Brazilian Mining Corporation announces that a satellite remote sensing study used in advanced multi-spectral exploration
Brazilian Mining Corporation announces that a satellite remote sensing study used in advanced multi-spectral exploration has identified with a high probability several diamondiferous kimberlites on property 231. The Kimberlite sites were not included in the original $300,000,000.00 evaluation of the property. The company is planning to aggressively pursue these formations. Updates to follow.
According to Wikipedia-cid-2228826. Kimberlite is a type of potassic volcanic rock best known for sometimes containing diamonds. It is named after the town of Kimberley in South Africa, where the discovery of an 83.5 carats (16.7 g) diamond in 1871 spawned a diamond rush, eventually creating the Big Hole. Kimberlite occurs in the Earth’s crust in vertical structures known as kimberlite pipes. Kimberlite pipes are the most important source of mined diamonds today. The general consensus reached on kimberlites is that they are formed deep within the mantle, at between 150 and 450 kilometers depth, from anomalously enriched exotic mantle compositions, and are erupted rapidly and violently, often with considerable carbon dioxide and other volatile components. It is this depth of melting and generation, which makes kimberlites prone to hosting diamond xenocrysts.
About Brazilian Mining:
Brazilian Mining Corporation. (PINKSHEETS: BRZM) is a diamond mining and precious metals exploration company. Its strategy is to acquire interests in producing mines and develop properties that have the promise to be economically viable.
Forward-Looking Statements:
This news release contains “forward-looking statements” within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. When used in this release, words such as “estimate,” “expect,” “anticipate,” “projected,” “planned,” “forecasted” and similar expressions are intended to identify forward-looking statements, which are, by their very nature, not guarantees of Brazilian Mining Corporation future operational or financial performance, and are subject to risks and uncertainties. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this release. Due to the risks and uncertainties, actual events may differ materially from current expectations. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
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