Guyana Gold Corp. is pleased to report that it has received a joint venture proposal to develop the Port Kaituma Gold Project. The proposal would expand the company’s land position and increase the scale of the Port Kaituma project. Guyana Gold Corp. had received a number of joint processing proposals and has now expanded those proposals to include ownership in the Port Kaituma project. Guyana Gold Corp.’s plans are to build a modern processing facility at Port Kaituma with far greater recovery rates of gold. The new joint ownership presents an excellent opportunity for Guyana Gold Corp. to increase revenue, expand mine life and accelerate the capital recovery costs of modernizing the Port Kaituma mine.
Eduard Aronov, President of Guyana Gold Corp., stated, “The Port Kaituma projects may realize many potential synergies leading to accelerated development of deposits on the joint venture property. The potential Joint Venture partner is preparing a geological information package and Guyana Gold Corp. will report updates as they become available.”
The Port Kaituma property is located in the administrative region in Guyana. The main mineral interests in Guyana are gold, diamond and bauxite and, recently, semi-precious stones. The property is currently producing 100 ounces of gold per month and recently announced the purchase of additional equipment to increase its production to about 250 ounces per month.
For more information on the Company and its properties, please visit the website at www.guyanagoldcorp.com.
About Guyana Gold Corp.
Guyana Gold Corp. is a junior mineral exploration company that specializes in identifying, acquiring and developing precious and base metal properties as well as assessing whether certain claims possess exploitable commercial and precious mineral reserves. The Company’s objective is to develop a balanced global portfolio of early-to-advanced stage projects. Guyana is currently focused on gold projects in the Caribbean. In Guyana, the Company’s key mineral project is located in the region of Port Kaituma.
Guyana Gold Corp.
Mr. Eduard Aronov, 702-990-3566
Source: Guyana Gold Corp.