$BMIX NEWS OUT: Brazil Minerals, Inc. Receives Custom-Made Gold Retrieval Unit
PASADENA, CA / ACCESSWIRE / September 21, 2016 / Brazil Minerals, Inc. (OTC: BMIX) (the "Company" or "BMIX") today announced that the first gold retrieval unit (GRU) designed and custom-built for usage in BMIX's areas was delivered to one of its mining concession areas on September 19, 2016. Installation and testing will take several days, after which any adjustments will be made, and then the unit should become operational. As reported in a previous press release, the Company has in excess of 500,000 cubic meters of alluvial material, with varying concentrations of particulate gold, which has already been excavated and is now stored in multiple piles. Over the next several months, BMIX expects to process a substantial portion of these stockpiles before it needs to excavate for additional material to process in the GRU.
It is BMIX's current intent that, after operating this initial GRU for several weeks or a few months to acquire experience and collect data for potential improvements, it will seek to design a second unit to accommodate not only the recovery of gold, but also of diamonds. In this first GRU, material that may contain diamonds will be separated and stored. This anticipated next unit would be both a diamond and gold retrieval unit.
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.
Contact:
Marc Fogassa
CEO, Brazil Minerals, Inc.
(213) 590-2500
info@brazil-minerals.com
www.brazil-minerals.com
SOURCE: Brazil Minerals, Inc.
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