Brazil: BBX Minerals, Australian resource exploration company with a Brazil-focus, has identified potential target at the Juma East Gold project through airborne surveys.
The airborne magnetic and radiometric survey began on August 29 over the Juma East tenement block.
The geophysical and geochemical data collected to date indicate the presence of at least three different geological events superimposed at Gujida/Plato, each with its own geochemical signatures.
The soil sampling extended the geochemical footprint at the Plato target to 3.2 kilometres by 1.0 kilometre.
The airborne survey is estimated to be completed in 15 days with final outcome available by October 15.
Jeff Mckenzie, acting CEO said, “the results obtained continue to validate the conceptual exploration model applied in this project and highlight the potential for a major discovery in the short term.”
The Gold project spans the Apui region in Amazonas state. Juma East consists of four exploration licences covering 38,443 hectares in the Southern Amazon region, which hosts the Eldorado do Juma garimpo artisanal mine where an estimated 50,000 ounces of gold have been produced by 8,000 informal miners.