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Guyana Goldfields Inc

Sector: Residential • Location: Guyana

Source: International Finance Corporation (IFC)

Project
Completed

This SPI has been revised in order to reflect a slight change in the wording relating to the process of categorization of any potential future investment in this project to ensure consistency with IFC procedures.The project is to continue exploration work and complete a bankable feasibility study for the development of gold mines in Guyana. The sponsor, Guyana Goldfields Inc., holds 100% of the mi

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Project Information

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The project “Guyana Goldfields Inc” is an infrastructure initiative in the Residential sector, located in Guyana. Taiyo aggregates data on it from International Finance Corporation (IFC).

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Participants

Sponsoring Agency

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Company

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Status

Original status

completed

Taiyo status

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Taiyo last update

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Available timestamps

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Contact

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Email

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Description

Description

This SPI has been revised in order to reflect a slight change in the wording relating to the process of categorization of any potential future investment in this project to ensure consistency with IFC procedures.The project is to continue exploration work and complete a bankable feasibility study for the development of gold mines in Guyana. The sponsor, Guyana Goldfields Inc., holds 100% of the mineral exploration rights to the Aurora (14,000 acres) and Peters (8,358 acres) properties in Guyana. The company has been active in Guyana for about ten years, and it started a 10,000 meter drilling in early 2004. In June 2004, it discovered a very highly mineralized deposit at Rory’s Knoll, part of the Aurora complex of deposits. The company is starting to model the resource this quarter and expects to have a prefeasibility-quality resource by the end of 2006. Over the next 24 months the company will focus on completing the bankable feasibility study.

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Original Currency

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Original budget

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Location

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Source

Source reliability

High

Data quality score

100%

Source

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URL

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More Details

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Article Published Date

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