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BBX Minerals Ltd.
Summary
| Project: | Juma East | |
|---|---|---|
| Deposit: | Juma East | |
| Location: | Brazil | |
| Commodities: | Gold | |
| Date: | 9/21/2016 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 21-9-2016: BBX Minerals Ltd. announces an Exploration/Drilling Update report for its Juma East deposit at the Juma East project. Re-assay result of 49.44m @ 51.59g/t Au (mean fire assay methodology). BBX Minerals (ASX: BBX) is pleased to announce that ong | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Antonio de Castro (Internal) | |
| ABSTRACT: | BBX Minerals (ASX: BBX) is pleased to announce that ongoing test work has continued to further unlock exceptional high grade gold values from the lower portion of hole JED 006. An additional fire assay result of 51.59g/t Au (mean of two assays from the same sample) following oxi8B pretreatment was obtained from the 49.44m composite from the bottom of JED 006 (see table 1). Twelve composite samples of approximately 4m in length comprising the above 49.44m interval were analysed by oxi8b/fire assay, returning two highly significant results of 4.0m @ 107.11g/t from 258m and 4.2m @ 37.37g/t from 277.8m (table 1). In addition, results were received for neutron activation (NA) analysis of two samples from the JED 006 49.44m composite, submitted to ALS laboratories in Canada. Analysis of an untreated sample failed to produce significant precious metal values whilst NA results for a sample treated by the JMA irradiation technique (see media release of September 2, 2016) yielded 13.00 g/t Au, 5.90 g/t Pt and 5.30 g/t Pd. Samples pretreated by the oxi8b method have yet to be analysed by NA. Although results continue to be inconsistent, including negative results for a repeat test on the 49.44m composite and for a number of the 4m (approximate) composites (table 1), it is the company´s belief that the erratic nature of the results obtained to date is principally a function of the effectiveness of the pre-treatment method in consistently unlocking precious metals. The homogeneous nature of the geology and intensity and style of alteration within the lower portion of JED 006 reinforces the belief that gold is likely to be distributed relatively evenly throughout this 49.44m interval. The company is continuing to refine the methodology to ensure that the levels of all precious metals present in the Juma East mineralisation can be measured on a reliable basis. | |
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