Large scale gold mining at Marudi in Region Nine is a step closer as the Guyana Geology and Mines Commission (GGMC) and mining company, Romanex Guyana Exploration Limited, yesterday inked a licence for the company to mine there.
Chairman of the Board of Directors, GGMC, Ronald Webster (left) and Director, Romanex Jennifer Falconer (second from left) sign the Marudi Mining Licence. Looking on from left are Commissioner (acting) of the GGMC, William Woolford, Land Management Officer, Adele Butts and Representative and Vice President, Shoreham Resources Limited, Glenn R. O’Gorman. (GINA photo)
Acting GGMC head, William Woolford had told this newspaper last year that Romanex was one of two companies granted licences for large-scale gold mining and was looking to produce between 50,000 to 100,000 ounces of gold per year.
Yesterday, the regulatory body and the company inked the Marudi Mountain Mining licence, the Government Information Agency (GINA) reported. According to GINA, the mining licence is being granted on behalf of Romanex, “a Guyana Company which holds 100 percent of the Marudi Mountain Project in Region Nine”. The licence solidifies the right to develop and mine the Marudi Mountain targets, it said.
Earlier this year, Stabroek News had reported that Shoreham Resources Limited, a Canadian exploration company had exercised an option to acquire 75% of the shares of Romanex, which is held by Infinito Gold Corporation (formerly Vanessa Ventures Incorporated). A press release from Shoreham had also announced that the company had signed an agreement with a French mining company Rexma Participacions (Rexma), for that company to work in Shoreham’s Marudi Mountain Gold Project. The release had said that French gold mining company is looking to begin production at Marudi by November 1 and had committed to major expansion of production capacity within the next two years.
Vice President of Shoreham, Glenn R. O’Gorman was present at yesterday’s signing and said it is a momentous occasion since it punctuates the company’s start in Guyana in developing mines. “We have been very active in Guyana in the last year and we have acquired quite a number of properties some at vast stages. We like Guyana…and we hope to be part of it and so this is a start,” GINA quoted him as saying.
Woolford said the Marudi Mountain property has been of interest to investors for a long time and expressed pleasure to see that the company has made a start. “We welcome the investment and look forward for responsible mining in the area of the Marudi Mountain,” he was quoted as stating. Chairman of the GGMC Board of the Directors, Ronald Webster said the area has enormous potential and assured that it will be monitored by the Commission with a great deal of interest. “It is a pleasure to see a company from a prospecting stage move to actually mining,” he said, according to GINA.
In recent years, GINA said, the GGMC has examined the prospects of developing the mining sector where several mining projects were conducted. These include medium-scale investments in various areas of the country including the North West District, Mahdia, Quartz Stone, Aremu and other regions.
Romanex was to have initiated gold mining in Marudi several years ago but it never got off the ground. The recent sharp rise in the price for gold has seen more interest in the sector.
Shoreham is a Canadian company dedicated to the exploration of precious metals and polymetallic deposits in South America and Canada. According to its website, the company holds significant exploration land positions in the Marudi Mountain and Potaro River (Omai/Mahdia area) of Guyana. These project areas include the advanced Marudi Mountain/Mazoa gold targets and the Maple Creek Diamond/Gold Mine. The company is actively exploring for gold along the Marudi Mountain/Paint Mountain Trend and in the lateritised greenstone areas of the Potaro Project area. The objectives are expansion of the Marudi targets to a nominal objective exceeding one million ounces of gold, and development of shallow bulk mineable gold targets in the Potaro area, according to a statement on its Guyana operations.
Nice stuff, great work. We need to see more of these.
Jagdeo and Rawberts get your head out of the sand and re-engage with UNAMCO.
Slackers!!
SHOREHAM! is it EXPLORATION or EXPLOITATION? guyana has so much wealth that they cannot handle, they have to call foreigners to EXPLOIT= explore . Not forgetting the POVERTY with all the gold and dimond that foreigners are exploiting
WHEN WOULD YOU PEOPLE WAKE UP??? HANDLE YOUR OWN WEALTH…OH YEAH! ME FUGET PAYPA DONE SINE!!
SHOREHAM!!!/SHORE-MAN….GUYANA IS GOING TO BE EXPLIOTED ONCE AGAIN… THIS TIME OFFICIALLY!!!!GREAT THINKING
Balgobind, Shoreham is a publicly traded company, listed on the Toronto Venture Exchange (SMH-X).
As a concerned Guyanese, buy some shares and “represent” the national interest in either the loss or profits that will result from this investment.
If you can’t do this, how can you complain?
Another Omai – what did Guyana get out of Omai? A big hole< damage to the rainforest and ecology and Oh yes!!!! the cyanide spill that no one has done any research on with regards to its long term effects to the Amerindians etc.
As said the other day.
Only when the last river is poisoned,
only when the last tree is cut
Only when the last fish is killed
will we realize we can’t eat money.
One can only hope that people wake up to what they are loosing.
kick them out. if they want to invest let them invest in agriculture.
Funny jagdeo didn’t want to kick out omai and all the complaining about omai had stopped under the Peee Peed Poo once they got into government, I wonder why…..hmmmmmm.
Kinda similar to how they so badly wanted to get rid of GT&T as jagdeo always likes to remind us “everyone knows I don’t want this monopoly” wink wink!
heheheeh
Signing and awarding a license. Good. When is the government going TO OWN A MINE IN IT’S OWN COUNTRY?
“We like Guyana”, that is such nonsense, I think its more like, “we love whats coming out of Guyana. These are all matters that Guyana should take interest in, we are a wealthy country full of resources and yet so many living below the poverty line. Lets hope this is not another Omai who flooded our lands with poison and taking our wealth. Everyone wants to come in and take a piece of our resource. Its sad to know that people can come from anywhere to own up OUR wealth and people are ok with that.Wake up Guyana and dig your own gold, its about time.
No mention of what they can do for the country or its people
1mil ounces and100 percent foreign owned
Not true. There are Guyanese who own shares in Shoreham Resources. I am happy to be one of them. Wish me success with my investment?
Peace,when I need a financial adviser I will let you know!As shareholder in SHORE-MAN I wish your investment would not end up somewhere in the BAHAMAS!!! I would rather give my money to the DHARAMSALA, GEE BEGGA-MAN A PIECE A BREAD. WHAT I GIVE TO THE POOR I LEND TO THE LORD. FURTHER MORE I
HAVE BROUGTH INTO THIS WORLD NOT ONLY A FINANCIAL BUT ALSO A LEGAL ADVIISER and she said if you are interested in GOLD I have a few pieces 22.5 karrat all the way from Thailand and Indonisia You can start your own GOLD MINE I will sell them excluding work-man-ship. Another thing,I do not have to invest
anymore in any place, because where I live; if I work or not I do not have to live on FOOD STAMPS. I also my “CUMBUSH”in guyana where I can always THROW-BACK wid me batle-lamp an me
CHOLE-HA (FIAH-SIDE) and I’m OK..hope U EARN A fortune WID YU PIECE A GOLD MINE .Just imagine a SHARE HOLDER binins with profit and LOSSES. I would invest where there is PROFIT&SHARING
is involved NO WISE-MAN=SHOREMAN is going to spend this FOOLS MONEY!!!!take an example from CICLO!!!