Jupiter Gold Corp. (JUPGF)

[ImOnABoat]

Jupiter Gold Discovers Substantial Quartzite Deposits

Belo Horizonte, Brazil--(Newsfile Corp. - September 21, 2020) - Jupiter Gold Corporation (OTCQB: JUPGF) ("Jupiter Gold" or the "Company") announced that it has identified white and light grey quartzite deposits in one of its 100%-owned mineral rights in southeast Brazil. Preliminary calculations indicate a potential aggregate of 3.7 million tons of quartzite, a mineral which is widely used for countertops and tiles; Brazil is a leading producer and exporter. Current prices for the type of quartzite identified range from $1,200 to $2,000 per ton when sold at the quarry. Because of the possibility of potential cash flow with a relatively simple quarry, Jupiter Gold has been investigating this opportunity with a mining engineer with substantial expertise in both quartzite mining and its commercialization.

A photograph from an aerial survey of a part of Jupiter Gold's project area is found below; the contours drawn in the picture indicate the four areas with most quartzite outcroppings.

Aerial Survey

Photographs of a retrieved quartzite sample and of an outcropping in Jupiter Gold's mineral right are found below.

Quartzite Sample

Mineral Right Outcropping

The Company plans focused field studies and, if results continue to be positive, to expeditiously enter with the necessary permitting for an open surface mining operation.

Source: https://www.newsfilecorp.com/release/64232