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Gold/Mining/Energy : Bema(Bgo) and Arizona Star -- Ignore unavailable to you. Want to Upgrade?

To: Lorne Larson who wrote (8108)	10/28/1997 9:30:00 AM
From: gmweber	Read Replies (1) \| Respond to of 10482

Lorne Larson Globe says search for senior partner concluded Bema Gold Corporation BGO Shares issued 92,190,909 Oct 27 close $4.55 Tue 28 Oct 97 In the News See Placer Dome Inc (PDG) In the News The Globe and Mail reports in its Tuesday, October 28, edition that Placer Dome yesterday acquired a two year exclusive right to investigate the potential of Bema Gold's and Arizona Star Resources' Aldebaran property in northern Chile for US$60 million. The Globe's Allan Robinson writes that Bema and Arizona Star have been looking for a senior partner capable of taking on what could turn into a gigantic development. The two junior miners are already looking at the possibility of constructing a $1.3 billion gold and copper mine at the Cerro Casale deposit at Alderbaran but Placer Dome appears particularly interested in exploring other sites. Placer Dome said it's a very low entry cost given the area's potential. If things go as planned, Placer Dome would end up with a 51 per cent interest in Aldebaran. Bema president Clive Johnson described it as a sensible deal in a difficult market. Placer Dome views Aldebaran as a new exploration area capable of hosting huge copper and gold deposits. (c) Copyright 1997 Canjex Publishing Ltd. canada-stockwatch.com regards gmweber