Brazil Minerals, Inc. Updates on New Mining Front & Other News
PASADENA, California, Nov. 27, 2017 /PRNewswire/ -- Brazil Minerals Inc. (OTC: BMIX) (the "Company" or "Brazil Minerals") announced today that its majority-owned subsidiary, Jupiter Gold Corporation ("Jupiter Gold"), has launched its own website which is accessible at www.jupitergoldcorp.com. Jupiter Gold owns over 77,000 acres in mineral rights in some of the premier gold districts in Brazil. More details are available by reviewing Jupiter Gold's filings with the Securities and Exchange Commission which are accessible at www.sec.gov or through the public filings page of Jupiter Gold's website.
In other news, on November 24, 2017, Brazil Minerals accepted Ambassador Paul Durand's resignation for health reasons as corporate secretary and director. Ambassador Roger Noriega, a member of the Board of Directors, commented: "Paul is one of the smartest, shrewdest and most respected observers of regional affairs. He will be greatly missed." Marc Fogassa, the Company's chief executive, added: "Paul has a sharp intellect and has always been heartily engaged. He was an exemplary director and will be hard to replace."
In further news, good progress has been made in separating material from a new gravel front for diamond and gold recovery. Samples of such material which were processed last week in the modular recovery plant successfully retrieved both gold and diamonds, and yielded an attractive prospect for mining. The attached photographs taken last week by Peter Goldy, an operations consultant, show one of the Company's mining areas and details of the newly identified gravel.
About Brazil Minerals, Inc.
Brazil Minerals Inc. (OTC: BMIX), through various consolidated subsidiaries, has title to mineral rights for gold, diamonds, manganese and sand, including mining concessions for gold and diamonds, the highest level of right to mine in Brazil. One of BMIX's subsidiaries is Jupiter Gold Corporation. More information can be found at www.brazil-minerals.com. Follow us on Twitter @BMIXstock.
Safe Harbor Statement
This press release contains forward-looking statements made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward looking statements are based upon the current plans, estimates and projections of Brazil Minerals Inc.'s management and are subject to risks and uncertainties, which could cause actual results to differ from the forward- looking statements. Such statements include, among others, those concerning market and industry segment growth and demand and acceptance of new and existing products; any projections of production, reserves, sales, earnings, revenue, margins or other financial items; any statements of the plans, strategies and objectives of management for future operations; any statements regarding future economic conditions or performance; uncertainties related to conducting business in Brazil, as well as all assumptions, expectations, predictions, intentions or beliefs about future events. Therefore, you should not place undue reliance on these forward-looking statements. The following factors, among others, could cause actual results to differ from those set forth in the forward-looking statements: business conditions in Brazil, general economic conditions, geopolitical events and regulatory changes, availability of capital, Brazil Minerals Inc.'s ability to maintain its competitive position and dependence on key management. This press release does not constitute an offer to sell or the solicitation of an offer to buy any security and shall not constitute an offer, solicitation or sale of any securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction.
Marc Fogassa
CEO
Brazil Minerals Inc.
+1(213)590-2500
info@brazil-minerals.com
www.brazil-minerals.com
Twitter: @BMIXstock
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SOURCE Brazil Minerals Inc.
