Guyana Gold Corp. (OTC: GYGC-News) is pleased to announce that the Company’s joint venture partner Octagon Mining Corp. has submitted an application to the Guyana Gold Mine Commission to acquire gold properties in the Barima-Waini Region. With the current claims to be acquired if approved consisting of 7 blocks with each block consisting of 44 claims totaling 308 claims. This combined with the claims previously announced in April, 2008 the Company would control 572 mining claims covering about 13,637 acres in 13 blocks.
The main mineral interests in Guyana are gold, diamond and bauxite and, recently, semi-precious stones. Octagon Mining Corp. is currently producing 100 ounces of gold per month and recently announced the purchase of additional equipment to increase its production to about 250 ounces per month.
Guyana Gold Corp.’s president, Eduard Aronov stated, “We expect an announcement on these potential claims within the next 21 days. This potential acquisition is strategically important for Guyana Gold Corp. and Octagon Mining Corp. as it secures a large land position in an area geologically similar to our successful Port Kaituma project and where previous exploration has identified several high priority gold targets.”
For more information on the Company and its properties, please visit the website at www.guyanagoldcorp.com.
About Guyana Gold Corp.
Guyana Gold Corp. is a junior mineral exploration company that specializes in identifying, acquiring and developing precious and base metal properties as well as assessing whether certain claims possess exploitable commercial and precious mineral reserves. The Company’s objective is to develop a balanced global portfolio of early-to-advanced stage projects. Guyana is currently focused on gold projects in the Caribbean. In Guyana, the Company’s key mineral project is located in the region of Port Kaituma.
“Safe Harbor Statement”
FORWARD LOOKING STATEMENTS This Information and Disclosure Statement contains various “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 as amended and Section 21E of the Securities Exchange Act of 1934 as amended. Forward-looking statements represent the Company’s expectations or beliefs concerning future events. The words believe, expect, anticipate, intend, estimate, project and similar expressions are intended to identify forward-looking statements. The Company cautions that these statements are further qualified by important factors that could cause actual results to differ materially from those in the forward-looking statements, including without limitations the factors described in this Information and Disclosure Statement. Investors are cautioned not to place undue reliance on such forward-looking statements because they speak only of the Company’s views as of the statement dates. Although the Company has attempted to list the important factors that presently affect the Company’s business and operating results, the Company further cautions investors that other factors may in the future prove to be important in affecting the Company’s results of operations. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.
Contacts:
Mr. Eduard Aronov, 702-990-3566
www.guyanagoldcorp.com
