Canadian company applies for large-scale gold licence
Another large-scale gold mine is set to open soon in Region Seven with the authorities processing the application by Canadian mining company Sand-spring Resources Limited for a Mineral Licence.
“ETK Inc/Sandspring recently made an application for a Mineral Licence which is currently being processed by the Guyana Geology and Mines Commission,” Minister of Natural Resources and the Environment, Robert Persaud told Stabroek News. The company wants to produce 228,000 ounces of gold per annum from its proposed Toroparu Gold Project in Region Seven.
In his budget 2014 presentation in March, Minister of Finance Dr. Ashni Singh said that the ETK/Sandspring project is also poised for further developmental works geared to production start up by 2015. The project is one of three large-scale mines including Troy Resources Limited and Guyana Goldfields who are …..To continue reading, login or subscribe now.