Resouro Provides Update on Novo Mundo Gold Project
Resouro Provides Update on Novo Mundo Gold Project
Vancouver, B.C. – July 25, 2022 - Resouro Gold Inc. (“Resouro” or the “Company”) (TSXV: RAU) is pleased to
report that substantial progress has been made by its exploration team at the Company’s 100% owned Novo
Mundo Gold Project, in Brazil in the two months since Resouro began trading on the TSX-V. The Company
mobilized a drill rig and has completed three diamond drill holes and is currently drilling the fourth in the initial
13 hole drill program.
Key activities over the last two months have been.
1. Desktop review and modelling of historic data including; soil, rock chip and drilling data defining the
major mineralized trends within the main Novo Mundo Mineral Rights, which confirmed a number of
significant geochemical anomalies.
2. Diamond drill core from previous campaigns has now been re-logging to further defined hydrothermal
alteration and mineral assemblage associated with both trends. New codes will be used on the
geological modelling of the current drilling program.
3. Rock chips samples from two major open pits at the Luisão-Dionísio trend returned grades of 27.3g/ton
and 32.9 g/ton of Au. These sample were composed of quartz veins with sericite alteration and high
Pyrite content. A sample of the host hydrothermally altered granite was also collected and returned a
grade of 3.91 g/ton of Au.
4. The first two diamond drill holes drilled were targeted at Dionísio. Both intercepted at least two zones
with strong sericite + pyrite alteration and quartz veins, which are similar to the mineralized zones found
in historical drilling and rock chip samples from the open pit.
Christopher Eager (President and CEO) and Marcelo Carvalho (Chief Geologist) attended the 3rd Annual Seminar
of Mining in North of Mato Grosso, where Dr. Carvalho presented a technical paper about gold deposits in the
region.
Please visit Resouro’s website at www.resouro.com for further information and subscribe to Resouro’s mailing
list.
Qualified Persons
The technical content of this news release has been reviewed and approved by Marcelo Juilano de Carvalho, BSc
and MSc in Geology, PhD in Regional Metalogenesis, a Director, Chief Operating Officer and Chief Geologist of
the Company, and a Qualified Person as defined by National Instrument 43-101 – Standards of Disclosure for
Mineral Projects.
Quality Analysis and Quality Control
Sample preparation was undertaken by ALS Laboratories in Goiana, Brasil. Pulps are transported to ALS
Laboratories in Lima, Peru, and analyzed for gold and silver using Fire Assay using 50g aliquots with Atomic
Absorption Spectroscopy (AAS) finish. Additionally, samples were analyzed for a 48-element package by ICP-MS.
Where coarse gold is suspected, Screen Fire Assay was requested. Analytical accuracy and precision are
monitored by the analysis of reagent blanks, reference material, and replicate samples by the laboratory. Quality
control is further assured by Resouro’ s QA/QC program, including the inclusion of field duplicates (1 every 40
samples), blanks (1 every 25 samples) and certified standards (1 every 25 samples. Coarse rejects and pulps are
retained and stored by ALS.
About Resouro Gold Inc.
Resouro is a Canadian based mineral exploration company focused on the discovery and advancement of
economic mineral projects in Brazil. The Company’s key exploration asset is the 100% owned Novo Mundo Gold
Project in Mato Grosso, Brazil.
For further information, please contact the Company at:
Resouro Gold Inc
Telephone: 604.377.0403
https://resouro.com
Reader Advisory
This news release may contain statements which constitute “forward-looking information”, including statements
regarding the plans, intentions, beliefs and current expectations of the Company, its directors, or its officers with
respect to the future business activities of the Company. The words “may”, “would”, “could”, “will”, “intend”,
“plan”, “anticipate”, “believe”, “estimate”, “expect” and similar expressions, as they relate to the Company, or
its management, are intended to identify such forward-looking statements. Investors are cautioned that any such
forward-looking statements are not guarantees of future business activities and involve risks and uncertainties,
and that the Company’s future business activities may differ materially from those in the forward -looking
statements as a result of various factors, including, but not limited to, fluctuations in market prices, successes of
the operations of the Company, continued availability of capital and financing and general economic, market or
business conditions. There can be no assurances that such information will prove accurate and, therefore, readers
are advised to rely on their own evaluation of such uncertainties. The Company does not assume any obligation
to update any forward-looking information except as required under the applicable securities laws.
This news release includes data that has been obtained from third party sources, including industry publications.
The Company believes that the industry data is accurate and that its estimates and assumptions are reasonable,
but there is no assurance as to the accuracy or completeness of this data. Third party sources generally state that
the information contained therein has been obtained from sources believed to be reliable, but there is no
assurance as to the accuracy or completeness of included information. Although the data is believed to be
reliable, the Company has not independently verified any of the data from third party sources referred to in this
news release.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.