BZDJ Profile: Braz Diamond Mining, Inc. (OTC: BZDJ), a junior diamond, exploration and mining company, together with its subsidiary, Braz Mining do Brasil, Ltda. holds ownership interest in various mineral properties in the country of Brazil, including a favorable diamond exploration project in the state of Piaui. Exploration and development work to date has confirmed the existence of high-grade alluvial diamond deposits and the existence of several kimberlites. The Company plans to implement a detailed geotechnical program to identify the sources and productivity of the alluvial deposits.
profiles.stockguru.com
Braz Diamond Mining Inc. is primarily focused on the exploration and mining of diamonds. The business of the Company consists of the acquisition, exploration, and, if warranted, the development of the properties in which it holds an interest. The principal mining properties of Braz Diamond are held through subsidiary companies. The Company has a 99.9% ownership interest in Braz Mining do Brasil, Ltda (“Braz Mining”), a company incorporated under Brazilian Law on April 5, 2001 with its registered office in Brazil located in the state of Piaui.
profiles.stockguru.com
The Company is primarily focused on the exploration and mining of diamonds, within the country of Brazil. Brazil is known to possess rich mineral deposits and is currently one of the world’s largest producers of base metals (iron ore, gold, bauxite, nickel, manganese, tin), in addition to being the world’s single largest producer of gemstones (aquamarines, topazes, amethysts, tourmalines, and emeralds).
Diamonds were first discovered in Brazil in the early 1700’s. Prior to the discovery of the diamond fields in South Africa in the late 1800’s, Brazil was the world’s leading source of diamonds. Many of the world’s largest and most exquisite diamonds (including the world famous 727-carat stone, known as the Presidente Varga) have been recovered from the alluvial (surface) diamond deposits in Brazil. Brazil has produced over 50 million carats since diamonds were first discovered in Minas Gerias back in 1720. Although well known the world over for its heavy alluvial diamond deposits (considered secondary deposits), there has been little concentrated effort in Brazil in the past to locate the originating source of these diamonds (considered primary deposits) - known as “kimberlites” and “lamproites.” The Company’s main objective is the discovery, acquisition, and development of economic diamond bearing kimberlites, and other economic mineral deposits.
. |
