Monday, November 11, 2019 7:19:30 AM
PASADENA, Calif., Nov. 11, 2019 (GLOBE NEWSWIRE) -- via OTC PR WIRE -- Brazil Minerals, Inc. (BMIX) (the "Company" or "Brazil Minerals") announced today that the first run of the production of diamonds from its current mining site was better than expected. Diamondiferous gravel was extracted, transported, and processed through a nearby first-stage recovery plant. The resulting high-probability partially-processed ore was then further separated by granulometric characteristics into “small”, “medium”, and “large size” material, each of which needs to be further processed for final recovery of rough diamonds. The attached photograph shows two of the rough diamonds recovered from the first complete run of the “small size” material.
The operating team at Brazil Minerals was pleasantly surprised as these initially-recovered diamonds were on average bigger than those retrieved under similar methodology from other mining areas in the same district, and their concentration was higher as well.
As previously disclosed, in prior areas mined by Brazil Minerals in the same Jequitinhonha River Valley mining district, over 95% of the produced rough diamonds were gems suited for jewelry use. The Company had several rough diamonds polished, certified, and graded at the Gemological Institute of America (“GIA”) in the U.S., which is considered a premier analytical laboratory for gems. Their highest color grade was “E”, the second-best color (note: the scale starts at “D”). Their best clarity was “VVS1”, the second-best clarity. The majority graded F-G for color and VVS2-VS2 for clarity, and weighed between 0.4 and 2.0 carats. The Rapaport valuation of such Brazil Minerals’ GIA-graded diamonds was $3,250 per carat.
The Company will further process “medium size” and “large size” partially-processed ore in the next several days. Careful analysis of these results is important because the recovery steps are adaptable to the granulometric characteristics of the rough diamonds seen. The goal is to maximize the yield on diamond recovery prior to processing stockpiled ore. Below is a photograph of part of the diamond recovery facilities and members of our technical team.
https://finance.yahoo.com/news/brazil-minerals-inc-recovers-initial-110000702.html
This post is my personal opinion. I do not provide investment advice.
ImOnABoat
Recent ATLX News
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/13/2024 07:27:37 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/11/2024 10:51:23 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 09/10/2024 09:43:19 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/31/2024 01:00:05 AM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 08/29/2024 08:05:06 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 08/28/2024 08:48:20 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/27/2024 09:15:12 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/22/2024 09:25:03 PM
- Form 3 - Initial statement of beneficial ownership of securities • Edgar (US Regulatory) • 08/22/2024 09:20:22 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/22/2024 09:15:24 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 07/25/2024 09:05:05 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 07/23/2024 09:00:10 PM
- Form SC 13G/A - Statement of Beneficial Ownership by Certain Investors: [Amend] • Edgar (US Regulatory) • 07/12/2024 09:13:20 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 06/05/2024 08:10:17 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/10/2024 09:00:25 PM
- Form DEFA14A - Additional definitive proxy soliciting materials and Rule 14(a)(12) material • Edgar (US Regulatory) • 05/07/2024 08:30:16 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/06/2024 09:19:52 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/09/2024 02:30:09 AM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 03/06/2024 11:01:55 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/17/2024 02:30:41 AM
- Form SC 13G/A - Statement of acquisition of beneficial ownership by individuals: [Amend] • Edgar (US Regulatory) • 02/14/2024 04:55:05 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/12/2024 09:30:35 PM
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM
Dear Cashmere Group Holding Co. AKA Swifty Global Signs Binding Letter of Intent to be Acquired by Signing Day Sports • DRCR • Sep 19, 2024 10:26 AM
HealthLynked Launches Virtual Urgent Care Through Partnership with Lyric Health. • HLYK • Sep 19, 2024 8:00 AM
Element79 Gold Corp. Appoints Kevin Arias as Advisor to the Board of Directors, Strengthening Strategic Leadership • ELMGF • Sep 18, 2024 10:29 AM
Mawson Finland Limited Further Expands the Known Mineralized Zones at Rajapalot: Palokas step-out drills 7 metres @ 9.1 g/t gold & 706 ppm cobalt • MFL • Sep 17, 2024 9:02 AM
PickleJar Announces Integration With OptCulture to Deliver Holistic Fan Experiences at Venue Point of Sale • PKLE • Sep 17, 2024 8:00 AM