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Brio Gold Inc.
Summary
| Project: | Santa Luz | |
|---|---|---|
| Deposit: | Santa Luz | |
| Location: | Brazil | |
| Commodities: | Gold | |
| Date: | 4/5/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Mine in Care & Maintenance | |
| Report details: | 5-4-2017: Brio Gold Inc. announces an Exploration/Drilling Update report for its Santa Luz deposit at the Santa Luz project. Drilling results incl. 17m @ 13.96g/t Au from 22.0m. BRIO GOLD INC. (TSX:BRIO) (“BRIO GOLD” or the “Company”) announces positive d | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Mark Stevens (Internal) | |
| ABSTRACT: | BRIO GOLD INC. (TSX:BRIO) (“BRIO GOLD” or the “Company”) announces positive drilling results from the most recently completed drill program which was conducted at its Santa Luz mine from December 2016 to March 2017. The exploration program focused on detailing and expanding a northwest-trending zone of high-grade gold mineralization in the northeastern portion of the main C1 open pit orebody and infill drilling in both the C1 and Antas 3 orebodies. A total of 4,158 meters in 28 core holes were completed. “This recent drilling program further demonstrates the significant upside potential at Santa Luz for both surface and underground mining at depth” commented Brio Gold’s president and CEO, Gil Clausen. “We expect these results will have a substantial positive impact on the updated mineral reserve and resource estimate that we plan to complete this quarter. This high-grade mineralized zone has been expanded from previous drilling and lies within the starter pit which may lead to an improved start-up plan for Santa Luz.” At the main C1 orebody, drilling successfully outlines a high-grade zone within the starter pit which has the potential to positively impact Santa Luz’s re-start, mine plan and mineral reserve and mineral resource. A plan view including a summary of significant drill results at the main C1 open pit orebody is shown in Figure 1. Figure 2 shows a cross section illustrating the depth, thickness and orientation of this zone within the C1 orebody. A summary of significant intercepts, including a comparison to historic highgrade intercepts, is provided below. The Company expects to incorporate the results from this drill program into an updated mineral reserve and mineral resource estimate in the second quarter of 2017. | |
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