With eight holes already drilled on a platinum-palladium property in Brazil, Consolidated TVX Mining Corp. says a further 28-hole program is under way on the property, with results expected shortly.
The project is being worked jointly by TVX and RTZ Mineracao, a subsidiary of mining giant Rio Tinto Zinc.
Assay results from the main zone already released, (N.M., Mar 16/87), averaged 3 g platinum, 3 g palladium, 0.5 g rhodium and 0.1 g gold per tonne.
TVX, which also has important interests in gold-producing mines in Brazil, reports a loss of $1,190,000 for the three months ended March 31 this year, compared with a loss of $1,095,000 for the similar period in 1986.
The company expects to have for its own account about 35,000 oz gold production this year from its Brazilian interests.
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