HOUSTON, November 13 /CNW/ - Brazauro Resources (TSX VENTURE:BZO) reports
today that a private Brazilian power generation company has formally advised
Brazauro that, after September, 2008, when a new system of hydro power plants
will start operation, it would be prepared to supply sufficient electrical
power to enable Brazauro to operate a mill at the Tocantinzinho Project with a
through-put of at least 3,000,000 tonnes per year.
Brazauro has requisitioned a revised Preliminary Economic Assessment
which will provide preliminary economic figures based on various parameters
including the construction of a 3,000,000 tpa plant.
Brazauro's major asset is the 100% owned Tocantinzinho Gold Project (TZ)
in Brazil. In September 2007, the Company reported the completion of an NI
43-101-qualified resource estimate prepared by NCL Brasil Ltda. that stated
that TZ contains an indicated resource of 1,053,000 ounces of gold (24.6
million tonnes grading 1.33 g/t gold) and an inferred resource of 1,048,000
ounces of gold (27.7 million tonnes grading 1.18 g/t gold).
Brazauro is currently conducting a grid soil sampling program to pin
point drill targets in the vicinity of the TZ project and additional drilling
will be conducted at TZ to the Southeast and at depth.
At Crepori, Brazauro is presently completing an auger-soil-sampling
survey to delineate drill targets where drilling is anticipated to start
before the end of the year.
Mark E. Jones, III
Chairman, CEO, Brazauro Resources Corporation
The TSX Venture Exchange does not accept responsibility for the adequacy
or accuracy of this release. No stock exchange, securities commission or other
regulatory authority has approved or disapproved the information contained
herein.. Certain statements contained in this press release constitute
forward-looking statements which are not historical facts and are made
pursuant to the "safe harbour" provisions under the United States Private
Securities Litigation Reform Act of 1995. When used in this release, words
like "anticipate", "believe", "estimate", "expect", "will", "intend" and
similar expressions identify forward-looking statements. Forward-looking
statements are necessarily based upon a number of estimates and assumptions
that, while considered reasonable, are inherently subject to significant
business, economic, political and competitive uncertainties and contingencies.
Readers are cautioned that such forward-looking statements involve known and
unknown risks, uncertainties and other factors that may cause the actual
financial results, performance, achievements or position of the parties to be
materially different from the estimated or anticipated future results,
performance, achievements or position expressed or implied by those
forward-looking statements and the forward-looking statements are not
guarantees of future results, performance, position or achievements. The
risks, uncertainties and other factors include, but are not limited to:
changes in the worldwide price of gold or certain other commodities (such as
fuel and electricity) and currencies;; changes or disruptions in the
securities markets; legislative, political or economic developments in the
jurisdictions in which the companies carry on business; the occurrence of
natural disasters, hostilities, acts of war or terrorism; the need to obtain
permits and comply with laws and regulations and other regulatory
requirements; the possibility that actual results of work may differ from
projections/expectations or may not realize the perceived potential of the
company's projects; risks of accidents, equipment breakdowns and labour
disputes or other unanticipated difficulties or interruptions; the possibility
of cost overruns or unanticipated expenses in development programs; operating
or technical difficulties in connection with exploration, mining or
development activities; the speculative nature of gold exploration and
development, including the risks of diminishing quantities of grades of
reserves and resources; and the risks involved in the exploration, development
and mining business.
Brazauro disclaims any intention or obligation to update or revise any
forward-looking statements whether as a result of new information, future
events or otherwise.
For further information:
For further information: Brazauro Resources Chairman Mark Jones,
281-579-3400 firstname.lastname@example.org www.brazauroresources.com