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Showing posts with the label gold news

Brazil Minerals mining for gold and diamonds

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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 important...

Mandela mining precinct launches

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The Minerals Council South Africa (Minerals Council) welcomed the launch of the Mandela Mining Precinct and the Mining Equipment Manufacturers Association (MEMSA). The Mandela Mining Precinct is a public private cooperation that supports local, people-centred innovation to modernise the South African mining cluster. Its partnership with MEMSA empowers the mining cluster to save and create jobs in mining and the mining industries’ supplier industries. Speaking at the launch, Minerals Council Vice President, Neal Froneman said: “It is very encouraging to see that, through a learning-by-doing approach, a partnership of stakeholders is evolving to collaborate on the many challenges we face in the journey to mining 4.0.” Mr Froneman emphasised the role that research and development can play in accelerating the competitiveness, growth and transformation of the mining cluster. “As an industry body, we will do everything possible to help the Mining Equipment Manufacturers Associ...