Brazil Resources completes acquisition of Titiribi Gold-Copper Project from NovaCopper

Brazil Resources Inc. (TSXV:BRI,OTCQX:BRIZF) announced completion of the acquisition of Sunward Investments Limited, which owns 100% of the Titiribi Gold-Copper Project, from NovaCopper Inc. pursuant to the terms of the share purchase agreement announced on August 18, 2016.
Highlights:
The project hosts several styles of mineralization including gold-copper porphyry and associated epithermal gold mineralization in nine zones identified to date;
Approximately 144,779 metres of diamond drilling over 270 holes has been completed on the project;
The Company has commissioned a National Instrument 43-101 technical report and resource estimate for the project;
Total consideration under the transaction consisted of 5 million common shares and 1 million share purchase warrants;
The common shares issued at closing represent less than 5% dilution to existing BRI shareholders;
Nearby gold projects in development or in production include AngloGold’s Ashanti’s Quebradona, B2Gold’s Gramalote, Continental Gold’s Buritica, Red Eagle’s San Ramon, and Gran Colombia’s Marmato projects; and
Completion of the transaction represents another significant advance in Brazil Resources’ targeted growth strategy.
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