Bullion Monarch Receives Stream Sediment Results From Bom Jardim Property, Brazil
31.08.2011 | PR Newswire
ST. GEORGE, Utah, Aug. 30, 2011 /PRNewswire/ -- Bullion Monarch Mining Inc. (OTCQB: BULM) is pleased to announce exploration results from the regional stream sediment sampling program at our Bom Jardim project area located in the Tapajos Gold Province, Para State, Brazil. Bullion Monarch's property holding in this strategic area has increased in size and now constitutes 21,162.03 Hectares within the prospective Tocantinzinho trend. Neighboring property owners include Tristar Gold and Magellan Minerals.Initial pinta count analysis (visible gold particle count) and regional mapping identified multiple anomalous areas specifically concentrated in the central portion of the property within a broad NW trending anomalous zone.
Geochemical analysis has confirmed the anomalous gold (Au) and base-metal values with many gold values above 0.5 grams per tonne (gpt) gold and up to 15.9 gpt gold. Some of these areas are associated with coarse gold. High values of associated base-metals include Co, Cr, V & Zn which confirms the prospective nature of the local geology for volcanic related mineralization. All samples were sent to Intertek Laboratoreis for gold and 21 element analysis.
CEO R. Don Morris comments, “I am exceedingly pleased with the management of our Dourave subsidiary and their expertise in the Tapajos region of Brazil. The high gold values found in stream sediments demonstrate the Bom Jardim property as a promising target and strengthens our strategic holdings in the Tapajos. Bullion Monarch's royalty stream provides a uniquely secure platform for long-term growth“.
This press release was reviewed by Bryan Miles, B.Sc. Geological Sciences, Professional Geologist, State of California 8739, a qualified person in compliance with national instrument 43-101.
About Bullion Monarch Mining
Bullion Monarch Mining Inc. is a publicly traded (OTC: BULM (FRA: BMJ)) gold-focused royalty company with additional interests in oil-shale technology. The Company is engaged in a continual review of opportunities to create growth through developing new royalties or participating interests by financing mine development or exploration. The majority of current royalty revenues are derived from a high-quality claim block located in Northeastern Nevada's Carlin Trend. Bullion Monarch's portfolio provides for direct leverage to commodity prices as well as the exploration potential of world-class ore deposits. Visit the Company website at www.bullionmm.com for more information.
Investor Relations Contact
Joseph Morris
info@bullionmm.com
(801) 426-8111
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