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Deal #846

Location #1

Spatial accuracy level
Administrative region
Location
Islas Esequibo-Demerara Occidental, 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)
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
Exploitation permit / license / concession (for mineral resources)

Negotiation status

Negotiation status
Concluded (Contract signed)

Implementation status

Implementation status
In operation (production)

Contract farming

Contract farming
No

Operating company

Operating company
Name of investment project
The Groete Gold Copper Project

 

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Data source #1

Data source type
Media report
File

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.

May 14, 2018, 9:55 p.m.

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March 30, 2016, 2:53 a.m.

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April 8, 2013, 9:06 a.m.

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March 21, 2013, 3:36 a.m.

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March 21, 2013, 3:25 a.m.

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Feb. 15, 2013, 5 p.m.

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