SOURCE: Brazil Gold Corp.

May 25, 2010 08:45 ET

Brazil Gold Reports on Exploration at Madeirinha

SEATTLE, WA--(Marketwire - May 25, 2010) -  Brazil Gold Corp. (OTCBB: BRZG) ("Brazil Gold" or the "Company") is pleased to report the initial results of preliminary exploration activities on the Madeirinha property, part of the extensive 2.1 million acre mineral claim holdings in the Amazon basin region of Brazil, currently under agreement between the Company and Amazonia Capital e Partipacoes Ltda. ("Amazonia").

The Madeirinha mineral tenures total four concessions encompassing 95,300 acres in Mato Grosso state in the southwestern Amazon region of Brazil. The claims are approximately 240 kilometers southwest of the city of Apui, site of the 2008 Dorado do Juma gold discovery. Primary exploration targets at Madeirinha are gold and copper mineralization associated with a sheared and deformed Archaean to Proterozoic age greenstone belt sequence comprised of metamorphosed volcanic/sedimentary rock units intruded by slightly younger post-tectonic bodies. The mineral tenures are all located within a large area mapped as the Paleoproterozoic Sao Romao Intrusive Suite, described as consisting mainly of metagranodiorite, metamonzogranite and metasyenogranite.

In 2008 Amazonia personnel conducted a test geochemical survey on an abandoned garimpeiro (hand-dug) site within the Madeirinha lands, collecting samples on a 100 meter by 100 meter grid from soil and saprolite at a one meter depth. Results of this survey indicate elevated gold and chromate samples in the data, as well as iron, nickel, chromium, and vanadium multi-line anomalies. These data will be verified by the upcoming 2010 exploration program. Garimpeiro tin mining activity is also known in the northern part of the project area.

Brazil Gold VP & Director Phillip Jennings commented, "We are extremely encouraged by the results of the Madeirinha survey -- the data definitely indicates that we are on the right path. Our upcoming accelerated exploration program will enable us to confirm the survey's findings so that we can capitalize on the high price of gold in today's market."

All samples from Madeirinha were treated as rocks being crushed/pulverized to -150 mesh. The project analytical work was conducted by SGS Geosol Laboratorios Ltda, located in Vespasiano, Brazil. The areas sampled by Amazonia to date at Madheirina represent a small portion (cut lines and surface samples) of the total land holdings in this project area. Other areas of garimpeiro activity are known to exist on adjoining mineral tenures to those sampled to date. These areas will be identified and evaluated by additional gridding and soil, saprolite and rock sampling.

About Brazil Gold Corp.:

Brazil Gold Corp. 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 evaluation and exploration 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.

Forward-Looking Statements

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

  • Contacts:
    Brazil Gold Corp.
    Phillip E. Jennings
    Vice President & Director
    1-877-DIG-BRAZIL (1-877-344-2729)

    Investor Relations
    NFC Corp.
    1-877-DIG-BRAZIL (1-877-344-2729)
    Email Contact
    www.brazilgold.com