Monday, September 21, 2020 9:30:45 PM
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
This post is my personal opinion. I do not provide investment advice.
ImOnABoat
Recent JUPGF News
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 09/18/2024 09:05:24 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 08/06/2024 09:15:52 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 05/28/2024 08:07:35 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 05/09/2024 09:00:33 PM
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM
Dear Cashmere Group Holding Co. AKA Swifty Global Signs Binding Letter of Intent to be Acquired by Signing Day Sports • DRCR • Sep 19, 2024 10:26 AM
HealthLynked Launches Virtual Urgent Care Through Partnership with Lyric Health. • HLYK • Sep 19, 2024 8:00 AM
Element79 Gold Corp. Appoints Kevin Arias as Advisor to the Board of Directors, Strengthening Strategic Leadership • ELMGF • Sep 18, 2024 10:29 AM
Mawson Finland Limited Further Expands the Known Mineralized Zones at Rajapalot: Palokas step-out drills 7 metres @ 9.1 g/t gold & 706 ppm cobalt • MFL • Sep 17, 2024 9:02 AM
PickleJar Announces Integration With OptCulture to Deliver Holistic Fan Experiences at Venue Point of Sale • PKLE • Sep 17, 2024 8:00 AM