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Brio Gold Inc.
Summary
| Project: | Riacho Dos Machados | |
|---|---|---|
| Deposit: | Riacho Dos Machados | |
| 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 Riacho Dos Machados deposit at the Riacho Dos Machados project. Updated resources and reserves, filed in support of acquisition of project. Roscoe Postle Associates Inc. (RPA) was r | |
| Resources: | (Reserve, P+P): 18.869Mt @ 1.17g/t Au for 711000oz Au contained | |
| CP/QP: | [Resources]: Mark B. Mathisen (Roscoe Postle Associates Inc.) | |
| ABSTRACT: | Roscoe Postle Associates Inc. (RPA) was retained by Brio Gold Inc. (Brio) to prepare an independent Technical Report on Carpathian Gold Inc.’s (Carpathian) Mineração Riacho dos Machados (MRDM) gold mine (the Mine), located in the northern part of the Minas Gerais State, Brazil. The purpose of this report is to support the acquisition of the Mine by Brio. This Technical Report conforms to NI 43-101 Standards of Disclosure for Mineral Projects. RPA has visited the Mine several times, most recently from October 26 to 29, 2015. Brio is a wholly-owned subsidiary of Yamana Gold Inc. (Yamana), a publicly traded gold company with operating gold mines and development projects in Brazil, Chile, Mexico, Argentina, and Canada. On December 14, 2014, it was announced that Brio was formed to hold the Pilar operations, Santa Luz, and Fazenda Brasileiro gold mines, as well as some related exploration concessions, all of which were held as non-core assets within Yamana, and located in Brazil. Carpathian is an exploration and development company, whose primary business interest is the Mine and the Rovina Valley Au-Cu project in Romania. Carpathian acquired the Mine in 2008 and began production in 2014. The Rovina project is not part of the Brio transfer of assets into a public company. | |
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