Nordique Resources Inc C.NORD

Brascan starts the first field program @ Alegre Gold Project

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Brascan Gold starts the first field program at the Alegre Gold Project
in Brazil

 

03/22/2022 | 07:57am EDT

 

The field program is under way at Brascan Gold Inc.'s Alegre gold project in Para state, northern Brazil.

Field crews are on site, commencing a five- month program that Brascan anticipates should define initial drill targets in the highly prospective gold mineralized areas highlighted by large-scale artisanal mining (garimpos). The program started with cutting a grid for geophysics, geochemistry and geological mapping surveys. A high-resolution drone magnetic survey will be conducted over high-priority gold targets associated with large-scale garimpos at the north end of the Alegre claim. Brascan believes that the gold mineralization being mined by the garimpeiros in the weathered near-surface deposits likely extends into the bedrock, following structures that can be mapped from exposures and geophysical surveys. Defining these structures is expected to produce bedrock drill targets associated with the gold mineralization that is currently being exploited by the garimpeiros in the near-surface weathered rocks.

Location of the Alegre gold project

The Alegre project is located on the same gold mineralization trend as Goldmining Inc.'s advanced Cachoeira gold project 15 kilometres to the north and Oz Minerals' CentroGold project 30 km to the south (considered one of Brazil's largest undeveloped gold projects). The mineral rights registry of the Agencia Nacional de Mineracao of Brazil shows that other adjacent neighbours to the Alegre gold project include subsidiaries of major Canadian gold producers - Kinross and Iamgold Corp.

Balbir Johal, director and chief executive officer, stated,
We are excited to start this initial exploration program on the Alegre gold project and intend to define gold drill targets in the basement beneath the garimpos.'

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