Aug 22 2019
Brazil Minerals, Inc. (the "Company" or "Brazil Minerals") announced today that its alluvial diamond and gold project mining operations are progressing well and within its plans for production in the third quarter of 2019.
This project is in the Jequitinhonha River Valley of the state of Minas Gerais, Brazil, and in a district known for retrieval of diamonds and gold for over two centuries. Brazil Minerals, through subsidiaries, has title to over 27,000 acres of mineral rights for diamonds and gold in this region.
In the current mining site, excavation has reached a depth of approximately 25 feet. Between 35 to 50 feet in depth the desired auriferous and diamondiferous gravel layer appears, followed by bedrock at about 60 feet. Attached to this release are a photograph of this active site and a photograph of Marc Fogassa, CEO of the Company, and Areli Nogueira, its Senior Geological Engineer, during a recent visit.
The Company also announced that it had completed a few additional drilling holes prior to excavation in areas just adjacent to the current target site. In one of these areas, the auriferous and diamondiferous gravel layer was found to be over 20 feet in thickness, which is highly attractive, and provided valuable indication as to future direction for project expansion.
Source: http://www.brazil-minerals.com/