BRAZIL MINERALS, INC.'S BRIEF
UPDATE
PASADENA, CA -- March 14, 2017 -- InvestorsHub NewsWire --
Brazil Minerals, Inc. (OTC:
BMIX) ("Brazil Minerals") announced today that the gold and
diamond modular recovery plant located in one of its mining
concessions in the Jequitinhonha River valley in Brazil is now
operational and producing both gold and diamonds.
Brazil Minerals is processing auriferous and diamondiferous
gravel which had been excavated previously and stored. Recently, a
technical expert on detailed local examination has identified two
new exploration locations for gold and diamonds within the mining
concession containing the modular plant. Samples of gravel from
such areas were processed and confirmation of gold and diamonds
obtained. Later this year these locations will be excavated for
retrieval of gravel for storage and/or processing.
In other news, the local state's electric utility has approved
and authorized construction of a branch from the main electrical
grid which upon completion will allow Brazil Minerals to receive
electricity in the mining concession mentioned above. This
development is expected to decrease operational costs related to
usage of diesel-powered generators.
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 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:
Peter K. Goldy
Director of Communications
Brazil Minerals, Inc.
(213) 590-2500
info@brazil-minerals.com
www.brazil-minerals.com