Mr. Dan Noone reports
GUYANA GOLDFIELDS ANNOUNCES INITIAL METALLURGICAL TESTING FOR SULPHUR ROSE RETURNING FAVOURABLE RESULTS
GuyanaGoldfields Inc. has provided the results of initial metallurgical testworkperformed on samples from its Sulphur Rose property at Aranka. Thework was conducted by SGS Mineral Services of Lakefield, Ont. Afinal report was received on Jan. 13, 2010, and was reviewed by LesHeymann, PEng, the metallurgical consultant to the company. TheSulphur Rose project is located approximately 23 kilometres northwestof thecompany's flagship Aurora project in the Cuyuni mining district,northwest Guyana.
This is the first of what will become a series of metallurgical testsfor Sulphur Rose as the project advances into the development stage.
Highlights of the results are as follows:
- Gravity gold recovery is approximately 30 per cent;
- Overall recovery (gravity plus cyanidation of the gravity tails) was 91.9 per cent.
Mr. Heymann noted that the Sulfur Rose material "is not refractory andis metallurgically similar to the material from Aurora and (we) shouldbe able to treat it in the same mill. Some of the design parameterswill be a little different but a good mill superintendant should beable to stick handle his way through the differences."
Mr. Heymann, PEng, is an independent metallurgical consultant tothe company. He monitored the investigation, reviewed the final reportand is acting as the qualified person (QP) with regard to themetallurgy, for this release.
The full metallurgical report is available on the Guyana Goldfields'website.
To date, Micon International Ltd. of Toronto estimated that theSulphur Rose property has an initial inferred resource estimate of6,853,000 tonnes having average grade of 2.09 grams per tonne (g/t) for a contained460,400 ounces gold (please see news in Stockwatch on Dec. 31, 2010).
Patrick Sheridan Jr., chief executive officer of Guyana Goldfields, commented, "Thisrecently completed initial metallurgical investigation is a technicaldevelopment that will positively contribute to the economic evaluationof both Sulphur Rose and the Aurora project."
The company will continue to explore the Sulphur Rose property by acombination of infill and step-out drilling. Other zones of interestthat are proximal to the drilling area are concurrently being evaluatedby grid auger drilling and soil sampling.
All scientific and technical information contained in this press releasehas been prepared under the supervision of Mr. Heymann, PEng, aqualified person within the meaning of National Instrument 43-101 ofthe Canadian Securities Administrators.
We seek Safe Harbor.