Castillian to focus on gold mines investment in Brazil
Date added: 19th February, 2010 at 13:28
(view all articles from February, 2010)
Categories: Economy
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.
Related Articles
Local bonds 'great value' for investment in Brazil
Date added: 18th February, 2010 at 09:10
(view all articles from February, 2010)
Economic recovery boosts potential for investment in Brazil
Date added: 17th February, 2010 at 15:53
(view all articles from February, 2010)
Insurance broker makes investment in Brazil
Date added: 17th February, 2010 at 09:12
(view all articles from February, 2010)