viewBMG Resources Ltd

Brazilian Metals Group hits copper-gold from maiden drilling in Cyprus


Brazilian Metals Group (ASX: BMG) recently transitioned its company focus to Cyprus from Brazil, with the company's maiden drilling program at the Treasure copper/gold project in Cyprus delivering.

So far 13 diamond drill holes have been completed in the program at the Laxia Prospect which is part of the Black Pine Project, with the first seven holes intersecting widespread sulphide mineralisation containing copper-gold-cobalt.

Assays from the first seven holes include:

- 4.25 metres at 2.53% copper from 30.75 metres;
- 4.18 metres at 1.72% copper, 1.18 g/t gold and 0.15 % cobalt from 33.1 metres; and
- 3.58 metres at 1.74% copper, 0.28 g/t gold and 0.05% cobalt from 112.9 metres.

There is now also further evidence that the copper sulphide mineralisation is magmatic related.

A revised exploration model for Black Pine Project area delivers an expanded exploration target area which now extends for over 50 kilometres within the company's licences.

The project areas of Black Pine, Kambia and Vrechia are within the Treasure Project.


Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

Quick facts: BMG Resources Ltd

Price: 0.007 AUD

Market: ASX
Market Cap: $4.7 m

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events


The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...



Trigg Mining's Keren Paterson reports on 'fantastic high-grade results' from...

Trigg Mining Ltd (ASX:TMG) managing director Keren Paterson updates Proactive's Andrew Scott on the results from a recent drill programme at its Lake Throssell SOP Project in WA. She says they put 26 holes across the project and the assay results have them very excited. ''They've all pretty much...

19 hours, 46 minutes ago

2 min read