BBX Minerals Limited: Mineralisation extended 100m further west Assay results – TERC 011
BBX Minerals Limited (ASX:BBX) (“BBX” or the “Company”) is pleased to report assay results for RC drill hole TERC 011 from its 2017 drilling programme (Figure 2) at the Três Estados project (Figure 3). Assays were conducted for gold, platinum, palladium, iridium and rhodium.
Platinum and iridium mineralisation was intersected throughout the drill hole in both weathered and unweathered gabbro, further extending the known mineralisation to the west of the Adelar target.
Significant results include:
TERC 011
- 2m at 0.99 g/t 5E PGM[i] (0.99 g/t Pt) from 16m
- 2m at 0.88 g/t 5E PGM (0.51 g/t Pt and 0.37 g/t Ir) from 28m
Refer to Appendix 1 for the complete results.
Andre J Douchane, CEO commented: “I am very pleased that we continue to see mineralisation this far from the main target and close to surface”.
Figure 1 – A-B cross section with TERC-011 and TERC-010, down hole length reported, true width not known.
Figure 2 – Três Estados drilling collar summary
Figure 3 – Três Estados project
Drillhole Location
Hole ID |
East |
North |
RL |
Azimuth |
DIP |
Depth (m) |
Tenement |
Method |
|
TERC-011 |
224202.00 |
9198410.00 |
153.00 |
0 |
-90 |
36.00 |
880.080/2008 |
RC |
|
This announcement has been authorised for release by the Board of Directors.
For more information:
André Douchane
Chief Executive Officer
Competent Person Statement
The information in this report that relates to analytical test results of gold mineralisation in the Apuí region in Brazil is based on information compiled by Mr. Antonio de Castro, BSc (Hons), MAusIMM, CREA, who acts as BBX´s Senior Consulting Geologist through the consultancy firm, ADC Geologia Ltda. Mr. de Castro has sufficient experience which is relevant to the type of deposit under consideration and to the reporting of exploration results and analytical and metallurgical test work to qualify as a competent person as defined in the 2012 Edition of the Joint Ore Reserves Committee (JORC) “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves”. Mr. Castro consents to the report being issued in the form and context in which it appears.
CREA/RJ:02526-6D
AusIMM:230624
About BBX Minerals Ltd
BBX Minerals Limited is a mineral exploration and technology company listed on the Australian Securities Exchange. Its major focus is Brazil, mainly in the southern Amazon, a region BBX believes is vastly underexplored with high potential for the discovery of world class gold and precious metal deposits.
BBX’s key assets are the Três Estados and Ema Gold Projects in the Apuí region, Amazonas State. The company has 270.5km² of exploration tenements within the Colider Group, a prospective geological environment for gold, PGM and base metal deposits.
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[i] 5E PGM refers to the sum of platinum (Pt), palladium (Pd), iridium (Ir), rhodium (Rh) and gold (Au) expressed in units of g/t.
