Pasadena-Based Company Ramps Up Brazilian Gold Mining Operation

Pasadena-based Brazil Minerals Inc. has begun using a branded gold bar mold with its logo and stock symbol in high relief for its gold production.

Gold bars produced by the company from material mined in its properties have a 96 percent gold content, the company said in a press release Tuesday.

Brazil Minerals subsidiary, Jupiter Gold Corporation, has submitted 53 samples collected in its recent drilling campaign at its Paracatu Project for geochemical analysis to SGS-Geosol’s laboratory, utilized by the major global mining companies operating in Brazil. Gold in the samples will be assayed using the Fire Assay/Atomic Absorption method.

Brazil Minerals’ senior geologist on the Paracatu Project is Rodrigo Mello. Mello, one of the most experienced Brazilian gold geologists, has developed and managed the second largest gold mine in Brazil, and has worked for Goldcorp, AngloGold and AngloAmerican, among others.

The company hosted a large gold producer from Central Asia who visited its gold and diamond operations in the Jequitinhonha Valley and Jupiter Gold’s Paracatu Project. Two other foreign groups are also planning their visit to the company’ sites, it said.

Brazil Minerals and its subsidiaries follow a business model focused on mining specific areas for gold and diamonds, and generating projects from its portfolio of high-quality mineral rights. For more information on Brazil Minerals, visit www.brazil-minerals.com.