141 ADELAIDE STREET WEST, SUITE 1205
TORONTO
Ontario
Canada,
M5H 3L5
Phone: +1 (416) 628-5936
Fax: +1 (416) 628-5935
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extreme leverage to gold
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 totaling 350,000 acres. The Company is currently undertaking technical studies to advance and develop its 100% interest in the Aurora Gold Project in Guyana.
Current total resource is 4.58 million oz. with an objective to critically advance the Aurora Gold Project. The following activities are being carried out with development planned to start in Q2 2010:
- Strategic Drilling - Q2-Q3 2009
- Preliminary Economic Assessment NI43-101 - Completed
- Environmental and Social Impact Assessment – Q4 2009
- Hydropower Feasibility Study - Q4 2009
- Definitive Feasibility Study NI43-101 – Q2 2010
- Permitting – Q2 2010
- Project Financing (Equity/Debt) – Q2 2010
First year of production for the Aurora Gold Project is 2012 with a production average of 250,000 oz per year over a 16 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!
For More Information go to
www.guygold.com
Company NewsTuesday, October 20, 2009 Guyana Goldfields Inc. reports the acquisition of three contiguous groups of properties in Guyana totaling approximately 79,000 acres. The newly acquired area has a long history of gold production dating back ninety years. Furthermore, the properties are contiguous to the company's current holdings in the Aranka district. Company geologists have so far identified two areas for immediate follow up exploration work including diamond drilling. News ReleasesTuesday, October 20, 2009 Thursday, October 08, 2009 Wednesday, September 09, 2009 Map Legend: Producer Past Producer  Development  Exploration |
