Archive for category: News

BELO HORIZONTE, BRAZIL –(July 11, 2018) – Jupiter Gold Corporation (“Jupiter Gold”) has received stock ticker symbol “JUPGF” for its common stock. The “F” denotes that it is a foreign company.  Trading in the common stock is expected to commence later in this quarter.

Jupiter Gold has 4,429,599 common shares outstanding, of which the public float is 250,100 shares. Jupiter Gold last issued common stock in 2017 at $1.00/share. Its financial statements are audited by a PCAOB auditor and filed with the Securities and Exchange Commission as part of its annual report. Jupiter Gold has not issued any convertible debt and its bylaws specifically prohibit the issuance of any variable-rate convertible debt.

Jupiter Gold’s main gold asset today is its Paracatu Project, a mineral right with 773 acres in a premier gold district in the state of Minas Gerais in Brazil. Drilling in this mineral right evidenced presence of gold in multiple holes and collected samples are currently undergoing geochemical analysis. This claim encompasses an alluvial plain along the Rico Creek, which drains the giant Paracatu gold deposit known as “Morro do Ouro” (Gold Hill), an ore body of 16 million ounces owned and operated by Kinross Gold Corporation (NYSE: KGC). In all, Jupiter Gold has title to eleven mineral rights in Brazil encompassing a total surface area of 94,828 acres.

About Jupiter Gold Corporation

Jupiter Gold Corporation (“Jupiter Gold”) is focused on gold projects in Brazil. It has title to eleven mineral rights in Brazil encompassing a total surface area of 94,828 acres. More information on Jupiter Gold is at www.jupitergoldcorp.com.

Safe Harbor Statement

This press release contains forward-looking statements made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward looking statements are based upon the current plans, estimates and projections of Jupiter Gold Corporation’s management and are subject to risks and uncertainties, which could cause actual results to differ from the forward- looking statements. Such statements include, among others, those concerning market and industry segment growth and demand and acceptance of new and existing products; any projections of production, reserves, sales, earnings, revenue, margins or other financial items; any statements of the plans, strategies and objectives of management for future operations; any statements regarding future economic conditions or performance; uncertainties related to conducting business in Brazil, as well as all assumptions, expectations, predictions, intentions or beliefs about future events. Therefore, you should not place undue reliance on these forward-looking statements. The following factors, among others, could cause actual results to differ from those set forth in the forward-looking statements: business conditions in Brazil, general economic conditions, geopolitical events and regulatory changes, availability of capital, Jupiter Gold Corporation’s ability to maintain its competitive position and dependence on key management. This press release does not constitute an offer to sell or the solicitation of an offer to buy any security and shall not constitute an offer, solicitation or sale of any securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction. We advise U.S. investors that the Paracatu Project, as of now, does not have measured “reserves” as such term is defined in the Securities and Exchange Commission’s Industry Guide 7.

Contact:

Marc Fogassa

Chairman & Chief Executive Officer

Jupiter Gold Corporation

info@jupitergoldcorp.com
www.jupitergoldcorp.com

BELO HORIZONTE, BRAZIL –(May 23, 2018) – Jupiter Gold Corporation (“Jupiter Gold”) announced today that it had expanded the drilling campaign of its Paracatu Project from 6 holes in an exploratory campaign to 25 holes in a detailed campaign. Eleven of the twelve holes already drilled have shown visual evidence of gold.

The target is an alluvial plain along the Rico Creek, which drains the giant Paracatu gold deposit known as “Morro do Ouro” (Gold Hill), an ore body of 16 million ounces owned by Kinross Gold Corporation (NYSE: KGC).  Geochemical analysis of the higher quantity of samples collected in the detailed drilling will allow for stronger statistical significance of results. In turn, this will permit more accurate quantification for reporting and for the preparation of a permit to mine the area.

The senior geologist on the Paracatu Project is Rodrigo Mello, who has extensive experience in Brazilian gold geology. Mr. Mello has worked in Brazil for some of the largest gold companies in the world such as Goldcorp, AngloGold, and AngloAmerican, and has written 19 geological reports, mostly on gold formations.

Photographs from the Paracatu Project drilling campaign and sample material retrieved follow:

About Jupiter Gold Corporation

Jupiter Gold Corporation (“Jupiter Gold”) is focused on gold projects in Brazil. More information on Jupiter Gold is at www.jupitergoldcorp.com.

Safe Harbor Statement

This press release contains forward-looking statements made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward looking statements are based upon the current plans, estimates and projections of Jupiter Gold Corporation’s management and are subject to risks and uncertainties, which could cause actual results to differ from the forward- looking statements. Such statements include, among others, those concerning market and industry segment growth and demand and acceptance of new and existing products; any projections of production, reserves, sales, earnings, revenue, margins or other financial items; any statements of the plans, strategies and objectives of management for future operations; any statements regarding future economic conditions or performance; uncertainties related to conducting business in Brazil, as well as all assumptions, expectations, predictions, intentions or beliefs about future events. Therefore, you should not place undue reliance on these forward-looking statements. The following factors, among others, could cause actual results to differ from those set forth in the forward-looking statements: business conditions in Brazil, general economic conditions, geopolitical events and regulatory changes, availability of capital, Jupiter Gold Corporation’s ability to maintain its competitive position and dependence on key management. This press release does not constitute an offer to sell or the solicitation of an offer to buy any security and shall not constitute an offer, solicitation or sale of any securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction.

Contact:

Marc Fogassa

Chairman & Chief Executive Officer

Jupiter Gold Corporation

(213) 590-2500

info@jupitergoldcorp.com
www.jupitergoldcorp.com

 

BELO HORIZONTE, BRAZIL–(March 20, 2018) – Jupiter Gold Corporation (“Jupiter Gold” or the “Company”) announced today that it expects to begin the initial drilling campaign of its Paracatu Project in or before May 2018. The Paracatu Project encompasses 773 acres and is situated downstream of the largest gold mine in Brazil, “Morro do Ouro”, owned and operated by Kinross Gold, a large global gold miner. Morro do Ouro had an ore body with 16 million ounces of gold; its annual gold production in 2016 was over 480,000 ounces, according to published reports.

The senior geologist on the Paracatu Project is Rodrigo Britto Mello, with over 30 years of experience and technical oversight at some of the largest gold companies in the world such as AngloAmerican, AngloGold and Goldcorp. He has written 19 geological reports, mostly on gold formations in Brazil. Mr. Mello’s experience includes being the president of the Brazilian mining company that developed the “Tucano” mine, the second largest gold mine in Brazil.

This initial drilling campaign at the Paracatu Project is set to collect samples at 1-meter intervals in six drill holes spaced 100 meters apart. Analytical examination of the samples will be conducted at the premier laboratory in Brazil, used by major gold companies operating locally. The field work should last three weeks and afterwards the analytical reporting may take three months.

In Mr. Mello’s opinion, the Paracatu Project area has significant potential for alluvial gold. The exploration potential of the Paracatu Project stems from the presence of alluvial terraces on both margins of the creek known locally as “Corrego do Ouro” (Gold Creek), which crosses the project’s area. The creek starts at Morro do Ouro, the Kinross Gold mine described above, and drains through the project area and beyond. If confirmed, mineralization in the permit area would likely lend itself to utilization of a low-cost, high-efficiency modular plant for alluvial gold retrieval, a technology in use by Brazil Minerals in one of its Jequitinhonha Valley areas.

About Jupiter Gold Corporation

Jupiter Gold Corporation (“Jupiter Gold”) is focused on gold projects in Brazil. More information on Jupiter Gold is at www.jupitergoldcorp.com.

Safe Harbor Statement

This press release contains forward-looking statements made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward looking statements are based upon the current plans, estimates and projections of Jupiter Gold Corporation’s management and are subject to risks and uncertainties, which could cause actual results to differ from the forward- looking statements. Such statements include, among others, those concerning market and industry segment growth and demand and acceptance of new and existing products; any projections of production, reserves, sales, earnings, revenue, margins or other financial items; any statements of the plans, strategies and objectives of management for future operations; any statements regarding future economic conditions or performance; uncertainties related to conducting business in Brazil, as well as all assumptions, expectations, predictions, intentions or beliefs about future events. Therefore, you should not place undue reliance on these forward-looking statements. The following factors, among others, could cause actual results to differ from those set forth in the forward-looking statements: business conditions in Brazil, general economic conditions, geopolitical events and regulatory changes, availability of capital, Jupiter Gold Corporation’s ability to maintain its competitive position and dependence on key management. This press release does not constitute an offer to sell or the solicitation of an offer to buy any security and shall not constitute an offer, solicitation or sale of any securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction.

Contact:

Marc Fogassa

Chairman & Chief Executive Officer

Jupiter Gold Corporation

(213) 590-2500

info@jupitergoldcorp.com
www.jupitergoldcorp.com

BELO HORIZONTE, BRAZIL–(June 29, 2017) – Jupiter Gold Corporation (“Jupiter Gold” or the “Company”) announced today that on June 17-18, 2017 its chief executive officer, Marc Fogassa, and its senior geologist, Rodrigo Mello, inspected on foot Jupiter Gold’s Paracatu gold area. This mineral right was elevated to an exploration permit following the publication of such authorization by the Brazilian government gazette on April 12, 2017.

The permit encompasses 773 acres and is situated downstream of the largest gold mine in Brazil, located in Paracatu, Minas Gerais, owned and operated by Kinross Gold. This open-sky mine has already produced 7 million ounces of gold, with 9 million ounces of gold remaining, according to public filings from that company; it produced 483,014 ounces of gold equivalents in 2016. During the Paracatu permit visit, precise locations of drill holes were demarcated by Mr. Mello for a preliminary analytical campaign planned to start in July 2017.

The exploration potential of the Paracatu permit stems from the presence of alluvial terraces on both margins of the creek named “Corrego do Rico” (also known locally as “Corrego do Ouro” or Gold Creek), which crosses the permit area. This can be seen from the map included in this press release. The creek starts at Morro do Ouro (“Gold Hill”), the Kinross mine, and drains through the permit area and beyond. If confirmed, mineralization in the permit area would likely lend itself to utilization of a low-cost, high-efficiency modular plant for alluvial gold retrieval, a technology developed and already in use by the Company in one of its Jequitinhonha areas.

(Jupiter Gold’s permit in relation to Kinross’ Morro do Ouro gold mine in Paracatu.)

(A photograph of part of the Paracatu permit area.)

The lead project geologist, Rodrigo Mello, has over 30 years of experience and has worked for AngloAmerican, AngloGold and Goldcorp. Mr. Mello’s experience includes being the president of MPBA, the Brazilian mining company that developed the Tucano mine, which is, today, the second largest gold mine in Brazil. He has written, as Qualified Person, 19 technical reports, following the NI 43-101 code, mostly for gold projects.

(Geologist Rodrigo Mello at the Paracatu mineral rights area on June 17, 2017.)

Industry Guide 7 Compliance

We note that that as of now this property is without known reserves, according to such the definition under the SEC’s Industry Guide 7. In further compliance with Industry Guide 7, we state that our proposed program for this area is exploratory in nature.

About Jupiter Gold Corporation

Jupiter Gold Corporation (“Jupiter Gold”) is focused on gold projects in Brazil. More information on Jupiter Gold is at www.jupitergoldcorp.com.

Safe Harbor Statement

This press release contains forward-looking statements made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward looking statements are based upon the current plans, estimates and projections of Jupiter Gold Corporation’s management and are subject to risks and uncertainties, which could cause actual results to differ from the forward- looking statements. Such statements include, among others, those concerning market and industry segment growth and demand and acceptance of new and existing products; any projections of production, reserves, sales, earnings, revenue, margins or other financial items; any statements of the plans, strategies and objectives of management for future operations; any statements regarding future economic conditions or performance; uncertainties related to conducting business in Brazil, as well as all assumptions, expectations, predictions, intentions or beliefs about future events. Therefore, you should not place undue reliance on these forward-looking statements. The following factors, among others, could cause actual results to differ from those set forth in the forward-looking statements: business conditions in Brazil, general economic conditions, geopolitical events and regulatory changes, availability of capital, Jupiter Gold Corporation’s ability to maintain its competitive position and dependence on key management. This press release does not constitute an offer to sell or the solicitation of an offer to buy any security and shall not constitute an offer, solicitation or sale of any securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction.

Contact:

Marc Fogassa

Chairman & Chief Executive Officer

Jupiter Gold Corporation

(213) 590-2500

info@jupitergoldcorp.com
www.jupitergoldcorp.com

BELO HORIZONTE, BRAZIL–(April 13, 2017) – Jupiter Gold Corporation (“Jupiter Gold” or the “Company”) is a new Brazil-focused gold company. Yesterday, Jupiter Gold, through its local subsidiary, received from the Brazilian mining department, Departamento Nacional de Produção Mineral (“DNPM”), the exploration permit (“Alvará de Pesquisa”) for the mineral right designated by the number 831.942/2016 in DNPM’s database. The exploration permit awarded is through 04/17/2020, which is the deadline for Jupiter Gold to submit a research report on this mineral right to DNPM. However, under certain circumstances, Jupiter Gold may apply for an extension of up to an additional three years (until 2023) if it needs time for further research. An approved research report by DNPM is a necessary step to a commercial mining license.

Mineral right DNPM 831.942/2016 crosses into the municipalities of Dionisio, Marliéria, e São Domingos do Prata, all in the state of Minas Gerais, in Brazil, and has a surface area of 1,889.51 hectares (approximately 4,669 acres). These municipalities are within the greater Itabira area. Itabira is a city with 108,000 people, and is part of the “Quadrilátero Ferrífero” (Iron Quadrangle), roughly a geographical quadrangle in shape with the largest iron mines in Brazil and underground gold mines.

Geological formations in the Iron Quadrangle are rich and highly complex; gold mines usually begin as open-sky alluvial operations and later advance underground following primary gold deposits. Several companies have operated gold mines within the Iron Quadrangle, notably AngloGold Ashanti and Jaguar Mining. Although a hired expert indicated potential in this claim, confirmatory geological research has not been performed as of yet.

Industry Guide 7 Compliance

We note that that as of now this property is without known reserves, according to such the definition under the SEC’s Industry Guide 7. In further compliance with Industry Guide 7, we state that our proposed program for this area is exploratory in nature.

About Jupiter Gold Corporation

Jupiter Gold Corporation (“Jupiter Gold”) is focused on gold projects in Brazil. More information on Jupiter Gold is at www.jupitergoldcorp.com.

Safe Harbor Statement

This press release contains forward-looking statements made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward looking statements are based upon the current plans, estimates and projections of Jupiter Gold Corporation’s management and are subject to risks and uncertainties, which could cause actual results to differ from the forward- looking statements. Such statements include, among others, those concerning market and industry segment growth and demand and acceptance of new and existing products; any projections of production, reserves, sales, earnings, revenue, margins or other financial items; any statements of the plans, strategies and objectives of management for future operations; any statements regarding future economic conditions or performance; uncertainties related to conducting business in Brazil, as well as all assumptions, expectations, predictions, intentions or beliefs about future events. Therefore, you should not place undue reliance on these forward-looking statements. The following factors, among others, could cause actual results to differ from those set forth in the forward-looking statements: business conditions in Brazil, general economic conditions, geopolitical events and regulatory changes, availability of capital, Jupiter Gold Corporation’s ability to maintain its competitive position and dependence on key management. This press release does not constitute an offer to sell or the solicitation of an offer to buy any security and shall not constitute an offer, solicitation or sale of any securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction.

Contact:

Marc Fogassa

Chairman & Chief Executive Officer

Jupiter Gold Corporation

(213) 590-2500

info@jupitergoldcorp.com
www.jupitergoldcorp.com