BRAZIL
MINERALS' UPDATE
PASADENA, CA -- May 3, 2017 -- InvestorsHub NewsWire --
Brazil Minerals, Inc. (OTC:
BMIX) (the "Company" or "Brazil Minerals") announced today that
its subsidiary, Jupiter Gold Corporation ("Jupiter Gold"), has been
awarded prospecting permits from the Brazilian mining department
with respect to two areas for gold. These expanded mineral right
titles were published in the Brazilian government gazette as
mandated by local regulations.
One of the awarded prospecting permit titles is with respect to
an area covering 795 acres located in the municipality of Paracatu
in the state of Minas Gerais, Brazil. Jupiter Gold's mineral right
is located approximately four miles from Kinross Gold's open
pit mine at Morro de Ouro with 2016 annual gold production of
480,000 ounces and 9 million in proven and probable reserves
according to Kinross Gold's publicly-available reports.
The other prospecting permit title is with respect to an area
covering 4,069 acres located in the greater Itabira region also in
the state of Minas Gerais. The province in which this mineral right
is held is called Iron Quadrangle given the numerous iron mines
present. Gold has also been mined in the Iron Quadrangle for over
two centuries at various locations.
In other news, Brazil Minerals posted a new video of its
operations at the first modular plant for recovery of gold and
diamond. The video can be watched at the link below:
https://youtu.be/n0xBfWxV17Y
In further news, the Companys audit is progressing and the
Company will file its Form 10-K as soon as possible.
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.
Cautionary note regarding the terminology "proven
and probable reserves" as referred to in this press
release.
We advise U.S. investors that while such terminology is
recognized by Canadian regulations, the U.S. Securities and
Exchange Commission 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 such term is defined by the Industry Guide 7, the U.S.
reporting standard.
Contact:
Marc Fogassa, CEO
Brazil Minerals, Inc.
(213) 590-2500
info@brazil-minerals.com
www.brazil-minerals.com