Canada-based Shoreham Resources Ltd has announced that a diamond drilling programme has started on the Mariwa River gold target at the Sardine Hill Property in Guyana
An Accesswire release yesterday said that a minimum of 3,000 metres of drilling is planned to depths of approximately 100 to 200 metres to test the “saprolite and shallow bedrock mineralized zones in the northwest sector of the property”. Shoreham also plans to drill test other targets at Sardine Hill defined by previous surveys.
The release said that an “airborne magnetic, VLF and radiometric survey, with 100-meter spaced lines, has been completed at Sardine Hill. This survey was performed by Terraquest Ltd. and will support mapping of bedrock structure and alteration, and provide a digital terrain model for ongoing data integration.” It was disclosed that other activity included camp construction, road and drill pad refurbishments and detailed geological work.
The Sardine Hill Property, which totals 10,427 acres, is located approximately 90 kilometres from Georgetown. The release added that the proximity of Sardine Hill to the infrastructure of Bartica and the navigable waters of the Essequibo and Cuyuni Rivers allows for cost effective evaluation and development work.
Shoreham has the right to earn a 100% interest in Sardine Hill, and pursuant to an option and joint venture agreement Mulgravian Ventures Corporation can earn a 51% interest in this property. Shoreham is the operator of the Sardine Hill work programmes.
Shoreham acquired interest in the property from presidential advisor Odinga Lumumba and former mines commission head Grantley Walrond. There had been controversy over the deal.
Shoreham is a mineral exploration company headquartered in British Columbia, Canada which focuses on the discovery and development of precious metal deposits within Guyana.