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Successful drilling project for Brazil Minerals; gold discovered in 35/35 holes

Published by , Assistant Editor
Global Mining Review,

Brazil Minerals, Inc. (Brazil Minerals) recently concluded an extensive drilling campaign of one of mineral rights in the Jequitinhonha River Valley located in the northern part of the state of Minas Gerais in Brazil.

The company drilled 35 holes spaced 30 - 50 m utilising a Banka 4 in. drill. All holes were positive for fine gold as observed by the drilling team, with samples collected for quantitative geochemical analysis. The average depth for the auriferous gravel layer was 8 m and with a thickness between 1.5 - 9.3 m.

The target area which was studied in this drilling campaign is an alluvial plain along the Jequitinhonha River, an area known for placer mining for gold and diamonds.

CEO of Brazil Minerals, Marc Fogassa, commented, “Finding gold in 35 out of 35 drill holes is a strong result. We focused our drilling campaign in a virgin area that was relatively close to old settler activity which is usually an effective marker. Most importantly, we have been able to acquire critical data to guide us in the forthcoming mining site planning and development.”

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