There was a GUYANA SHIELD thread started some time back. Never went anywhere ... but the SUBJECT introduction may be of interest. It follows:
Started By: Daniel Paloyan
Date: Nov 6 1996 10:40PM EST
Ron: (Ron Pitts) here is a start.
Part I
One of the most intriguing areas in the world of mining
precious metals is the Guyana Shield. This is a geologic formation
which extends into the neighboring countries of Venezuela, Brazil,
French Guyana, Guyana, and Suriname. It shows great similarities
to the West African Shield, to which (it is believed) that it was
once attached to. Both areas have similar geologic ancestry,
including greenstones. I know virtually no geology, but what we are
learning about these areas is that they are among the most prospective
precious mineral zones in the world.
I don't begin to expect that I can do justice to this topic,
because it would take a lot of it is beyond my scope. However,
consider the companies that are in the Guyana shield and what they
have found.
Goldenstar:
Goldenstar (GSR) is one of the top junior companies to identify
great gold/diamond properties in the area. Almost everyone by now
has heard of the Dachine property in French Guyana, a potentially
world class diamond property, run by Guyanor, as subsidiary of
Goldenstar (70 % owned), and J/V with BHP, a large Australian Co.
Briefly, GSR has multiple properties in Guyana, French Guyana, and
Suriname, all of which are hitting outstanding deposits of gold. It
is one of the few gold mining shares listed in the U.S., that is
trading a few dollars from its all-time high.
Placer Dome:
The entire kilometer 88 area is part of the Guyana Shield. Placer
Dome has the well known Las Cristinas (Venezuela) property, which
they announced earlier this year will go into production. This is
a world-class deposit with at least 10 million oz of gold.
Other companies in this area include:
Crystallex (Venezuela), Gold Reserve (Venezuela), Franc-Or (French
Guyana), Toscana (Guyana), Ourominas (Brazil), International TME
(Guyana).
This is a huge subject, and I'll continue it tomorrow. Suffice it
to say that I believe we will see more world-class mining projects
developed in the Guyana Shield, as well as the West African shield,
to eventually rival the South African mines, which are becoming
economically exhausted. I believe that investment in the best
companies involved will prove to be very rewarding.
Regards
Dan |
