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Gold/Mining/Energy : Savanna -- Ignore unavailable to you. Want to Upgrade?

To: Colin who wrote (92)	7/24/1998 10:10:00 AM
From: waldo	Respond to of 192

To all Additional tidbits on Suriname (you may have seen some of this already) Suriname recently proposed new mining legislation to attract foreign investors into the mining sector. Some attractive features of the new policy include: * 38% tax rate * 2 1/4% NSR royalty * Minimal import duties * Full repatriation of capital and profits * Accelerated depreciation rate. Suriname has over 80 years of uninterrupted bauxite mining agreements which have never been breached by the government. Although the mineral potential of Suriname has only received minimal exploration by modern methods, it has a prolific gold mining history in the last 100 years from creek and river placer deposits. The gold prospects typically exhibit shear-hosted or porphyry-type mineralization related to quartz-carbonate veins or stockworks within volcano-sedimentary greenstone belts intruded by tonalite-diorite plutons along major crustal breaks within the Guyana Shield. The Guyana Shield became to focus of exploration interest in the past few years as a result of the huge Las Cristinas gold discovery by Placer Dome in Venezuela, as well as the commencement of commercial production by Cambior at the large Omai gold deposit in Guyana, the only modern gold mine operating throughout the Guyana Shield. Both of these gold discoveries have strong affinities to the porphyry gold, bulk tonnage, open pit model. In addition, these lower Proterozoic greenstone belts are prolific for high grade, shear-hosted gold deposits elsewhere in the world, such as the Ashanti mine in Ghana. Both historic river gravel production and recent modern exploration discoveries in the Guyana Shield support the potential for both large tonnage, open pit gold porphyry type deposits, as well as high grade, shear vein type deposits typical of Lower Proterozoic greenstone belts in Ghana and elsewhere. I like this map...it shows how close the Gross Rosebel site is to the Brokopondo permits: cambior.com W