company’s websiteat www.talonmetals.com or contact:
Erica Belling
VP Investor Relations
Tau Capital Corp.
Tel: (416) 361-9636 x 243
Email: ebelling@taucapital.com

Quality Assurance / Quality Control

The grab and channel samples reported in this release were collected by Talon’s geologists, prepared for analysis at SGS-Geosol Laboratorio Ltda’s (“SGS-Geosol”) sample-preparation laboratory in Itaituba, Brazil and 150 gram pulps were air-freighted by SGS-Geosol to their main assay laboratory in Belo Horizonte, Minas Gerais State, Brazil. SGS-Geosol is independent of Talon.

The soil samples reported in the May 14, 2007 news release were collected by Talon’s geologists, prepared for analysis at SGS-Geosol’s sample-preparation laboratory in Itaituba, Brazil and 150 gram pulps were air-freighted by SGS-Geosol to their main assay laboratory in Belo Horizonte, Minas Gerais State, Brazil. Soil samples at Serra da Abelha were collected at 50 and 100 metre intervals (different spaces along intercalated lines) on 50 metre spaced lines on a 50-100 by 50 metre grid.

Gold is determined by fire assay/atomic absorption with a detection limit of 5 ppb Au using 50 gram aliquots. 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. SGS-Geosol inserts its own standards and blanks into each sample batch. The results from these control samples indicate acceptable consistency of analysis.

Forward-Looking Information

This press release contains certain “forward-looking statements”. All statements, other than statements of historical fact, that address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future (including, without limitation, statements regarding the Company’s exploration plans and objectives with respect to the Água Branca Gold Project, exploration results, and potential mineralization) are forward-looking statements. These forward-looking statements reflect the current expectations or beliefs of the Company based on information currently available to the Company. Forward-looking statements are subject to a number of risks and uncertainties that may cause the actual results of the Company to differ materially from those discussed in the forward-looking statements, and even if such actual results are realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on the Company. Factors that could cause actual results or events to differ materially from current expectations include, among other things, changes in gold prices, changes in equity markets, political developments in Brazil, changes to the regulations affecting the Company’s activities, delays in obtaining or failure to obtain required regulatory approvals, uncertainties relating to the availability and costs of financing needed in the future, the uncertainties involved in interpreting drilling results and other geological data, and the other risks involved in the gold exploration and development industry. Any forward-looking statement speaks only as of the date on which it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of buy . Although the Company believes that the assumptions inherent in the forward-looking statements are reasonable, forward-looking statements are not guarantees of future performance and accordingly undue reliance should not be put on such statements due to the inherent uncertainty therein.

The post Talon Announces Discovery of New Gold Zone at Água Branca and Commencement of Exploration Program appeared first on Talon Metals Corp.

“The proceeds from the sale of the Brazauro shares further strengthens the Company’s treasury, allowing us to proceed with our corporate objectives of continuing to explore our strategic assets, while pursuing new opportunities in base and precious metals,” said Dr. Fiona Childe, President and CEO of Talon.

Prior to the sale, Talon held 13.15 million common shares of Brazauro, representing 17% of the outstanding common shares of Brazauro. After giving effect to the sale, Talon holds approximately 4.9 million common shares of Brazauro (the “Brazauro Shares”), representing approximately 6% of the outstanding common shares of Brazauro. The sale was effected through the facilities of the TSX Venture Exchange.

An early warning report in respect of the above noted transaction will be filed on SEDAR and will be available at www.sedar.com. The common shares of Brazauro were acquired for investment purposes and are designated as an asset “held for trading” on the Company’s financial statements. Talon, together with other persons, may from time to time, depending on market and other conditions, increase or decrease (subject to the restrictions set out below) its beneficial ownership, control or direction over the common shares or other securities of Brazauro, through market transactions, private agreements, treasury issuances, acquisition and exercise of convertible securities or otherwise. However, as set out in detail in the early warning report, Talon has agreed that it will not sell any of the remaining Brazauro Shares for a period of six months, without the prior consent of Brazauro.

About Talon

Talon is a TSX-listed company focused on the acquisition, exploration and advancement of high quality resource projects. The Company has a well-qualified exploration and management team with extensive experience in exploration and project management.

Following the sale of the Brazauro shares, Talon will have a treasury of approximately $15.6 million and hold approximately 4.9 million common shares of Brazauro. None of Talon’s treasury is invested in asset backed commercial paper. The Company has 27,054,222 shares outstanding and 32,503,722 shares fully diluted. For additional information on Talon please visit the Company’s website at www.talonmetals.com or contact:

Erica Belling
VP Investor Relations
Tau Capital Corp.
Tel: (416) 361-9636 x 243
Email: ebelling@taucapital.com

The post Talon Enhances Treasury Through Sale of Brazauro Shares appeared first on Talon Metals Corp.