A new field in the Jequitinhonha River
Brazil Minerals, announced that a new field in one of its properties in the Jequitinhonha River valley in Brazil is beginning to produce gold and diamonds. The Company is actively removing alluvium-type mineralized material found after excavating 60 feet deep in a dry area.
Every truckload of material processed in the modular recovery unit operated by the Company has yielded fine gold. The concentration of gold obtained from each production run has varied, which is expected from an alluvium-type deposit, and ranged from economically feasible to highly attractive.
Additional production data will allow the calculation of a gold concentration average for the deposit. Gem-quality diamonds have also been recovered from sectors of this deposit. A photograph of the mining area follows. As the dry season begins next month, the Company also plans to execute drilling campaigns on several targets.
Some of the drilling will be near the current gold and diamond mining area, looking for additional deposits. Other high potential targets to be evaluated will come from claims owned by the Company and ranked from within the BMIX Mineral Bank, its repository of properties. Brazil Minerals intends to prioritize evaluation of its new lithium claim. Additionally, the Company is actively analyzing other high-quality claims in various minerals to add to the BMIX Mineral Bank.
