Brazil Resources (TSX-V: BRI)(OTC: BRIZF) 855-630-1001

Brazil Resources wasted no time getting an NI 43-101 compliant resource estimate out on its newly acquired Titiribi gold-copper project in Colombia. The estimate confirms the wisdom of the acquisition. Titiribi has a measured and indicated resource of 4.63 million ounces of gold and an inferred resource of 3.25 million ounces of gold at a 0.3 g/t gold cut-off. The addition of Titiribi brings Brazil’s global resource estimate to 7.8 million ounces of gold (measured and indicated) and 10.3 million ounces of gold (inferred). On a gold equivalent basis, those numbers jump to 10.4 million ounces measured and indicated and 12.6 million ounces inferred. The project comes with 144,779 meters of drilling data from 270 holes. With all needed infrastructure readily available, Titiribi is ideally situated for development as an open-pit copper-gold mine.

For proof of that fact, one need look no further than the surrounding MidCauca Porphyry belt, which hosts several development- and production-stage gold projects, including AngloGold Ashanti’s Quebradona, B2Gold’s Gramalote, Continental Gold’s Buritica, Red Eagle’s San Ramon and Gran Colombia’s Marmato. The burst of activity owes to the relatively recent decision by the Colombian government to promote foreign development of the region. This has allowed areas with a history of artisanal mining to be plied with modern exploration techniques.

The Titiribi acquisition fits well with Brazil Resources’larger strategy of compiling a large portfolio of development stage gold projects in the Americas. The company’s overall portfolio also includes the Cachoeira and Sao Jorge gold projects in Para state Brazil, the Whistler gold-copper project in Alaska and the Rea uranium project in Alberta, Canada. Like the rest of the gold mar ket, Brazil Resources has surged ahead in 2016.

Indeed, the company is one of our bigger winners, posting a six-fold increase since my initial recommendation price back in early 2014. With Titiribi now in the fold, Brazil looks should continue to perform well as gold surges ahead. If you invested in the company on my earlier recommendations, you’re no doubt sitting on some nice profits. You’d be remiss not to take at least your risk capital off the table at this point, but be sure to keep a position in Brazil Resources. This company continues to be a strong lever on rising gold prices and a key hold at current levels.

Brazil Resources Inc. 
Recent Share Price: ................C$3.13
Shares Outstanding: .......94.2 million
Market Cap:.............C$294.8 million
Shares Outstanding
Fully Diluted:................118.6 million
Market Cap
Fully Diluted:...........C$371.2 million

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