BRAZIL MINERALS, INC. UPDATES ON NEW MINING FRONT & OTHER NEWS
November 27 2017 - 8:00AM
InvestorsHub NewsWire
BRAZIL MINERALS, INC. UPDATES ON NEW MINING
FRONT
&
OTHER NEWS
Pasadena, CA -- November 27, 2017 --
InvestorsHub NewsWire -- 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, 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.
Photographs taken last week by Peter Goldy, an operations
consultant,
seen in the version of this release posted at www.brazil-minerals.com show
one of the Company’s mining areas and details of the newly
identified gravel.
Additionally, on November 24,
2017, Brazil
Minerals accepted Ambassador Paul Durand's resignation for
health reasons as corporate secretary and director. Ambassador
Roger Noriega, a former U.S. Assistant Secretary of State and a
member of the Company's 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.”
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.
Contact:
Marc Fogassa, CEO
Brazil Minerals, Inc.
(213) 590-2500
info@brazil-minerals.com
www.brazil-minerals.com
Twitter: @BMIXstock
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