Canadian Firm Begins Gold Drilling Programme in Southern Guyana
Above: Marudi Mountain (Photo: GF)
By the Caribbean Journal staff
Canadian firm Guyana Frontier has begun a 3,000-metre drilling programme at the Marudi Mountain Gold Project in Southern Guyana.
The project is slated to continue until April at Marudi Mountain, where the firm has one licence totaling 13,502 acres.
Guyana Frontier holds a 100 percent interest in its project, subject to a 2 percent net smelter returns royalty; the company also owns a 100 percent interest in the nearby Paint Mountain property.
The firm, which began operations in Guyana in 2007, holds various rights to obtain working interests in more than 340,000 acres in the country.
In November, the Guyanese government signed a partnership with another Canadian mining company, Sandspring Resources, and its affiliate, ETK, on an operation that could yield as much as 300,000 ounces of gold per year.
That project is located in the Toroparu mines between the Cuyuni and Mazaruni rivers.
