BBX Minerals Limited: Platinum mineralisation from surface and 2m interval at 5.08 g/t 5E PGM, Assay Results - TED-013 and TED-014
BBX Minerals Limited (ASX: BBX) (“BBX” or the “Company”) is pleased to report assay results for diamond drill holes TED 013 and TED 014, from its 2020-21 drilling programme (Figure 1) at the Três Estados project (Figure 2). Assays were conducted for gold, platinum, palladium, iridium and rhodium. Precious metal mineralisation was encountered in the two holes, including an interval of 5.08 g/t 5E PGM in TED-013.
Drill hole TED-013 showed widespread platinum mineralisation and local gold, iridium and rhodium values, concentrated mainly in the upper 45m of the hole. Mineralisation remains open at depth.
Drill hole TED-014 returned significant platinum mineralisation in the upper portion of the hole within the weathered zone, plus isolated iridium values in the deeper portion of the hole.
Significant results include:
TED-013
- 9.0m at 1.59 g/t 5E PGM[i] (1.52 g/t Pt and 0.06 g/t Rh) from 18m
- 6.1m at 2.38 g/t 5E PGM (2.23 g/t Pt, 0.07 g/t Rh and 0.08g/t Au) from 30.9m
- 2.0m at 5.08 g/t 5E PGM (4.12 g/t Pt and 0.96 g/t Ir) from 43m
TED-014
- 6.0m at 2.81 g/t 5E PGM (2.81 g/t Pt) from surface
- 6.0m at 1.75 g/t 5E PGM (1.70 g/t Pt and 0.05 g/t Pd) from 10m
Refer to Appendix 1 for the complete results.
Figure 1 - Adelar target drilling collar summary
Figure 2 - Três Estados project
Figure 3 - A-B cross section with TED 013 and TED 014
Drillhole Locations
Hole ID
East
North
RL
Azimuth
DIP
Depth (m)
Tenement
Method
TED-013
224839.00
9198541.00
171.00
0
-90
71.12
880.080/2008
DD
TED-014
224887.00
9198641.00
161.00
0
-90
61.62
880.080/2008
DD
This announcement has been authorised for release by the Board of Directors.
For more information:
André Douchane
Chief Executive Officer
Competent Person Statement
The information in this report that relates to analytical test results of gold mineralisation in the Apuí region in Brazil is based on information compiled by Mr. Antonio de Castro, BSc (Hons), MAusIMM, CREA, who acts as BBX´s Senior Consulting Geologist through the consultancy firm, ADC Geologia Ltda. Mr. de Castro has sufficient experience which is relevant to the type of deposit under consideration and to the reporting of exploration results and analytical and metallurgical test work to qualify as a competent person as defined in the 2012 Edition of the Joint Ore Reserves Committee (JORC) “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves”. Mr. Castro consents to the report being issued in the form and context in which it appears.
CREA/RJ:02526-6D
AusIMM:230624
About BBX Minerals Ltd
BBX Minerals Limited is a mineral exploration and technology company listed on the Australian Securities Exchange. Its major focus is Brazil, mainly in the southern Amazon, a region BBX believes is vastly underexplored with high potential for the discovery of world class gold and precious metal deposits.
BBX’s key assets are the Três Estados and Ema Gold Projects in the Apuí region, Amazonas State. The company has 270.5km² of exploration tenements within the Colider Group, a prospective geological environment for gold, PGM and base metal deposits.
Appendix 1: Assay results
Hole ID
From
To
Au (g/t)
Pd
(g/t)
Pt
(g/t)
Ir
(g/t)
Rh
(g/t)
5E PGM (g/t)
Lithology
TED-013
0.00
2.00
0.34
-
-
-
-
0.34
Soil-saprolite
2.00
4.00
-
-
0.93
-
-
0.93
Soil-saprolite
4.00
6.00
-
-
-
-
-
-
Saprolite-mafic
6.00
8.00
-
-
-
-
-
-
Saprolite-mafic
8.00
10.00
-
-
0.78
-
-
0.78
Saprolite-mafic
10.00
12.00
-
-
-
-
-
-
Saprolite-mafic
12.00
14.00
-
-
-
-
-
-
Gabbro-hematite alt
14.00
15.70
-
-
-
-
-
-
Gabbro-hematite alt
15.70
18.00
-
-
-
-
-
-
Gabbro-hematite alt
18.00
20.00
-
-
1.52
-
0.11
1.63
Gabbro-hematite alt
20.00
22.00
-
-
2.62
-
0.10
2.72
Gabbro-hematite alt
22.00
23.75
-
-
-
-
-
-
Gabbro-hematite alt
23.75
25.00
-
-
2.43
-
0.12
2.55
Gabbro-hematite alt
25.00
27.00
-
-
1.19
-
-
1.19
Gabbro-hematite alt
27.00
29.00
-
-
-
-
-
-
Gabbro-hematite alt
29.00
30.90
-
-
-
-
-
-
Gabbro-hematite alt
30.90
33.00
-
-
2.61
-
0.10
2.71
Gabbro-hematite alt
33.00
35.00
-
-
0.93
-
-
0.93
Gabbro-hematite alt
35.00
37.00
0.25
-
3.12
-
0.12
3.49
Gabbro-hematite alt
37.00
39.00
-
-
-
-
-
-
Gabbro-hematite alt
39.00
41.00
-
-
-
-
-
-
Gabbro-hematite alt
41.00
43.00
-
-
-
-
-
-
Gabbro-hematite alt
43.00
45.00
-
-
4.12
0.96
-
5.08
Gabbro-hematite alt
45.00
47.00
-
-
-
-
-
-
Gabbro-hematite alt
47.00
49.00
-
-
-
-
-
-
Gabbro-hematite alt
49.00
50.66
-
-
-
-
-
-
Gabbro-hematite alt
50.66
52.00
-
-
-
-
-
-
Gabbro-hematite alt
52.00
54.00
-
-
-
-
-
-
Gabbro-hematite alt
54.00
56.00
-
-
-
-
-
-
Gabbro-hematite alt
56.00
58.00
-
-
1.44
-
-
1.44
Gabbro-hematite alt
58.00
60.00
-
-
-
-
-
-
Gabbro-hematite alt
60.00
62.25
-
-
-
-
-
-
Gabbro-hematite alt
62.25
63.00
-
-
-
-
-
-
Gabbro-hematite alt
63.00
65.00
-
-
-
-
-
-
Gabbro-hematite alt
65.00
67.00
-
-
1.68
-
-
1.68
Gabbro-hematite alt
67.00
69.00
-
-
-
-
-
-
Gabbro-hematite alt
69.00
71.12
-
-
1.11
-
-
1.11
Gabbro-hematite alt
Hole ID
From
To
Au (g/t)
Pd
(g/t)
Pt
(g/t)
Ir
(g/t)
Rh
(g/t)
5E PGM (g/t)
Lithology
TED-014
0.00
2.00
-
-
1.77
-
-
1.77
Soil-saprolite
2.00
4.00
-
-
3.48
-
-
3.48
Soil-saprolite
4.00
6.00
-
-
3.18
-
-
3.18
Saprolite-mafic
6.00
8.00
0.20
-
-
-
-
0.20
Saprolite-mafic
8.00
10.00
-
-
-
-
-
-
Saprolite-mafic
10.00
12.00
-
0.16
1.98
-
-
2.14
Saprolite-mafic
12.00
14.00
-
-
2.19
-
-
2.19
Saprolite-mafic
14.00
16.00
-
-
0.92
-
-
0.92
Saprolite-mafic
16.00
18.00
-
-
-
-
-
-
Saprolite-mafic
18.00
20.00
-
-
-
-
-
-
Saprolite-mafic
20.00
22.00
-
-
-
-
-
-
Saprolite-mafic
22.00
24.00
-
-
-
-
-
-
Saprolite-mafic
24.00
26.00
-
-
-
-
-
-
Saprolite-mafic
26.00
28.00
-
-
-
-
-
-
Gabbro-hem alt
28.00
30.00
-
-
-
-
-
-
Gabbro-hem alt
30.00
32.00
-
-
-
-
-
-
Gabbro-hem alt
32.00
34.00
-
-
-
-
-
-
Gabbro-hem alt
34.00
36.48
-
-
-
-
-
-
Gabbro-hem alt
36.48
37.55
-
-
-
0.09
-
0.09
Gabbro-hem alt
37.55
39.00
-
-
-
-
-
-
Breccia-silica-hematite alt
39.00
41.00
-
-
-
-
-
-
Breccia-silica-hematite alt
41.00
43.00
-
-
-
0.21
-
0.21
Breccia-silica-hematite alt
43.00
45.00
-
-
-
-
-
-
Breccia-silica-hematite alt
45.00
47.00
-
-
-
-
-
-
Breccia-silica-hematite alt
47.00
49.00
-
-
-
-
-
-
Breccia-silica-hematite alt
49.00
51.00
-
-
-
-
-
-
Breccia-silica-hematite alt
51.00
53.00
-
-
-
-
-
-
Breccia-silica-hematite alt
53.00
55.00
-
-
-
-
-
-
Breccia-silica-hematite alt
55.00
57.00
-
-
-
-
-
-
Breccia-silica-hematite alt
57.00
59.00
-
-
-
0.21
-
0.21
Breccia-silica-hematite alt
59.00
61.62
-
-
-
0.35
-
0.35
Breccia-silica-hematite alt
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[i] 5E PGM refers to the sum of platinum (Pt), palladium (Pd), iridium (Ir), rhodium (Rh) and gold (Au) expressed in units of g/t.