Brazil Resources announced that recent diamond drilling at its Artulândia project confirmed polymetallic mineralisation of up to 10m thickness (not “true” width) in a flat lying unit at surface. The project covers 12,000 acres and is located in Goias state, one of the most prolific mining districts in Brazil. The principal target, ART-1, located within the Alvo South target, was previously outlined by geophysical data and rock and soil surveys.
Trench and rock sample results from target ART-1 on the first mineralised zone announced in December last year revealed that the trenches intersected fresh rock beneath a thin, approx. 1m thick soil-covered zone. Samples yielded anomalous results for gold, copper, silver, lead and zinc. Following up from the previous work, twelve exploratory diamond drill holes totalling 951.86m were completed at ART-1 (additional drilling was completed on ART-4) to test both geochemical and geophysical anomalies. Of these, nine drill holes yielded positive results with mineralised intervals of up to 10m, returning up to 0.35 g/t gold, 0.39% copper, 30.43 g/t silver, 1% lead and 1.49% zinc in separate drill holes.
Mr Stephen Swatton, President and CEO, stated, “The style of mineralisation is consistent with a Volcanogenic Massive Sulphide and represents a new discovery of this style in Goias State. Further fieldwork is ongoing and additional drilling will be required in order to understand the full extent of this exciting new discovery.”
