South Africa Gold Mining Company, Gold Resources Correct Number Of Mining Exploration Projects
August 27th, 2009
Gold Resource plan the development of mining exploration projects in various countries. Development of mining exploration projects undertaken to increase the Goldstone mining exploration and production mining company. But any plan to develop the mining exploration projects must be approved by the largest shareholder Goldstrone, GeoQuest.
Implementation of development plans of mining exploration project undertaken by Goldstone is acquiring 100% stake in DR3 uranium project in South Africa, Hymrai Properties. But the plan must obtain approval from the South African Department of Minerals and Energy (DME) and the company must be listed on AltX.
Any future acquisitions by the Goldstone of interest in the project, or other projects in the Southern African Development Community, would require GeoQuest to release its interest in the company or require Goldstone to list on JSE, the company said.
Meanwhile, the company reported that it had applied for a license eleven prospects that are part of the bauxite exploration project in Guyana, in South America.
The Guyana Geology and Mines Commission has approved the granting of licenses eight prospective customers, he added.
The company is also continuing exploration work on a number of potential gold prospects in Mali, Senegal and India.
It expects prospect Sangola permission to license, in Senegal, to be given immediately, while the license application is also held in India.
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