Home > Boards > US Listed > Mining/Resources > Jupiter Gold Corp. (JUPGF)

BRAZIL MINERALS, INC. UPDATES ON MINING NEW GOLD

Public Reply | Private Reply | Keep | Last ReadPost New MsgReplies (1) | Next 10 | Previous | Next
ImOnABoat Member Profile
Member Level 
Followed By 522
Posts 8,888
Boards Moderated 2
Alias Born 05/02/09
160x600 placeholder
ImOnABoat Member Level  Tuesday, 05/14/19 10:56:49 AM
Re: None
Post # of 80 
BRAZIL MINERALS, INC. UPDATES ON MINING NEW GOLD AND DIAMOND AREA

PASADENA, CA--(May 14, 2019) - Brazil Minerals, Inc. (OTC: BMIX) (the "Company" or "Brazil Minerals") announced today that it is in advanced planning for a gold and diamond open-sky operation in the Jequitinhonha River Valley. Last week, the Company finished three of a total of six drill holes for the purpose of demarcating the precise boundaries of the initial mining pit. In this mineral right, as previously announced, a drilling campaign showed gold in all 35 drill holes, as well as markers for diamonds in a majority of them. Since this mineral right has a total surface area of 1,310 acres and given its high-quality results to date, it offers the potential to be mined as open pit over a substantial period of time.

In parallel with the above, a Brazil Minerals’ geologist is evaluating where a second gold and diamond operation could be placed among the Company’s many other mineral rights in the Jequitinhonha River Valley, which together have more than 25,000 acres of surface area. Several of these rights are already at the mining concession stage, the highest titled category in Brazil. Currently, there appears to be seven potential new mine sites each within a different mineral right owned by the Company.

Brazil Minerals believes that it is making good progress towards its goal for its Jequitinhonha River Valley assets which is to obtain a steady cash flow stream through profitable mining of gold and diamonds at each site. Such mining will be low-cost, open-sky, year-round using smaller plants based on centrifugation since the gold is found in fine powder format within gravel/alluvium.

https://finance.yahoo.com/news/brazil-minerals-inc-updates-mining-110000348.html




This post is my personal opinion. I do not provide investment advice.

ImOnABoat
Public Reply | Private Reply | Keep | Last ReadPost New MsgReplies (1) | Next 10 | Previous | Next
Follow Board Follow Board Keyboard Shortcuts Report TOS Violation
X
Current Price
Change
Volume
Detailed Quote - Discussion Board
Intraday Chart
+/- to Watchlist