PASADENA, Calif., Feb. 15, 2018 (GLOBE NEWSWIRE) -- via OTC PR WIRE -- Brazil Minerals, Inc. (OTC PINK:BMIX) (the "Company" or "Brazil Minerals") announced today that its lithium project area is also a mineral right for aquamarine, tourmaline and beryl and such gems have been added to its claim registration. The Company's right is in the greater Salinas area, within the Jequitinhonha Valley, in the northeast part of the state of Minas Gerais. "Minas Gerais" means "general mines" in translation which underscores its geological richness. A photograph of tourmalines in loco from the claim is attached:
Aquamarine, tourmaline and beryl found in the region are highly sought after. Two research articles on this topic, written by an expert from the Gemological Institute of America (GIA) and including maps and photographs of gems, may be obtained by accessing the following links:
https://www.gia.edu/gems-gemology/summer-1984-pegmatites-brazil-proctor
https://www.gia.edu/gems-gemology/spring-1985-pegmatites-brazil-proctor
Brazil Minerals has built a strong local team of geologists, mining engineers and other experts with trained eyes for seeking out opportunities and filtering projects. The Company has been carefully adding to its mineral bank of high quality properties. A breakdown of the Company's current mineral rights and related acreage is set forth below. Brazil Minerals regularly evaluates and prioritizes its research effort on properties and utilizes its own equipment for drilling.
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. (OTC PINK: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 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
A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/46c83db5-2a63-450e-817c-f4d61a39a30a