BMG confirms Cypriot copper

THE DRILL SERGEANT: Brazilian Metals Group (ASX: BMG) has received assay results confirming further high-grade copper intercepts from a maiden drilling program recently completed at  the company’s Laxia prospect in Cyprus.

A total of 13 holes were completed at the Laxia prospect, each of which intersected a 20 to 40 metre wide mineralised zone containing massive to semi-massive, stringer, vein and disseminated sulphides.

Brazilian Metals said the drilling had confirmed the presence of high-grade copper-gold-cobalt sulphide mineralisation at the Laxia prospect.

The company indicated the results combined with previous high-grade copper-nickel-gold-cobalt results from the nearby Pevkos prospect to demonstrate potential for high-grade sulphide mineralisation in the Black Pine project area.
 
Brazilian Metals claims to hold all of the most prospective ground in the Black Pine project area under granted, 100 per cent-owned licence.

Work is continuing to locate sulphide accumulations around known prospects and also to identify new prospects within the Black Pine project in conjunction with other exploration work concentrating on VHMS deposits within the company’s licences.

“Intersecting our highest grade sample at 18 per cent copper is fantastic and complements our previous copper intercepts of over 10 per cent in drill hole LMD002,” Brazilian Metals Group managing director Bruce McCracken said in the company’s announcement to the Australian Securities Exchange.

“For a maiden drilling program to encounter mineralisation in every hole, some with exceptionally high copper grades, is a great outcome.

“It is also very encouraging to observe some excellent cobalt and gold grades in the recent results.

“BMG has now completed its first phase of exploration in Cyprus and our geological team is progressing the next phase of the program with active exploration of the broader Black Pine area and our VHMS projects.”