BRAZIL - Next area play? Message Board

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Gold/Mining/Energy : BRAZIL - Next area play?

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To: Larry Voyer who wrote (83)	12/20/1996 7:10:00 AM
From: Larry Voyer	of 97

Rea Gold (REO:TSE) has signed a letter of intent with Minerao Itajobi, a subsidiary of Minorco, giving the company the exclusive right to purchase an undivided 100% interest in the Pitangui Gold project in Brazil. (Dec. 19/96) Brazilian Resources (BZIN:CDN) has entered into a binding letter agreement giving Placer Dome (Brazil) Empreendimentos, a subsidiary of Placer Dome, options to earn a 70% interest in Brazilian's Sabara gold property.

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