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Tuesday, March 06, 2018 11:01:11 AM
8:33 am ET March 6, 2018 (Globe Newswire)
Via OTC PR Wire -- Brazil Minerals, Inc. (OTC:BMIX) (the "Company" or "Brazil Minerals") announced today that its subsidiary, Jupiter Gold Corporation ("Jupiter Gold"), has been granted title to three separate gold claims covering a total of 14,619 acres located in Serrita, a well-known gold province in the state of Pernambuco, Brazil. The Company believes that these claims have potential for copper, manganese and nickel as well.
The Serrita gold district is an area known to host narrow high-grade gold mineralized quartz veins. The Brazilian government-funded "Companhia de Pesquisa de Recursos Minerais" (CPRM; Mineral Resources Research Company) researched this province extensively and confirmed gold mineralization. Companies with projects in Serrita have reported potential for multiple high-grade vein deposits. Jupiter Gold is planning to initiate its own studies later in 2018.
Brazil Minerals, through subsidiaries, has built and continues to add to the BMIX Mineral Bank as its depositary of high potential claims.
BMIX Mineral Bank
Gold: 119,989 acres
Diamond (kimberlites): 92,961 acres
Diamond (alluvial): 27,612 acres
Manganese: 4,970 acres
Sand (construction/industry): 4,995 acres
Lithium: 288 acres
Aquamarine/Tourmaline/Beryl: 288 acres
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