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Castillian to focus on gold mines investment in Brazil
Mineral exploration company Castillian is to focus its efforts on making an investment in Brazil, it has been stated.
Aberdeen International, which owns a large number of shares in Tucano Resources, a company recently acquired by Castillian, said the Canadian company was considering making an investment in Brazilian gold mines.
"Castillian is refocusing its efforts on more advanced to development stage projects with a gold and/or copper focus in Brazil and elsewhere," it said.
During the fourth quarter of 2009, Aberdeen provided merchant banking services to Castillian, which has already made an investment in Brazil by purchasing a 100 per cent interest in the Mangabal nickel-copper project in Brazil from Xstrata Nickel.
It also recently reached an agreement to buy the Hope Brook Gold Project located in Newfoundland as it continues its policy of being an aggressive and dynamic company.
"There appears to be significant mineralisation remaining in the main deposit as well as excellent potential," commented Castillian chairman David Gower.
More articles can be read at www.propertyinbrasil.com/Brazilian-News/