Brazil Minerals Reports Promising Results from New Diamond, Gold Area

Brazil Minerals Inc. (OTCBB:BMIX) announced preliminary results from initial drilling of a new dry area for diamonds and gold, noting that the first exploration hole brought back a “sizeable layer of ‘starched quartz’ gravel.”

In the region, that gravel is known to be the richest in diamonds and gold.

As quoted in the press release:

In the hole drilled, the initial layer observed was composed of white sand, an excellent material for construction. The next layer was gravel with a large amount of satellite mineral markers for diamond, including many tourmalines and kyanites. Further below, a layer of starched quartz gravel was identified, which yielded diamond and gold.

The mineral rights area where this drilling took place has hundreds of acres, and is situated along the margins of the Jequitinhonha River. It is a dry location, amenable to a potential program of extraction by open surface excavation and removal and transport of the white gravel to our diamond and gold processing and recovery plant. BMIX is pursuing a focused research campaign of a few drilling holes and expects such effort to cost less than $10,000. The Company will not pursue an extensive study of this mineral rights area and there is no assurance that these preliminary findings will be replicable to other locations in this area or that a material amount of minerals will be found in the area.

J. Francescatto, chief geologist at Brazil Minerals, commented:

I have over 25 years of experience in alluvial exploration and this quality of result by a Banka 4-inch drill is rarely seen.

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