Brazilian Gold Signs Definitive Agreement on Boa Vista Project in the Tapajos Region of Northern Brazil
(PressMethod) - Brazilian Gold Corporation ("Brazilian Gold") is pleased to announce they have signed a Definitive Agreement through their wholly owned subsidiary, Cabral Resources (B.V.I.) Ltd. ("Cabral" or "Company"), with Golden Tapaj�s Minera��o Ltda. ("Golden"), Octa Minera��o, Ltda. ("Octa") and D'Gold Mineral, Ltda. ("D'Gold") to acquire up to a 51% interest in Boa Vista Gold Inc. ("BVG") that will indirectly hold the rights to the Boa Vista Project ("Project") through its ownership of Golden. BVG, a corporation formed under the laws of the British Virgin Islands, is owned 55% by Octa and 45% by D'Gold.
The Project is located in southern Para near the border with Mato Grosso and consists of two exploration concessions covering an area of approximately 12,536 hectares. The Project is situated approximately 280 kilometres southeast of the Company's Maues Project in Amazonas that is currently the focus of a diamond drilling and exploration program. The Definitive Agreement for this transaction was signed on January 21, 2010
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