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| Canadian-owned Guyana Goldfields Inc. says it is moving closer to operation stage with the purchase of a US$6.3M mill to be used in its production.The company, which has concessions at Aurora and Aranka, in Region Seven, has also announced plans to award full engineering, procurement, construction and management (EPC/EPCM) contracts for physical construction of the mill, power plant, river levee, tailings and support facilities for the project within the next 30 days.Guyana Goldfields is edging closer to operations with the purchase of a mill and self-contained camp to the tune of US$9M.The purchase of the 7.9 x 6.0 metres (5.5 MW) SAG mill for the company represents its primary grinding solution for the initial milling facility is a significant milestone in the development of the project, Guyana Goldfields said.A ball mill will be added in order to facilitate the expansion, the company said. The SAG mill is expected to be delivered in 46 weeks.According to the company,Cheap NFL Jerseys Wholesale, it has also purchased a US$3M fully-equipped and self-contained camp which meets near term requirements for construction.“The company is currently evaluating options for remaining accommodations and recreational facilities required for full construction and will source from local vendors. Additional equipment and supplies will be required over the course of construction and operation of the project and the company is dedicated to purchasing as many items as possible from within Guyana.”Guyana Goldfield said that the bulk of the development and construction activities planned for the remainder of the year will be focused on continuing to upgrade the existing access road to the project site, establishing the off-site Buckhall Port facility, the construction of the first phase of the living accommodations at the project site, and communications systems for both data and voice.Guyana Goldfields is among a number of companies moving to develop large scale gold mines in the country. Since the closure of Omai Gold Mines a few years ago, the mining industry has been depending on small and medium scale activities.Guyana Goldfields which is promising significant investments, wharf facilities and employment opportunities, is hoping for a 2014 operation start.Earlier this year, the Board of Directors of the company approved a fiscal 2013 Budget of approximately US$43M with the majority of the expenditure dedicated towards the development and construction of the Aurora Gold Project. |
