Brazil Resources Announces Permitting Milestone for Cachoeira Gold

Brazil Resources Inc. (TSXV:BRI,OTCQX:BRIZF) has submitted all required documents to Brazil’s Department of Mining Production in support of maintaining the mining license for its Cachoeira Project in Brazil. This represents a significant milestone in the permitting process for Cachoeira. In addition to being critical to the mining license for the project, the submitted documents will also be integral to environmental licensing requirements described in a previous announcement on April 7.

As quoted in the press release:

As previously reported, the purpose of the submission is to extend the date for commencement of mining operations at the Cachoeira Project from April 2014 to June 2016. The documents submitted to the DNPM include required conceptual engineering studies and analysis, which the Company expects to incorporate into a future NI 43-101 preliminary economic assessment for the project. The documents submitted to the DNPM are not a preliminary economic assessment within the meaning of National Instrument 43-101 (“NI 43-101″) and no production decision with respect to the Cachoeira Project has been made.

Brazil Resources CEO, Stephen Swatton, said:

The completion of this DNPM documentation is necessary to support the Company’s right to mine the Cachoeira gold deposit and we expect it to form part of the foundation for a future preliminary economic assessment on the project.

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