Brazil Minerals Finishes Phase 2 Assessment for New Diamond, Gold Area

Brazil Minerals Inc. (OTCMKTS:BMIX) announced that it’s completed the second phase of geological assessment for diamonds and gold in a new dry locale in Minas Gerais, Brazil.
It’s also completed all the cash payments required for its RST Recursos Minerais Ltda. ownership position.
As quoted in the press release:

In total, three holes were drilled using the Company’s Banka 4-inch drill, 100 meters apart and on a straight line. All holes showed presence of commercially-viable gravel containing diamonds and gold with the thickness of such layer varying between 1.20 and 4.50 meters. A photograph of such type of gravel accompanies this release. Bedrock was reached in depths varying from 10.80 to 19.20 meters. Initial analysis of the data obtained indicates a strong likelihood of continuity of the gravel layer along the area sampled. In relative terms, this researched locale was small compared to the total surface area of this mineral right, which measures 5.3 million square meters or 1,310 acres.
While the results described today are strong, the Company cannot make any assumptions about the extent to which similar results will be seen if drilling or mining is done in the remainder of this large mineral area.

Click here to read the full Brazil Minerals Inc. (OTCMKTS:BMIX) press release.