GREY:GUYFF - Post by User
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FlipIT2wice-on May 15, 2012 8:17pm
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Post# 19913218
I know a GUY who Knows a Guy who Says....
I know a GUY who Knows a Guy who Says....BUY GUY onTSX
Overview
Guyana Goldfields Inc. (TSX.GUY) (“GUY”) is a well-financed Canadian based junior mineral company focused on the exploration and development of gold deposits in the well-known Guiana Shield in South America with a land position of over 500,000 acres. The Company is currently undertaking technical studies to advance and develop its 100% interest in the Aurora Gold Project in Guyana.
Initiatives for 2011
Current total gold resource is 6.7 million oz. (5.34M oz M&I; 1.33M oz Inf) with development planned to start in Q4 2011.
- Strategic Drilling at both Aurora and Aranka- Ongoing
- Aurora revised Resource Estimate – Q3 2011
- Sulphur Rose revised Resource Estimate – Q3 2011
- Permitting-Q3/Q4 2011
- Hydropower F.S. – Q3 2011
- Definitive Feasibility Study NI43-101 – Q4 2011
- Start of Aurora development and construction – Q4 2011
| NI 43-101 Resource* Table - February 2011 |
| Category |
Indicated |
Inferred |
| Tonnage (MT) |
42.17
|
10.43
|
| Grade (g/T) |
3.94
|
3.98
|
| Gold (M Ounces) |
5.34
|
1.33
|
| *Cut-off grade at 0.45 g/T Au for O/P and 2.00 g/T Au for U/G |
First year of production for the Aurora Gold Project is 2013 with an average of 250,000 oz per year over a 17 year mine life with operating cash cost of US$364/oz. The Aurora Project should be a large, highly profitable world-class gold mine developed and coming on-line in the next 3 years!
https://www.kitco.com/leadgen/companies/guyana/