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Wednesday, October 09, 2019 9:41:08 PM
From previous owners to acquisition to test mining and drilling to full scale production.
Mineracao Duas Barras Ltda owns the Duas Barras Mine.
Previously they had dealings with Vaaldium Resources to operate the mine.
Vaaldium completed an NI 43-101 with about 200 drill holes completed on the property
https://xmbl.files.wordpress.com/2014/07/duas-barras-ni-43-101.pdf
They built a $2.5 mil processing facility to process the diamonds from the mine site. They made upwards to and a little over $8 mil a year operating the mine once they increased their production after the initial startup of operations.
But Vaaldium closed the mine and backed out when the market crashed and the diamond prices fell it 2010/2011.
https://investorshub.advfn.com/uimage/uploads/2019/9/2/iyhzqUntitled.png
BMIX acquired 100% of Mineracao Duas Barras Ltda over a short period of time in several transactions after that.BMIX renamed the Duas Burras Mine the Pindaiba Gold & Diamond Project
http://www.brazil-minerals.com/pindaiba-project/
They did some test mining with a third party company using a modular plant with Gold Centrifuges.
https://investorshub.advfn.com/uimage/uploads/2019/10/9/pus[wUntitled1.png
It was discovered that the $2.5 mil facility was set up more for diamond recovery than gold recovery from the white alluvial gravels located at the bottom of the deposit near the bedrock layer. The modular plant is designed for gold recovery within the alluvial sands that are on top of the white alluvial gravel layer.
BMIX with testing found the $2.5 mil facility only recovers around 40% of the gold while the modular plant recovers around 90% of the gold from the alluvial sands.
https://investorshub.advfn.com/uimage/uploads/2019/10/9/ogdfhUntitled.png
With this new discovery of more gold in the deposit.BMIX built their own Modular Recovery Plant
Brazil Minerals Releases Video of First Operating Modular Plant for Diamond and Gold
https://www.accesswire.com/457855/Brazil-Minerals-Releases-Video-of-First-Operating-Modular-Plant-for-Diamond-and-Gold
BMIX decided to do more drilling and drilled 35 more holes in the deposit.
Brazil Minerals, Inc. Strikes Gold in 35 of 35 Drill Holes in a Northern Minas Gerais Project
https://www.prnewswire.com/news-releases/brazil-minerals-inc-strikes-gold-in-35-of-35-drill-holes-in-a-northern-minas-gerais-project-300714293.html
Using 6 drill holes they marked where to begin mining operations at the new mine site.
Brazil Minerals, Inc. Updates on Mining New Gold and Diamond Area
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
https://www.globenewswire.com/news-release/2019/05/14/1823549/0/en/Brazil-Minerals-Inc-Updates-on-Mining-New-Gold-and-Diamond-Area.html
MINING LICENSE APPROVED BY THE BRAZIL MINING AUTHORITY
June 4, 2019 - Brazil Minerals, Inc. (OTC: BMIX) (the "Company" or "Brazil Minerals") announced today that it has obtained the last necessary approval from a regulatory entity in Brazil to allow mining for gold and diamonds in one of its many Jequitinhonha River Valley mineral rights.
http://www.brazil-minerals.com/wp-content/uploads/2019/06/BMIX-PR-2019.06.04.pdf
BMIX begins to remove the overburden soil in order to reach the depth needed to begin mining.
https://mailchi.mp/brazil-minerals/brazil-minerals-inc-updates-on-diamond-gold-mining-operations
10/09/2019 Main site progressing well: auriferous and diamondiferous alluvial material was reached and is being removed and processed for recovery of diamonds and gold.
https://twitter.com/BMIXStock?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor
New company logo for gold bars https://investorshub.advfn.com/uimage/uploads/2019/8/28/wnb[vUntitled.png
Satellite view of the $2.5 mil facility
https://investorshub.advfn.com/uimage/uploads/2019/8/17/qorqlUntitled.png
https://investorshub.advfn.com/uimage/uploads/2019/8/13/plsojUntitled_1111.png
Modular Plant Video
$2.5 Mil facility video
Al Capone's Vault http://investorshub.advfn.com/boards/board.aspx?board_id=19446
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