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Article: Correcting...Brazilian Resources, Inc. Acquires Option to Purchase Producing Gold Mine.(Correction Notice)
- Article from:
- Business Wire
- Article date:
- April 17, 1997
CopyrightCOPYRIGHT 1997 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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CONCORD, New Hampshire--(BUSINESS WIRE)--April 17, 1997-- (CANADIAN DEALING NETWORK BZIN. ) Brazilian Resources, Inc. ("BRAZILIAN") announced today that it has acquired the right to purchase 70 percent of the Santa Maria Mine, a fully permitted producing open pit gold mine located in the Brazilian portion of the Guyana Shield. BRAZILIAN believes this property fits its corporate strategy of acquiring large land packages for exploration, with near term and initial stage production, in multi-million ounce geological settings. The acquisition is subject to BRAZILIAN'S due diligence.
The Santa Maria Mine has a land position of 8,345 hectares (20,862 acres) ...
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