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Brio Gold Inc.
Summary
| Project: | Fazenda Brasileiro Mine | |
|---|---|---|
| Deposit: | Fazenda Brasileiro Mine | |
| Location: | Brazil | |
| Commodities: | Gold | |
| Date: | 10/17/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Active Mining & Production | |
| Report details: | 17-10-2016: Brio Gold Inc. announces a Resource Estimation report for its Fazenda Brasileiro Mine deposit at the Fazenda Brasileiro Mine project. Updated mineral resource and ore reserve. Roscoe Postle Associates Inc. (RPA) was retained by Brio Gold Inc. | |
| Resources: | (Reserve, P+P): 6.496Mt @ 1.88g/t Au for 392000oz Au contained | |
| CP/QP: | [Resources]: Chester M. Moore (Roscoe Postle Associates Inc.) | |
| ABSTRACT: | Roscoe Postle Associates Inc. (RPA) was retained by Brio Gold Inc. (Brio) to prepare an independent Technical Report on the Fazenda Brasileiro Mine (MFB), located in Bahia state, Brazil. The purpose of this report is to document the Mineral Resource and Mineral Reserve estimates prepared by Yamana Gold Inc. (Yamana) for the MFB operations as of December 31, 2015. This Technical Report conforms to NI 43-101 Standards of Disclosure for Mineral Projects. RPA visited the property in March 2015. On December 14, 2014, it was announced that Brio was formed to hold the MFB gold mines, C1 Santa Luz, and Pilar, as well as some related exploration concessions, all of which were considered non-core assets within Yamana at that time. MFB is an open pit and underground mine, which has been operational since 1984. Yamana acquired the mine from Companhia Vale do Rio Doce (CVRD) in 2003. MFB started as a heap leach operation, however, a carbon-in-pulp (CIP) milling facility was added in 1988 to process underground ore. In 2015, the operation mined and processed approximately 1.2 million tonnes of ore, producing a total of approximately 61,000 ounces of gold, with most of the ore sourced from the underground mine. MFB’s gold production since 1984 totals approximately 3.2 million ounces. | |
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