Thursday, March 12, 2009

Guyana Goldfields Undertakes Full Feasibility Study For Aurora Project, Awards Contract To AMEC

Guyan Goldfields Inc. has announced a two-phase, full feasibility study for its Guyana-located Aurora project, and that AMEC is going to be doing it for them. The pre-feasibility study, normally used to convert resources into reserves, is scheduled to end in August. The Definitive (bankable) Feasibility Study is slated to be ready in February of 2010. The news release also notes that another feasibility study, for a hydroelectric power station, has also been commissioned by Guyana Gold.

This item was put on the web before trading opened yesterday. Guyana closed at $2.63, down 2 cents on the day, in moderate trading.

The company's Google Finance web page is here.

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