$BMIX Yes that is why timing is everything when investing in a mining company
Main site progressing well: auriferous and diamondiferous alluvial material was reached and is being removed and processed for recovery of diamonds and gold. #BMIX #diamonds #gold
Main site progressing well: auriferous and diamondiferous alluvial material was reached and is being removed and processed for recovery of diamonds and gold. #BMIX#diamonds#goldpic.twitter.com/aWaE3cMpdX
— Atlas Lithium (Nasdaq: ATLX) (@Atlas_Lithium) October 9, 2019
Luckily for current investors we are only days away from Market Shock & Awe when the numbers come
$BMIX DD FOR THE NEW MINE SITE WITH LINKS TO SHOW VERIFICATION OF EVERYTHING
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
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
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