Guyana Goldfields Inc. - Drill Hole Results At Peters Mine
Confirm High Grade Surface Reserves
Toronto, Ontario - Tuesday, February 29, 2000, 12:11 PM EST
Issued and outstanding: 9.2 million.
The Company is pleased to announce drilling results from the
Company's 100% owned Peters Property, Guyana. Four shallow
diamond drill holes recently completed as part of an ongoing
open-pitable resource evaluation being conducted by independent
consultants Roscoe Postle and Associates, Toronto. The location,
direction, and dip of the holes was selected by the independent
consultants. All of the holes encountered ore grade values from
surface down to the end of the holes. Results:
Grade g/
Hole No. Dip Azimuth Intersection tonne Au
---------------------------------------------------------------
CW-1 -45 degrees 90 degrees 0 - 9.91 m 5.76
(Hole abandoned due to caving)
CW-2 -60 degrees 90 degrees 0 - 18.34 m 3.11
CW-3 -60 degrees 90 degrees 0 - 17.71 m 2.14
CW-4 -90 degrees na 0 - 21.1 m 5.58
Guyana Goldfields Inc., is the leading gold exploration company
in Guyana. The Guyana Shield hosts several world class,
multi-million ounce gold deposits. The Company's objective is to
explore and develop bulk leachable gold deposits in the Guyana
Shield. The Company holds approximately 55,000 acres of mineral
exploration rights in the Guyana Shield including and
encompassing the two largest past producing mines in the country.
For further information contact:
J. Patrick Sheridan Jr.,
President and CEO.
Suite 1100
350 Bay Street
Toronto, Ontario
M5H 2S6
Phone 416 865 1232
Fax 416 363 1902
Email address: guygold@tcn.net
Website address: www. guygold.com |
