|Brazilian Gold Corp. - BGC.v is advancing a portfolio of gold projects in the Tapajós region of northern Brazil.
Flagship is the São Jorge project with a NI43-101 compliant indicated mineral resource of 11.365 Mt grading 1.0 g/t gold (379,000 ounces of contained gold) and an inferred mineral resource of 20.673 Mt grading 0.8 g/t gold (558,000 ounces of contained gold) at a 0.3 g/t cut-off.
Brazilian Gold Corp. - BGC.v
Look at Serabi Gold at Tapajos province. Brazil gold is good but upside here is bigger.
Trades on AIM/TSX
Resource is 0.6 mln oz
All mining infrastructure is there and has been on maintenance since 2008
Just planning to carry out small placement to fund PEA for restart of operations at high grade Palito mine. Mining licence granted and all still fully permitted. Eldorado has 26.3 % holding. New high grade targets found in 2011 and a tiny market cap after 2011. It is off people's radar. Approx. 100 mln shares after proposed placement with current share price of 12 pence (current market cap of 8-9 mln pounds and 12 mln after placement if we assume todays price).
Market cap is tiny when compared to others and yet if they restart their mining operations initally for 20 000 oz/year via selective mining there should be very little money needed.