Brazil Minerals mining for gold and diamonds

Brazil Minerals, Inc announced that it had concluded an extensive drilling campaign of one of its several 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 to 50 meters utilizing a Banka 4-inch 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 meters and with a thickness between 1.5 to 9.3 meters.

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.  Marc Fogassa, CEO of the Company, 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.”