BRAZIL
MINERALS, INC. PROVIDES UPDATES ON ITS NEW ACTIVE GOLD PRODUCTION
AREA
PASADENA, CA.--
February 22, 2018 -- InvestorsHub NewsWire -- Brazil Minerals,
Inc. (USOTC:
BMIX) (the "Company" or "Brazil Minerals") announced today that
a new field in one of its properties in the Jequitinhonha River
valley in Brazil is beginning to produce gold and diamonds. The
Company is actively removing alluvium-type mineralized material
found after excavating 60 feet deep in a dry area. Every truckload
of material processed in the modular recovery unit operated by the
Company has yielded fine gold. The concentration of gold obtained
from each production run has varied, which is expected from an
alluvium-type deposit, and ranged from economically feasible to
highly attractive. Additional production data will allow the
calculation of a gold concentration average for the deposit.
Gem-quality diamonds have also been recovered from sectors of this
deposit. A photograph of the mining area follows.
As the dry season
begins next month, the Company also plans to execute drilling
campaigns on several targets. Some of the drilling will be near the
current gold and diamond mining area, looking for additional
deposits. Other high potential targets to be evaluated will come
from claims owned by the Company and ranked from within the BMIX
Mineral Bank, its repository of properties. Brazil Minerals intends
to prioritize evaluation of its new lithium claim. Additionally,
the Company is actively analyzing other high-quality claims in
various minerals to add to the BMIX Mineral Bank.
BMIX Mineral Bank:
Aquamarine/Tourmaline/Beryl:
288 acres
Diamond
(kimberlites): 92,961 acres
Diamond (alluvial):
27,612 acres
Gold: 105,370
acres
Lithium: 288
acres
Manganese: 4,970
acres
Sand: 4,995
acres
About Brazil Minerals,
Inc.
Brazil
Minerals, Inc. (USOTC:
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 [perhaps state the percentage owned by
BMIX?] is Jupiter Gold Corporation ("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.
Contact:
Marc
Fogassa
CEO,
Brazil Minerals, Inc.
(213)
590-2500
info@brazil-minerals.com
www.brazil-minerals.com