Guyana Goldfields finds more ore than projected

Canadian firm Guyana Goldfields Inc (GGI) found higher levels of gold than had been projected during operations at its Aurora mine last year and has set aside US$3 million for further exploration this year.

“As of December 31, 2015, 27% more ounces of gold were contained in the ore mined than were predicted by the ore reserve model for the Project,” the company said in a statement yesterday. “Results to date demonstrate a conservative ore reserve model and the high grade, profitable nature of the Aurora Gold Mine,” Scott A. Caldwell,