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Thursday, 21st July 2005 (4080 views)

StrataGold Corporation has announced that it has been granted a 1,001,927-acre (4,054.7 square kilometres) Permission for Geological and Geophysical Survey (Barama Reconnaissance Permit).<br/><br/>The agreement covers land surrounding the Company's Tassawini property in Guyana and provides StrataGold with the exclusive right to conduct exploration on the Barama Reconnaissance Permit for a period of two years in exchange for a US$40,928 annual payment.<br/><br/>During the two-year period, StrataGold will have the right to select twenty Prospecting Licenses, each up to 12,800 acres (51.8 square kilometres) in size, for gold and/or other valuable minerals.<br/><br/>The prime minister of Guyana, Honourable Samuel AA Hinds, and Robeson Benn, the commissioner of the Guyana Geology and Mines Commission ('GGMC'), attended the signing ceremony on July 14th 2005.<br/><br/>Terry Tucker, president of StrataGold, commented: "This agreement is important strategically for StrataGold as it secures a large land position in an area geologically similar to our successful Tassawini project and where previous exploration has identified several high priority gold targets."<br/><br/>The Barama Reconnaissance Permit is located around the Tassawini property within the northern Archean-Proterozoic Guiana Shield and is comprised of E-W to NE-SW trending Birrimian greenstone belts.<img alt="track" src="http://feeds.directnews.org.uk/feedtrack/dn.gif?feedid=196&itemid=14012931"/>

 

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