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Welcome to our comprehensive profile on Guyana Gold Corp.
(OTC: GYGC)
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OVERVIEW
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, in which the Company holds a 50% interest as part of its joint venture with Octagon Mining Corp.
On March 1, 2008, the Company and Octagon Mining Corp. entered into a Joint Venture Agreement in which the Company acquired a 50% working interest in certain mineral projects in Guyana. Under the terms of the Joint Venture, Octagon Mining Corp. is primarily responsible for the mining operations, though the Company is obligated to provide certain personnel to assist with operations.
The mineral projects referenced in the Joint Venture are comprised of 6 blocks, with each block consisting of 1,200 acres and 44 claims, for a total of 7,200 acres and 264 claims. These claims are all located along the Guyana Shield region of Port Kaituma in Guyana. The main interests along the Guyana Shield are gold, diamond and bauxite and, recently, semi-precious stones.
Precious minerals are a general term used for gold, silver and platinum group of minerals. Base minerals are any of the more common and chemically active minerals such as copper, lead and zinc. These minerals are often the principle minerals in the creation of steal alloys and high tech equipment. Commercial minerals refer to minerals that are used for construction, which include sulphur, marble and decorative granite.
Guyana Gold Corp. is committed to becoming a significant mining company in Caribbean by exploring and developing known gold prospects that will create long-life mines. The Company is focused on creating shareholder value and maximizing its opportunities for growth through acquisitions and mergers while being safety conscious and environmentally responsible.
Guyana Gold has premium professionals in the company's exploration, mining, and financial areas. They also have an experienced general manager at their Guyana mine. One of their most important assets is the teams of skilled people at the mine sites and in the field. They appreciate their hard work and thank them for their dedication. People that work on site are mostly Brazilian and Guyanese. There are 10 people working daily.
Guyana Gold Corp is engaged in serving the growing demands for mineral resources and long term geological operations.
Vision
Guyana Gold’s vision is to be a preferred gold company delivering shareholder value through profit and growth. They are continually assessing new business opportunities and recognize that the strength of their relationships, their experience in gold deposits in Guyana, and their operating expertise will provide the opportunities for growth. Growth is propelled by focused gold exploration and prudent acquisitions producing high margin operations. Their expertise is based on embracing cultural diversity and skill development, fostering teamwork and a focus on the best result for all stakeholders.
About Guayana
Guyana is situated on the Guyana Shield, one of the richest deposits of minerals in the world, and has attracted international interest among the largest mining companies in the world. The main interest is in gold, diamond and bauxite and, recently, semi-precious stones.
In addition to being a country with many waterways that support the name "Land of Many Waters," Guyana is indeed the "Green Land of Guyana," as expressed in its National Anthem. In fact, Guyana is one of the greenest countries in the world! Yet mining of gold, diamonds, bauxite, stone products and sand and semi-precious stones is one of the main contributors to its growing economy. |
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