GREY:MHGPF - Post by User
Post by
SIROUSLY777on Jul 30, 2014 9:15am
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Post# 22793353
MAYBE TD wants to SELL it back to .02 or LOWER ?
MAYBE TD wants to SELL it back to .02 or LOWER ? Aurora Project
Overview
Guyana Goldfields Inc. is focused on the construction and development of the Aurora Gold Project which is scheduled to reach commercial production by mid-2015. The mine plan for the Aurora Gold Project is designed to produce 3.29 million ounces of gold, averaging 194,000 ounces per year, over an initial 17 year mine life. The Aurora Gold Project has total proven and probable reserves of 3.48 million ounces of gold (2.38 million tonnes at 3.04 g/t Au of proven reserves and 37.22 million tonnes at 2.72 g/t Au of probable reserves). The project has a total gold resource of 6.54 million ounces in the measured and indicated categories (62.83 million tonnes at 3.24 g/t Au) as well as an additional 1.82 million ounces in the inferred category (16.93 million tonnes at 3.34 g/t Au).