BBX Minerals (ASX:BBX) report assay results it has intersected scattered iridium and local platinum values from a drill program at the Três Estados Project in Brazil.
The mineral exploration and technology company reports that drillholes TED-018 and TED-019 at the project, located 60km southeast of Apuí, were assayed for gold, platinum, palladium, iridium, and rhodium.
They were drilled on and outside the contact of the host mafic body and define the northern margin of the mineralisation.
TED-018 was drilled on the northern contact of the mafic intrusive and TED-019 is located outside the mafic body within felsic volcanics.
TED-018 returned scattered iridium and local platinum values in the upper portion of the hole, both above and below the base of weathering.
fresh mafic slabs were encountered within the relatively deep weathered profile
BBX Minerals notes fresh mafic slabs were encountered within the relatively deep weathered profile. Brecciated rhyolite with hematite staining was intersected at 49.6m, marked by a sharp fault contact between the mafic and the underlying felsic.
TED-019 intercepted occasional platinum and iridium values within the brecciated rhyolite, including 4m at 0.99g/t platinum straddling the saprolite/fresh rock contact.
BBX Minerals’ major focus is Brazil, mainly in the southern Amazon, a region the company 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 270.5km-square of exploration tenements within the Colider Group, a prospective geological environment for gold, PGM, and base metal deposits.
Images: BBX Minerals Ltd