Brascan Gold Inc. (CSE: BRAS)

Projects

Para State is the second most active mining state in Brazil with excellent infrastructure including electricity, water, road Access and skilled workforce. Para State has low tax rates and transparent permitting processes. Generally, Brazil faces challenging economic times, high unemployment and a devalued currency. BRAZIL presents an excellent timely opportunity for BRASCAN to acquire, explore and discover gold deposits at lower costs. Moreover, Brascan is positioned to look at the best gold opportunities with its stellar technical team situated in Brazil, particularly PARA STATE.

Alegre Gold Project, Para Statae, Brazil

CBM’s Alegre Gold Property has excellent potential to discover and delineate a gold resource that can support industrial-scale gold production. Gold production from the small-scale garimpeiro operations that are active on the property are reportedly producing in excess of 1 kilogram of gold per week (32 troy ounces) from shallow surface excavations which have exposed a mineralized shear zone with widths of up to 40 metres. Gold mineralization has been traced via the garimpo operations along a strike length of approximately 7.5km.

• Encompasses a number of gold occurrences that are associated with the north-west trending Tentugal Shear Zone of the Gurupi Greenstone Belt in the State of Pará, Brazil
• Four active small scale gold “garimpeiro” mining operations on the Project and at least three other areas which have supported shallow small-scale production
• Gold mineralization has been traced via the garimpo operations along a strike length of approximately 7.5km
• No systematic mineral exploration has been conducted on the Project
• The Project covers the same gold-bearing structural trend that hosts the Cachoeira deposit of Gold Mining (GOLD-TSX) situated 15 kilometres to the north, and Oz Minerals (OSL-ASX) Centrogold Project situated 30 kilometres to the south-east
• The Alegre Gold Project is owned 100% by Chapada do Brasil Ltda., a private company registered in Brazil
• The Project covers roughly 9,465 hectares and is held under a single exploration licence issued by the Agência Nacional de Mineração (“ANM”) under registration number 850.995/2021

Geological Settings of Alegre Gold project

• Alegre Gold Project is situated in the Gurupi Greenstone Belt, a Neo-Proterozoic mobile belt located along the southern margin of the São Luis Craton
• Gold deposits occur in the Gurupi Belt along a northwest-trending fault zone structure called the Tentugal Shear Zone
• Most of the gold mineralization is found in a volcano-sedimentary sequence called the Chega Tudo Formation

Middle Arm Fault – Newfoundland

The Middle Arm Fault Property is located approximately 30 km south of the town of Baie Verte, Newfoundland. The Property comprises three contiguous minerals claims covering 650 hectares and is easily accessible by a forest road.

Newfoundland and Labrador is ranked among the top 10 mining jurisdictions world-wide by the Fraser Institute, and boasts excellent infrastructure reflecting its long mining history including roads, grid power, port facilities, complete mining services as well as a skilled and experienced workforce.

The option claims are contiguous with the northern boundary of Maritime Resources Corp.’s Whisker Valley Project, and 14 km north of Maritime’s past-producer Hammerdown gold deposit, which is described in some detail in Maritime’s PEA (McCracken et al., 2020).

The Property covers a portion of the regionally significant Middle Arm Fault, which extends more than 15 km to the southwest, where it is spatially associated with several gold showings, as reported on the Newfoundland and Labrador Geoscience Atlas (https://geoatlas.gov.nl.ca/Default.htm). A 2.5 km long magnetic high anomaly occurs adjacent to the Middle Arm Fault on the Property, and Brascan considers this anomaly to be a target warranting follow up exploration.