Company Background
Brazilian
Mining Inc, (BRZM) - formerly Sao Luis Mining, Inc. is a
development-stage company. In July 2006, the Company formed a joint
venture, Comercio E Mineracao Sao Luis Ltds. (the Joint Venture) in
which it owns a 51% interest. The Joint Venture owns the mineral
rights to mine certain property in Motto Grosso, Brazil for
diamonds. Brazilian Mining focuses on evaluating various
potential acquisitions. Previously, it engaged in exploring and
mining diamond properties in Brazil. Terrax, Inc. is now a
fully owned subsidiary of Brazilian Mining Corporation. The company
is based in Gardnerville, Nevada.
www.terrax.us
Recent News
Terrax Conducts Successful
Demonstration of the Theia System
GARDNERVILLE,
NV--(Marketwire - May 6,
2010) - Brazilian Mining Corporation (
PINKSHEETS
: BRZM) - Terrax, Inc., a fully owned subsidiary of
Brazilian Mining Corporation, announces A Successful Theia System
Demonstration. Under the guidance of the Chief Scientist of
Terrax, a demonstration of the Theia System was given to the Board of
Directors at a meeting, which was held in Victoria, British Columbia. Present
at the demonstration included Director Murray Owen and CEO Mike
Dillon. Don Hilman and his team demonstrated the capabilities and
some of the features of the Theia System design. The Theia System
is based on a Hyperspectral Camera and Imaging System, which is
optimized for standoff target detection. Features of real-time target
tracking and real-time alerts are under design and development.
Murray
Owen, Director and President of Terrax, stated, "We were very
pleased with the demonstration and look forward to providing a
security and detection system which is a distinct improvement over
current industry products." Several countries and
individuals with high interest and the willingness to purchase Theia
System products have approached the company. CEO Mike Dillon stated,
"I was very pleased on the results of the demonstration this is
the first stand-off real time security system available and it will
change the future of security. This is more than just a product this
has the ability of saving lives." The company plans on
demonstrating the Theia System in Jordan in May. Terax's Director of
Marketing has estimated the market demand for the Theia System to be
over 250-million dollars.
About Terrax, Inc.
Founded in 2000, Terrax is a solutions
integrator of image data and hyperspectral imaging to provide real
time detection and alert systems for civilian applications. More
information can be found at http://www.terrax.us/
About Brazilian Mining
Brazilian Mining (BRZM) focuses on
evaluating various potential acquisitions. Previously, it engaged in
exploring and mining diamond properties in Brazil. Terrax, Inc. is now
a fully owned subsidiary of Brazilian Mining Corporation. The company
is based in Gardnerville, Nevada.
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.
