With a lot of pride perhaps of achievement, Brazil Minerals Inc (OTCMKTS:BMIX) went ahead to disclose about its first test of a new gold recovery platform, a Gold Retrieval Unit (GRU). The test which was run on 6.8 cubic meters of material originated from the waste pile surprisingly producing 59.1 grams of 96% gold. What is still not unexplained is how such an amount of gold would be derived from what the company is referring to as small amounts of waste. Nevertheless, the results would have been contributed by the fact that the samples were from the company’s large plant which has a high absorption of gold.
The test used the manual labor of average three workers to sieve the material before it was passed the centrifuge. Centrifugation is one of the active recovery methods commonly used along the Jequitinhonha River Valley for BMIX’s properties. The company is likely to be rolling out further tests from additional samples given that the material the new mining area at disposal to run GRUs is large enough.
Let’s explore the Gold Retrieval Unit and BMIX
Preferably, GRUs should be more considerable and mechanized to enhance effective and continuous operations. BMIX says that the concentration of gold per cubic meter from the alluvial material is enough confirmation of more would be achieved which will even be more economical with mechanization. In any case, the company is planning on acquiring or building mechanical sieves, but this will only happen once more additional tests have been carried out.
A mechanized sieving system will achieve much more per hour which will reduce the number of manual laborers. It will also reduce diesel usage and will probably run at 5% or less of the revenues of GRU-based operations according to Internal Company calculations. The use of diesel has apparently been the highest operating cost in the retrieval of gold and diamonds from the larger plant. Nevertheless, it is just a matter of time before all what seems like speculations can come to reality.
Life Clips Inc (OTCMKTS:LCLP) Signs Distribution Agreement For Mobeego Products
Life Clips Inc (OTCMKTS:LCLP) has signed a distribution agreement for its disposable and recyclable battery, Mobeego, with Checkout distributors. The agreement accords the action camera maker an opportunity to have its products distributed through the chain’s 35,000 stores, across the country.
Checkout Distributors also boasts of channel partners of the likes of Wal-Mart Stores, Inc. (NYSE:WMT), Staples, Inc. (NASDAQ:SPLS) and Home Depot Inc (NYSE:HD) some of which will help shine more limelight on Life Clips products. Terms of the deal remain under wraps. However, the alliance is expected to help bolster the company’s sales on Mobeego, more than 450,000 units having been sold in North America already. The product is also available in 16 other countries.
The distribution agreement comes just days after Life Clips Inc (OTCMKTS:LCLP) unveiled its 360-action camera that it says is designed to offer a unique experience on how moments are captured.