Brazil Minerals, Inc. Adds Premier Gold Areas Drilling Campaign Planned for Late 2018
PASADENA, Calif., March 06, 2018 (GLOBE NEWSWIRE) -- Via OTC PR Wire -- Brazil Minerals Inc. (OTC:BMIX) (the "Company" or "Brazil Minerals") announced today that its subsidiary, Jupiter Gold Corporation ("Jupiter Gold"), has been granted title to three separate gold claims covering a total of 14,619 acres located in Serrita, a well-known gold province in the state of Pernambuco, Brazil. The Company believes that these claims have potential for copper, manganese and nickel as well.
The Serrita gold district is an area known to host narrow high-grade gold mineralized quartz veins. The Brazilian government-funded "Companhia de Pesquisa de Recursos Minerais" (CPRM; Mineral Resources Research Company) researched this province extensively and confirmed gold mineralization. Companies with projects in Serrita have reported potential for multiple high-grade vein deposits. Jupiter Gold is planning to initiate its own studies later in 2018.
Brazil Minerals, through subsidiaries, has built and continues to add to the BMIX Mineral Bank as its depositary of high potential claims.
BMIX Mineral Bank
Gold: 119,989 acres
Diamond (kimberlites): 92,961 acres
Diamond (alluvial): 27,612 acres
Manganese: 4,970 acres
Sand (construction/industry): 4,995 acres
Lithium: 288 acres
Aquamarine/Tourmaline/Beryl: 288 acres
About Brazil Minerals
Brazil Minerals Inc. (OTC:BMIX), through various consolidated subsidiaries has title to mining concessions for gold and diamonds, and a mineral bank with rights for multiple minerals, including lithium and manganese, and sought-after gems, including aquamarine, tourmaline, and beryl. One of BMIX's subsidiaries is Jupiter Gold. More information on BMIX is 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.We advise U.S. investors that, given the preliminary stage of evaluation, there are no guarantees that the potential gold mineralization of the Serrita claims will become mineral reserves as defined by the U.S.'s Industry Guide 7.
Contact:
Marc Fogassa
CEO, Brazil Minerals Inc.
(213) 590-2500
info@brazil-minerals.com
