BRAZIL MINERALS, INC. ANNOUNCES RECEIPT OF
IMPORTANT DIAMOND AND GOLD MINING PERMIT
PASADENA, CA -- April 19, 2016 -- InvestorsHub NewsWire
-- Brazil Minerals, Inc. (OTC:
BMIX) (the "Company" or "BMIX") announced that today's edition
of the Brazilian government gazette features the publication of its
long-awaited permit to begin mining a promising new diamond and
gold area.
BMIX intends to begin today the process of excavation and
removal of diamondiferous and auriferous gravel from this new area.
All operations are open-sky. It may take approximately ten days to
safely reach the level of between 12 to 15 meters below ground
where such gravel is found. Thereafter, it should take
approximately five days for removal and transport of enough
material to our large processing plant to begin the recovery of
diamonds and gold. Therefore, the Company expects to have its first
production from this new area by early May, and generate cash from
sales shortly thereafter.
Last week, BMIX filed its 2015 Annual Report on Form 10-K with
the Securities and Exchange Commission. The Company believes that
it has made substantial progress in decreasing both costs and debt.
It is a goal of BMIX to eliminate all convertible debt as soon as
possible and thereafter to remain as close to debt free as
possible.
About Brazil Minerals, Inc.
Brazil Minerals, Inc. (OTC: BMIX) is a U.S. holding company with
Brazilian mining properties that produce diamonds, gold, and high
quality sand, and a business unit that manufactures and sells
mortar. More information on BMIX can be found at www.brazil-minerals.com.
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, BMIX'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.
Cautionary note regarding estimates of Indicated and
Inferred Mineral Resources of Diamonds and Gold as found in MDBs NI
43-101 Technical Reports.
We advise U.S. investors that while these terms and amounts are
recognized by Canadian regulations, the U.S. Securities and
Exchange Commission (SEC) does not recognize them. U.S. investors
are cautioned not to assume that any part or all of the mineral
deposits in these categories will ever be converted into mineral
reserves as defined by the U.S.s Industry Guide 7.
Cautionary note regarding estimates of Mineral
Reserves of Diamonds and Gold as found in MDBs Bankable Feasibility
Study.
We advise U.S. investors that while these terms and amounts
are recognized by Brazilian regulations, the SEC does not recognize
them. U.S. investors are cautioned not to assume that any part or
all of the mineral deposits in this category will ever be converted
into mineral reserves as defined by the U.S.s Industry Guide
7.
Cautionary note regarding estimates of Volume and
Weight of Sand as found in MDBs studies filed with the local
Brazilian regulatory agencies.
We advise U.S. investors that while sand volume and weight
terms and amounts as filed in Brazil are recognized by Brazilian
regulations, the SEC does not recognize them. U.S. investors are
cautioned not to assume that any part of such are not considered
mineral reserves as defined by the U.S.s Industry Guide 7.
Contact:
Marc Fogassa
(213) 590-2500
info@brazil-minerals.com
www.brazil-minerals.com