Brazil Minerals, Inc. Adds Multiple Diamond Kimberlites to its Mineral Bank
(5 months ago)
PASADENA, California: Brazil Minerals, Inc. (OTC: BMIX) (the "Company" or "Brazil Minerals") announced today that it has entered into a joint venture with respect to primary diamond sources in Brazil, to be developed by Artemis Diamond Corporation ("Artemis"), a diamond-focused company.
Artemis will become one of the Brazil Minerals portfolio companies. The areas announced here contain 92,961 acres and thirteen known kimberlites and the project is in late stage of permitting with the Brazilian national mining department after diamonds were confirmed. Photos of sampled diamonds are included at the end of this release.
Marc Fogassa, the CEO of Brazil Minerals commented, "This is a highly exciting development. Primary diamond areas are incredibly rare in size with such large number of active kimberlites. Our technical team with three renowned geologists with over one hundred years of collective expertise on diamonds is advancing this project well."
Brazil Minerals has assembled a robust team of geologists, mining engineers and other local experts with trained eyes for seeking out opportunities and filtering projects. The Company has been bulking up on its mineral bank of high quality properties - currently encompassing mineral rights for diamond, gold, manganese, industrial sand - because of what it sees as a near inexhaustible demand for quality gems, precious metals and commodity mineral supplies on a global basis. Please refer to the table below for a breakdown of mineral rights acreage.
BMIX Mineral Bank:
Primary Diamond (kimberlites): 92,961 acres
Secondary Diamond (alluvial): 27,612 acres
Gold: 105,370 acres
Manganese: 4,970 acres
Industrial Sand: 4,995 acres