Gold fever in Guyana
JANUARY 14, 2022 – by Ian Foreman, Principal at Foremost Corporate Services
A series of important announcements are expected at Alerio Gold in the coming year. The Canadian gold explorer is active in Guyana in South America, where the Company owns two projects. The management team has over 12 years of mining experience in South America and has set big targets for 2022. The share is currently quoted at CAD 0.25, almost unchanged compared to the beginning of the year. However, the Tassawini project is quite advanced. On the 1,381 hectare site, CAD 34 million has already been invested in project development, and 1,279 drill holes with a total length of 47,509m have been drilled. Infrastructure, including a camp and access by air and water, is also in place.
Even first gold deposits amounting to 437,000 ounces have been indicated; inferred, another 33,000 ounces will be added. An increase in resources is expected in the coming year due to the ongoing exploration program. An environmental impact statement is also likely to be issued, and a preliminary economic analysis (PEA study) is planned to be released. Harpy is the name of Alerio Gold’s second project. It is located in the region called Guyana Shield and is expected to contain over 110 million ounces of gold. Gold is already being mined successfully in the region. In the immediate vicinity is Guyana Goldfields, which produced over 124,000 ounces of gold in 2019. …….
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