Exploration Results Extend Previous Geochemical Trends and Develops An Additional Target Within the Tocantinzinho Trend
Trading Symbol: BZO-TSX.V
HOUSTON, May 14 /CNW/ - Brazauro Resources Corp. (TSX.V: BZO) today announced the initial results obtained from a series of geochemical soil samples from the recently optioned Agua Branca property, adjacent to the Company's flagship Tocantinzinho ("TZ") deposit in the Tapajos region of Para State, Brazil.
Results obtained by Brazauro's sampling have extended to the northwest an open soil anomaly identified by the previous owner, which had drilled six diamond holes showing hydrothermal alteration and mineralization very similar to Tocantinzinho. This north-westerly trending soil geochemistry anomaly extends more than 1,000 meters with values ranging between 100 ppb and 600 ppb gold. Brazauro plans an initial 2,000-meter drilling program to investigate this soil anomaly and scheduled to start in mid-May 2010.
As previously announced by Brazauro, the addition of Agua Branca to its portfolio of exploration and development properties in Brazil's Tapajos region, confirms the prospectivity of this area.
"The strong similarities between the mineralized, hydrothermally altered, granitic rocks associated with the newly discovered TZ deposit and core from previously drilled holes into the Agua Branca anomaly, together with the NW-SE alignment of both occurrences, indicate a potential for a TZ-like deposit at Agua Branca," said Leendert Krol, Director and Chief Technical Advisor for Brazauro.
Brazauro Resources is an established and well-financed gold exploration company focused on high-potential properties in the Tapajos region of Brazil. As well as its most advanced property, Tocantinzinho, Brazauro is also actively exploring other properties including the nearby Bom Jardim, Piranhas, Agua Branca and Andorinhas projects. The Company's shares are listed on the TSX Venture Exchange under the symbol BZO-V. Further information is available at www.brazauroresources.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts 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 may constitute forward-looking statements under Canadian securities legislation 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. Such forward-looking statements are based upon the Company's reasonable expectations and business plan at the date hereof, which are subject to change depending on economic, political and competitive circumstances and contingencies. Readers are cautioned that such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause a change in such assumptions and the actual outcomes and estimates to be materially different from those estimated or anticipated future results, achievements or position expressed or implied by those forward-looking statements. Risks, uncertainties and other factors that could cause the Company's plans to change include changes in demand for and price of gold and other commodities (such as fuel and electricity) and currencies; changes or disruptions in the securities markets; legislative, political or economic developments in Brazil; 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. The Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise.
SOURCE BRAZAURO RESOURCES CORP.
For further information: For further information: Brazauro Resources Corporation, James Komadina, President and Chief Operating Officer, (719) 330-4477; Mark Jones III, Chairman and CEO, (281) 579-3400; Media contact: John Lute, Lute & Company, (416) 929-5883, firstname.lastname@example.org