BRAZIL MINERALS, INC. RECEIVES
CUSTOM-MADE GOLD RETRIEVAL UNIT
PASADENA, CA -- September 21, 2016 -- InvestorsHub NewsWire --
Brazil Minerals, Inc. (OTC:
BMIX) (the "Company" or "BMIX") today announced that the first
gold retrieval unit (GRU) designed and custom-built for usage in
BMIX's areas was delivered to one of its mining concession areas on
September 19, 2016. Installation and testing will take several
days, after which any adjustments will be made, and then the unit
should become operational. As reported in a previous press release,
the Company has in excess of 500,000 cubic meters of alluvial
material, with varying concentrations of particulate gold, which
has already been excavated and is now stored in multiple piles.
Over the next several months, BMIX expects to process a substantial
portion of these stockpiles before it needs to excavate for
additional material to process in the GRU.
It is BMIX's current intent that, after operating this initial
GRU for several weeks or a few months to acquire experience and
collect data for potential improvements, it will seek to design a
second unit to accommodate not only the recovery of gold, but also
of diamonds. In this first GRU, material that may contain diamonds
will be separated and stored. This anticipated next unit would be
both a diamond and gold retrieval unit.
About Brazil Minerals, Inc.
Brazil Minerals, Inc. (OTC:
BMIX) is a producer of diamonds, gold, sand and industrialized
mortar. Through various subsidiaries, consolidated in our financial
statements, we have title to 38 mineral rights for gold, diamonds,
manganese and sand, including 10 mining concessions for gold and
diamonds, the highest level of right to mine in Brazil; the total
surface area of these mineral rights is 218,525 acres or 440 square
miles. More information on BMIX is 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.
Contact:
Marc Fogassa
CEO, Brazil Minerals, Inc.
(213) 590-2500
info@brazil-minerals.com
www.brazil-minerals.com