Sunday, December 28, 2014
BMIN - Britannia Mining Inc.
NEW YORK, Dec. 22, 2014 /PRNewswire/ -- Britannia Mining, Inc. (OTC Pink: BMIN) ("Britannia" or the "Company"), a UK based mining and commodities development Company, announced today, that Britannia has made its initial shipment of raw, uncut diamonds to a U.S.-based international inspection facility. This process was initiated to facilitate a buy/sell contract for precious stones – setting pace for an anticipated $1.2 Million in profits from this single contract; multiple others are already lined up.
Read Full Article Here http://finance.yahoo.com/news/britannias-initial-diamond-transaction-sets-130100918.html
Britannia Mining Inc. (Nevada USA) is a Natural Resources Development Company. The Company was formed upon the merging of public market company Micron Enviro Systems (MSVS) and Britannia Mining Plc (UK). Britannia Mining Inc. is New York based and listed under BMIN on OTC Markets Pink.
Primarily focused on identifying and developing commodities, in particular iron ore for the steel industry, the company combines developing its own exploration projects with acquiring ready-mined products that can be developed for distribution into the market.
Nthale Iron Ore, Malawi
In 2009 Britannia Mining was granted Exclusive Prospecting Licenses to conduct mineral exploration activities over a total area of 650km2 at Nthale, near Blantyre in Malawi. It is their intention to develop 100 million tons of ore at Nthale, sufficient to constitute a World Class Resource. Within the exploration plan, the company has corporate milestones to deliver a CPR (competent person’s report).
From magnetic imaging studies that have been completed over an initial area of 20km2, the company has located a number of ore bodies at Nthale Hill, Nthale North and Mphate. Their geologists have already estimated 4.6 million tons of surface ore in one small area “Nthale Hill”. Grab samples taken from the hill show an iron component of 68% Fe, indicating a high quality mineral rich ore. The company is focused on fast-track drilling to extract core samples at this site.
Yukon Gold, Canada
The Britannia Mining gold exploration rights were acquired through the merger with Micron Enviro Systems. The company holds six separate claims located in the productive Whitehorse mining area of the Canadian Yukon. These claims cover almost 300 acres and are located close to the famous Kinross White Gold discovery.
The gold in this area is known as ‘Placer Gold’, which is a reference to the manner in which the deposits are created. The term ‘Placer’ derives from the Spanish word placer, meaning a shoal or sandbank.
Placer Gold is found in sedimentary deposits that are formed when rocks containing gold veins (known as the ‘mother lode’) are eroded by a watercourse. The eroded particles are held in suspension and carried downstream by the flow until they are deposited some distance from the point of erosion. Being amongst the heaviest of the particles, the gold is often the first to be deposited. Whereas veins of gold are often diffuse and difficult to locate, this process helps to concentrate larger quantities of gold into relatively small areas, creating what are known as ‘pay streaks’.
Financials & Filings
Visit: http://www.otcmarkets.com/stock/BMIN/company-info to see complete details.
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PR Newswire (Mon, Dec 22)
Britannia's initial Diamond Transaction sets pace for $1.2 Million in profit
PR Newswire (Thu, Dec 18)
Britannia's Buy/Sell Trading Potential Sparkles Amidst $11 Billion Precious Stones Market
Accesswire (Tue, Dec 2)
Britannia Sees Company's Growth to Come from Diversification and Consulting Services
Marketwired (Wed, Aug 13)
Britannia Fast Tracks Route to Revenues
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Posted by ManicTrader at 12:31 PM