Publicly traded natural resource development company Bullion Monarch Mining Inc. announced that it has commenced a 3000m diamond drill program with its JV partner, Dourave. Targeting the Bom Jesus project in Northern Brazil, BMM has earned a 33.3% interest in this and the Bom Jardim properties by providing capital for exploration.
The exploration results confirm the investment Bullion Monarch Mining chose to make in the Bom Jesus project. The high grade surface sampling, underground vein samples, strong geophysical and geochemical anomalies, the apparent presence of disseminated sulphides and intense alteration in drillcore samples all show the project’s potential.
The company finalized Drill hole FBJ-08 with intense alteration encountered from near surface at 60m depth to the bottom of the 308m deep hole. The drillcore is currently being logged, sampled and submitted for assay. Begun on March 29th, drilling of FBJ-09 has already encountered strong alteration and will test the extension of known mineralization as encountered in FBJ-04.
Previous drilling of similar conductors on this property intersected grades of 11.44m @ 1.4 g/t Au & 0.42% Zn associated with between 7-10% disseminated sulphides. High grade veins nearer the surface returned grades of 0.50m @ 19.20 g/t Au and 1.21m @ 5.58 g/t Au.
Current drilling will also test the down dip extension of shallow, high grade, parallel vein systems which returned bonanza grades from channel samples taken from shafts of 0.45m @ 83.45 g/t Au, 0.55m @ 34.49 g/t Au, 0.80m @ 19.83 g/t Au, 0.30m @ 139.69 g/t Au, 1.55m @ 32.08 g/t Au & 0.60m @ 315.04 g/t Au.