Guyana Goldfields' World-Class Discovery

DAVID STEIN, Cormark Securities Inc. (08/25/2009)
"The Aurora project has the potential to produce on average 250,000 oz/yr and become a major mine in a mining-friendly country. Recently the company has made a push toward development with the completion of a Preliminary Economic Assessment. As well, the exploration potential is excellent as the company is extending the deposit with drilling and also has numerous other targets at various stages on the same property, as well as JVs in Guyana.

Highlight:

Positive Scoping Study Confirms Potential for a Major Gold Mine by 2012

The new mine plan calls for gold production to average approximately 250,000 oz (vs. 263,000 oz CSI estimate) annually at a cash cost of $364/oz (vs. $320/oz CSI estimate) (excluding royalties) over the mine life."

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