Brazil Minerals advances licensing requirements for gold and diamond project
Published by Nicholas Woodroof,
Editor
Global Mining Review,
On 18 September 2018, the company announced that 35 out of 35 drill holes in a drilling campaign undertaken in the area were visually positive for gold and on 20 September 2018, the company further announced the discovery on such property of a geological band with high probability of extractable diamonds.
Since presenting these news items, Brazil Minerals has hired additional consultants, including an expert in the licensing of new mining projects with regulatory bodies. The company has had positive meetings with such regulators and is now engaged in finalising an application for an initial commercial mining operation in the area.
As of now, Brazil Minerals believes that this area could be revenue-generating within 2Q19.
Read the article online at: https://www.globalminingreview.com/finance-business/06112018/brazil-minerals-advances-licensing-requirements-for-gold-and-diamond-project/
You might also like
Seabed mining and the future of critical mineral supply from frontier opportunity to emerging resource sector
James Deckelman, CEO of Deep Sea Minerals Corp., examines how supply and demand pressures, evolving offshore capabilities, and emerging regulatory frameworks may be positioning seabed minerals as a new critical mineral supply source.