Brazil Gold Corp.
OTC Bulletin Board : BRZG

Brazil Gold Corp.

April 27, 2010 08:30 ET

Brazil Gold Announces Engagement & Mobilization of Geological Team

BELLEVUE, WASHINGTON--(Marketwire - April 27, 2010) - Brazil Gold Corp. ("Brazil Gold" or the "Company") (OTCBB:BRZG), is pleased to announce that Amazonia Capital e Participacoes Ltda ("Amazonia" or "ACP") has engaged the services of an Exploration Manager and is mobilizing a geological team on ACP's 2.1 million-acre mineral properties under agreement with the Company in the gold-rich western Amazon basin region of Brazil. 

ACP has engaged the services of professional geologist David F. Reid, MSc, MBA, P.Geo as their Exploration Manager - Brazil. Mr. Reid brings to the organization 35 years of technical and managerial exploration experience in the Americas, and globally in the search for and development of base and precious metals, diamonds and uranium. Mr. Reid graduated from Michigan Technological University (BSc Geology), the University of Minnesota-Duluth (MSc Geology) and Denver University (MBA). He is a member of the Association of Professional Engineers and Geophysicists of British Columbia, Canada and is a Qualified Person. He resides in Washington State and is associated with Discovery Consultants Ltd. of Vernon, BC. 

With his experience in a wide range of geologic environments, Mr. Reid will assume responsibilities for ACP's exploration programs on their properties in the states of Amazonas, Mato Grosso and Rondonia, Brazil. Phillip Jennings, Director of Brazil Gold, said, "ACP has retained an exceptional geologist in David Reid to help in high-grading our prospects in Brazil. Working alongside our own John Young, we now have a world-class team exploring our massive portfolio of mineral properties under agreement."

With the rainy season abating, the ACP geological team, led by Young & Reid, will return to the numerous prospective areas originally staked with the advantage of local knowledge and using GPS-located garimpeiro (hand-dug) mine data. The team will resume its sampling and exploration work to continue the high-grading process commenced late in 2009 in specific areas that have seen significant historical gold production by garimpeiros using rudimentary mining methods. There are numerous such mines dotting the ACP claims. Data acquisition, including a regional geochemical survey, and data compilation, combined with in-house prospecting, preliminary soil and saprolite (channel) sampling will be continued, all of which were curtailed due to the onset of the rainy season. The Company will report on specific sampling and general results of the program as data becomes available in the coming weeks.

About Brazil Gold Corp.:

Brazil Gold Corp. (OTCBB:BRZG) is a publicly-traded independent gold exploration company headquartered in Seattle, Washington, with an agreement to acquire over 861,000 hectares (2.1 million acres) of mineral exploration properties in the gold-rich western Amazon basin of Brazil, in areas that have seen significant historical gold production using only rudimentary methods. The stated objective of the Company is to explore for world-class gold deposits using modern technology in these untapped areas of minimal resource development. For more information, please visit www.brazilgold.com.

Statements in this news release that are not historical facts are forward-looking statements that are subject to risks and uncertainties. Words such as "expects," "intends," "plans," "may," "could," "should," "anticipates," "likely," "believes" and words of similar import also identify forward-looking statements. Forward-looking statements are based on current facts and analyses and other information that are based on forecasts of future results, estimates of amounts not yet determined and assumptions of management. The statements by our officers, and other statements regarding optimism related to the business, expanding exploration and development activities and other statements in this press release are forward-looking statements within the meaning of the Securities Litigation Reform Act of 1995. Such statements are based on current expectations, estimates and projections about the Company's business. Actual results could vary materially from the description contained herein due to many risk factors that affect the industry the Company operates in and other risk factors listed from time to time in the Company's Securities and Exchange Commission (SEC) filings under "risk factors" and elsewhere. The forward-looking statements contained in this press release speak only as of the date on which they are made, and the Company does not undertake any obligation to update any forward-looking statement to reflect events or circumstances after the date of this press release.

Contact Information

  • Brazil Gold Corp.
    Phillip E. Jennings
    Vice President & Director
    1-877-DIG-BRAZIL (1-877-344-2729)
    info@brazilgold.com
    www.brazilgold.com
    or
    NFC Corp.
    Geoffrey Eiten
    Investor Relations
    1-877-DIG-BRAZIL (1-877-344-2729)