Guyana Gold­fields be­gins Au­rora un­der­ground de­vel­op­ment

Stockwatch Daily - - MINES & METALS - Mr. Scott Cald­well re­ports

GUYANA GOLD­FIELDS Inc. has com­menced un­der­ground de­vel­op­ment at the Au­rora mine com­plet­ing the first blast on the Mad Kiss por­tal. The con­trac­tor will com­plete and re­in­force the col­lar and ex­tend the de­cline 200 me­tres to ful­fill the scope of the early works phase. The com­pany ex­pects this will be com­pleted early in Q1 2019. The com­pany is fi­nal­iz­ing the re­view of bids re­ceived for the un­der­ground de­vel­op­ment con­tract with the tar­get of fi­nal award in the fourth quar­ter of 2018.

The plan is to ad­vance the ex­plo­ration de­cline ap­prox­i­mately 2,500 me­tres and pro­vide a plat­form for fur­ther un­der­ground ex­plo­ration and def­i­ni­tion drilling. The de­cline is in­tended to pro­vide ac­cess to all prin­ci­pal un­der­ground min­ing ar­eas, in­cludi ng some higher-grade zones in Mad Kiss and East Wal­cott that could po­ten­tially pro­vide sup­ple­men­tal mill feed dur­ing the de­vel­op­ment pe­riod.

Scott A. Cald­well, pres­i­dent and chief ex­ec­u­tive of­fi­cer, states: “The blast is a key mile­stone mark­ing the com­mence­ment of un­der­ground con­struc­tion. The de­cline pro­vides an ideal plat­form to po­ten­tially up­grade and ex­pand the cur­rent un­der­ground re­source and un­lock the full po­ten­tial of the Au­rora de­posit.”

About Guyana Gold­fields Inc.

Guyana Gold­fields is a Cana­dian-based mid-tier gold pro­ducer pri­mar­ily fo­cused on the ex­plo­ration, de­vel­op­ment and op­er­a­tion of gold de­posits in Guyana, South Amer­ica.

We seek Safe Har­bor.

David Mal­colm Beatty, Scott An­drew Cald­well, Jean-Pierre Chau­vin, Alan Louis Henry Ferry, Rene Luis Joseph Mar­ion, Daniel Joseph Noone, Michael Barry Rich­ings, Pa­trick John Jr Sheri­dan

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