Brazil Minerals Inc, Brazil–(May 25, 2020) – (OTC Pink: BMIX) 100% subsidiary Jupiter Gold’s Alpha project has revealed within testing previously the site has an estimation for the upper layers in such study area of 64,000 oz. of gold with a cutoff of 0.8 g/t. Further, Jupiter Gold’s technical team believes there is actually a larger gold mineralization due to vertical expansion with drilling in the initial site to characterize primary gold deposits in rock underneath the known deposits in saprolite and colluvial layers. This site, which is known as the “Rio das Velhas Supergroup”, has yielded some of the largest known gold mines in Brazil.
The company has pushed forward with additional testing,
An additional goal of the studies conducted was to support the Company’s forthcoming independent technical report on this project, and for this purpose 225 samples were collected for geochemical and gold processing analysis.
Interestingly, Brazil Minerals Inc (BMIX) also owns 100% now of the Rubelita Lithium project, spanning a large 288 acres. The area around the municipality of Rubelita in the state of Minas Gerais is in a known province for lithium after detailed studies by the Brazilian government-funded CPRM (Mineral Resources Research Company) confirmed lithium mineralization.
Recently Mitsui signed a $30M deal with nearby Sigma to develop lithium production from this province