Canada Firm Bets on Brazilian Diamonds

Canada-based Braz Diamond Mining Inc. now controls Brazil’s largest known diamondiferous kimberlite. The company has just announced the acquisition of its second exploration license covering the Fazenda Largo area in the state of PiauÀ­.

The Fazenda Largo area is about 100 km northeast of the Redondão kimberlite pipe that the company had acquired earlier. Of interest to Braz Diamond is the identification of several ‘circular anomalies’ found in satellite photos of the area.


As well, there is evidence of small scale garimpeiro (gold prospector) activity in the streams from this area.


“Securing the second mineral rights on the Fazenda Largo kimberlite and surrounding diamond claim areas is another significant achievement for the company. Braz now controls the country’s largest known diamondiferous kimberlite,” stated Chris Hemstock, P.Eng., Company President and CEO.


“While more work and bulk sampling of the pipe lies ahead to determine if the pipe can be economically mined, the geotechnical results to date are very, very promising.”


Historically, diamonds have been mined by local miners (“garimpeiros”) from this region for some time. Kimberlite and lamproite “pipes” are the primary source of diamonds with approximately ten percent of all known pipes worldwide containing diamonds.


The composition of the diamond indicator minerals found in the Fazenda Largo pipe are similar to those found in South African and North American kimberlites.


The company’s field exploration and evaluation has revealed that there has not been a detailed geotechnical survey or major bulk sampling of the pipe.


Braz Diamond Mining, Inc., a junior diamond, exploration and mining company, together with its subsidiary, Braz Mining do Brasil, Ltda. holds ownership interest in various mineral properties in Brazil, including a favorable diamond exploration project in the state of Piauí­.


Exploration and development work to date has confirmed the existence of high-grade alluvial diamond deposits and the existence of several kimberlites. The company plans to implement a detailed geotechnical program to identify the sources and productivity of the alluvial deposits.


Cervelle Group
www.brazdiamond.com
 
Business Wire

Tags:

  • Show Comments (0)

Your email address will not be published. Required fields are marked *

comment *

  • name *

  • email *

  • website *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Ads

You May Also Like

Immigration march in the US

It’s Time Brazil’s Lula Chimes In on the US Immigration Reform Debate

The hopes of undocumented Brazilians in the United States got a boost when last ...

Brazilian Mirna looks at her new hair in the mirror

Brazilian Robbers Cut and Take Woman’s Long Hair in Bus

Brazilian Mirna Marchetti, 22, a saleswoman was assaulted inside a bus in Rio de ...

Brazil Guarantees: There Will Be Free Condoms for All This Carnaval

Anyone who needs will have guaranteed his right to a condom during the Brazilian ...

Brazil’s Sierra, a Touch of Class to Sell Furniture in Over 20 Countries

Headquartered in the city of Gramado, in Rio Grande do Sul, in the Brazilian ...

LETTERS

The speech in its entirety, in Portuguese:By Brazzil Magazine The picture on page six ...

Best-seller Books, Plays and Movies

By Brazzil Magazine Alice Através do Espelho (Alice Through the Looking Glass)—Based on Lewis ...

Brazilian Gol Gets Nod as Aviation Week’s Best Performing Airline in the World

Brazilian Airline Gol was rated the world’s best performing airline in 2005 by Aviation ...

Brazilian economist Plínio Soares de Arruda Sampaio

Lula’s Closeness to Chavez Only Makes Brazil More Alluring to Bush

The Bank of the South is already a reality. Enthusiasts say it is another ...

Brasília’s kitchen

Brasília, the capital of Brazil, is better known for its prize-winning ultramodern design and ...

Brazilian crowd in Salvador, Bahia

Brazil’s False Image of Racial Harmony Has Accomplice: the Black Population

In retrospect, I often ponder the following questions: Do people really not see the ...