Penny Stocks Alert Watch: GYGC
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Business Summary: GYGC
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. The Company’s key mineral project is located in the region of Port Kaituma, in which the Company holds a 50% interest as part of its joint venture with Octagon Mining Corp. The main interests along the Guyana Shield are gold, diamond and bauxite and, recently, semi-precious stones. Precious minerals are a general term used for gold, silver and platinum group of minerals. Base minerals are any of the more common and chemically active minerals such as copper, lead and zinc. These minerals are often the principle minerals in the creation of steal alloys and high tech equipment. Commercial minerals refer to minerals that are used for construction, which include sulphur, marble and decorative granite. Guyana Gold Corp. is committed to becoming a significant mining company in Caribbean by exploring and developing known gold prospects that will create long-life mines. The Company is focused on creating shareholder value and maximizing its opportunities for growth through acquisitions and mergers while being safety conscious and environmentally responsible. Article: More on GYGC There are several reasons why GYGC could explode. First off, gold tends to keep its value better than most currencies over time. The gold price could more than double from its current levels! Imagine how big GYGC could become if gold hits over $2000! Even Jim Cramer has projected that gold will go to $1,600 per ounce! Second, gold historically tracks the price of oil. The price of oil keeps reaching record highs! The third reason why GYGC is one to look at is the strong demand for gold in Asia. According to figures from the Shanghai Gold Exchange, China has reportedly overtaken the U.S. to become the second biggest market in the world for gold and gold jewelry. "Gold already has "the highest penetration of any other financial product," says the head of Kotak Mahindra Bank, the company behind one of India's new gold ETFs. GYGC is working with Octagon Mining Corp. who 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! GYGC's key mineral project is located in the region of Port Kaituma in Guyana. Many do not know that Guyana is at the forefront of the gold exploration sector! The main mineral interests in Guyana are gold, diamond and bauxite and, recently, semi-precious stones. Just this March, GYGC and Octagon Mining Corp. entered into a Joint Venture Agreement in which GYGC acquired a 50% working interest in certain mineral projects in Guyana. The mineral projects in the Joint Venture are comprised of 6 blocks, with each block consisting of 1,200 acres and 44 claims, for a total of 7,200 acres and 264 claims. These claims are located in the Port Kaituma Region in Guyana. The main mineral interests in Guyana are gold, diamond and bauxite and, recently, semi-precious stones. GYGC has plans to build a modern processing facility at Port Kaiituma that would further increase gold recovery rates. The joint venture has also submitted an application to acquire additional gold claims in the Barima-Waini region of Guyana which is geologically similar to the already producing Port Kaituma gold properties. GYGC President Eduard Aronov, stated, "The Port Kaituma projects may realize many potential synergies leading to accelerated development of deposits on the joint venture property. The potential Joint Venture partner is preparing a geological information package and Guyana Gold Corp. will report updates as they become available." GYGC President Aronov has knowledge and involvement in the Guyanese geology and prior involvement in Guyana mining operations since March 2000! GYGC is in a very lucrative sector right now. Gold has already increase 120% in the last 5 years!! GYGC announced in May that they have initiated the process of co-listing the company's shares on the Frankfurt Stock Exchange. GYGC President Eduard Aronov, said, "The Frankfurt Exchange should have a major impact on the company's ability to raise capital and to gain new institutional and private shareholders. In our opinion, the European market has a large appetite for the North American junior resource companies and we feel that the time is right to expand into this market." GYGC 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. GYGC's objective is to develop a balanced global portfolio of early-to-advanced stage projects. More information on Guyana Gold Corporation is available at their website: http://www.guyanagoldcorp.com/ |
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