Brazauro to Acquire Bom Jardim Property

HOUSTON, TX - Brazauro Resources has entered into a Letter of Intent with Gold Fields Holding Company (BVI) Limited, a subsidiary of Gold Fields to acquire the Bom Jardim property consisting of approximately 22,700 hectares of concessions and application areas in the Tapaj—s region of Par‡ State, Brazil, subject to the back-in rights. Brazauro will issue Cdn$1 million in Brazauro shares for the Property.
The newly acquired Property lies adjacent and to the south of Brazauro's Bom Jardim/Circulo Project area. The combined project area totals more than 60,000 hectares and covers a topographically elevated circular feature with a diameter of at least 25 km that is clearly visible on satellite images. The widespread occurrence of acid, intermediate and basic volcanic rocks in this circular feature resembles a large volcanic caldera. Drainages coming off the elevated areas have been and are actively mined for gold by garimpeiros, indicating a potential source within the circular area.
Mark Jones, chairman and CEO, said, "We've had our sights on Bom Jardim for several years, and are very pleased to make this acquisition. In the Tapaj—s region, two of the largest garimpos, that is, informal gold mining camps, are Tocantinzinho and Bom Jardim/Circulo - approximately 90 km. apart and along the same major northwest-southeast gold-bearing trend. Just as the Company targets making Tocantinzinho the first major gold mine in the Tapaj—s, so too we mean to develop the potential along this major TZ trend. Having earlier gained control of the larger Circulo property, and now, by adding the smaller but significant Bom Jardim portion of the caldera - with Gold Fields as a shareholder and having the back-in or NSR rights on only that portion - our geological team has gotten to work right away."
The company's address is 16360 Park Ten Place, Suite 217, Houston, TX 77084, (281) 579-3400, fax: (281) 579-9799, email:  [email protected].