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Sonoran Desert Copper Corporation Chromite Deposit Acquisition in Bahia, Brazil
Vancouver, British Columbia--(Newsfile Corp. - December 6, 2024) - Sonoran Desert Copper Corpora...
About this update from Brasnova Energy Materials Inc.
[{"type":"text","content":"Sonoran Desert Copper Corporation Chromite Deposit Acquisition in Bahia, BrazilVancouver, British Columbia--(Newsfile Corp. - December 6, 2024) - Sonoran Desert Copper Corporation (TSXV: SDCU) (\"SDCU'' or the \"Company\") is pleased to announce that the Company has signed a Letter of Intent (the \"LOI\") dated December 3rd 2024, to acquire a 100-per-cent interest in the Bahia Chromite Project (the \"Bahia Chromite Project\"). The Bahia Chromite Project is in the northern region of the State of Bahia, Brazil, near the municipality of Piritiba, which is 310km from Salvador via BR-324 and BR-052 to Mundo Novo and BR-421 to Piritiba (all paved).The Bahia Chromite Project is being acquired from Beko Invest Ltd., based on the previous extensive development work, completed under permit No. 1807 of 20.06.78, Official Gazette of 15.07.77 - MME-DNPM 808.223/75 of SOGEMINE-EM, including a final research report approved by the Brazilian Mineral Agency (ANM), and the filing of the Mining Application, which was assessed by the ANM. The Mining Application submitted by SOGEMINE was rejected for lack of presentation of the Environmental License. SOGEMINE did not advance to production due to the commercial strategies and internal strategies of the parent companies which owned SOGEMINE.The chrome market throughout Latin America, has been dominated by Ferbasa, which has focused on its main production center in the region of Campo Formoso, where it has significant reserves to guarantee the operation of its chrome alloy factory for many years. Ferbasa no longer pursues new deposits for the enterprise. J.P Silva Rocha Estudos Geológicos Ltda, has verified the accuracy of the research procedures carried out at the Bahia Chromite Project through visits and field inspections corresponding to the information in the historical reports including the mapping, geophysical, geochemical and geological interpretations, thus avoiding unnecessary reworks. In addition, a review was conducted regarding the environmental aspects of the Bahia Chromite Project, which were determined to be favourable since locally there is minimal vegetation cover and there will be minimal disturbance to the surface and based on the final positive research report approved by the DNPM.Fast-Track Development PlansThe Company is working to retain the services of a chromite exper...