Deal history comparison #846

Previous version (133203)

Selected version (138494)

Location #1

Spatial accuracy level
Administrative region
Location
Essequibo Islands-West Demerara, Guyana

Target country
Guyana
Comment on location
The Groete Deposit is located at Latitude 6o 37‟ 42” N, Longitude 58o 43‟ 07” W (UTM Zone 21N 310,000mE, 733,000mN, WGS 84 Datum)

Location #1

Spatial accuracy level
Administrative region
Location
Essequibo Islands-West Demerara, Guyana

Target country
Guyana
Comment on location
The Groete Deposit is located at Latitude 6o 37‟ 42” N, Longitude 58o 43‟ 07” W (UTM Zone 21N 310,000mE, 733,000mN, WGS 84 Datum)

Land area

Size under contract (leased or purchased area, in ha)
[2013] 1384
Comment on land area
The Groete Property consists of three Mining Permits (Permit Numbers V-3/MP/000, V- 3/MP/001, and V-3/MP/002), totalling 3,421 acres (1,384 ha)

Intention of investment

Intention of investment
Mining

Nature of the deal

Nature of the deal
Lease

Negotiation status

Negotiation status
[2005] Concluded (Contract signed)

Implementation status

Implementation status
[2013] Startup phase (no production)

Contract farming

Contract farming
No

Land area

Size under contract (leased or purchased area, in ha)
[2013] 1384
Comment on land area
The Groete Property consists of three Mining Permits (Permit Numbers V-3/MP/000, V- 3/MP/001, and V-3/MP/002), totalling 3,421 acres (1,384 ha)

Intention of investment

Intention of investment
Mining

Nature of the deal

Nature of the deal
Lease

Negotiation status

Negotiation status
[2005] Concluded (Contract signed)

Implementation status

Implementation status
[2013] Startup phase (no production)

Contract farming

Contract farming
No

Operating company

Name of investment project
The Groete Gold Copper Project

Operating company

Name of investment project
The Groete Gold Copper Project

Data source #1

Data source type
Company sources
File
Date
2013-01-24

Data source #2

Data source type
Media report
File

Data source #3

Data source type
Company sources
File

Data source #1

Data source type
Company sources
File
Date
2013-01-24

Data source #2

Data source type
Media report
File

Data source #3

Data source type
Company sources
File

Detailed crop, animal and mineral information

Resources area
Copper, Diamonds, Granite, Gold

Use of produce

Has export
Yes

Detailed crop, animal and mineral information

Resources area
Copper, Diamonds, Granite, Gold

Use of produce

Has export
Yes

Overall comment

Overall comment
The Groete Deposit contains an in-Pit Inferred Resource of 1.59 M gold equivalent (AuEq) ounces at 0.66 g/t AuEq including 0.49 g/t Au and 0.12% Cu contained in 74.8 M tonnes. A global sensitivity to the in-pit resource estimate (inside plus outside of pit) was calculated to be 2.0M AuEq ounces at 0.64 g/t AuEq including 0.47 g/t Au and 0.11% Cu contained in 97.4 M tonnes.

Overall comment

Overall comment
The Groete Deposit contains an in-Pit Inferred Resource of 1.59 M gold equivalent (AuEq) ounces at 0.66 g/t AuEq including 0.49 g/t Au and 0.12% Cu contained in 74.8 M tonnes. A global sensitivity to the in-pit resource estimate (inside plus outside of pit) was calculated to be 2.0M AuEq ounces at 0.64 g/t AuEq including 0.47 g/t Au and 0.11% Cu contained in 97.4 M tonnes.