Eagle Star Minerals Corp. (CVE:EGE) has received “excellent” solubility and heavy fraction recovery results from its Canabrava mining block, in Brazil.
Shares, in early afternoon trade, jumped 15.79 per cent, climbing to 11 cents each on the TSX Venture Exchange.
The mining concession, which rests at the Ruth Agro mineral project, encompasses 40,678 hectares across 23 mineral claims.
tests, aimed at defining chemical composition and solubility of mineral
phases, were performed using three chip samples from rock types that
compose the mineralized package.
Solubility tests in both
hydrochloric and citric acids confirmed fluor-apatite is the main
phosphorous bearing mineral with solubility of phosphorus and calcium
ranging from 87 to 96 per cent.
Results also indicated
fluor-apatite represents more than 10 per cent of mineralogy, and
calcinations tests excluded the presence of any secondary phosphates.
The recovery of fluor-apatite concentrate test also returned values between 76 and 83 per cent, the company said.
combination of mineralogical, solubility and recovery studies with the
good and consistent grades along the potential area outlined indicates
that Canabrava is a very attractive business opportunity that adds
considerable value to our portfolio,” Eagle Star's chief operating
officer Jose Campos said in a statement.
Eagle Star, a publically traded company, focuses on the exploration and development of agro mineral properties in Brazil.
the last two years, the company has strategically grown its presence in
Brazil and continues to focus on boosting shareholder value by
acquiring assets in geological areas known for phosphate mineralization.