MinMet bullish on Brazil

Exploration company MinMet has announced promising results from its Brazilian subsidiary. Air and ground surveys by Mineradora de Bauxite, exploring for gold and diamonds in the Cuiaba Basin, indicated large volume gold mineralisation at several of the sites, according to MinMet. "We are making progress. We now look forward to an early start for the exploratory drilling. Work continues on the evaluation of other priority target areas," said Mr Gordon Riddler, technical director.