Canadian company Mulgravian Ventures (Guyana) Inc. to manage the Marudi Mountain Project.
You might remember this video of Police officers beating miners in the Marudi region earlier this year. The shocking incident brought to light the fact that several miners were working on property licensed to Romanex Guyana, which is owned by another company called Guyana Frontier.
Today, the parent company announced that Canadian company Mulgravian Ventures (Guyana) Inc. will manage the Marudi Mountain Project.
The management would include the mining operations as well as Marudi Mountain’s camp infrastructure, logistics and security. Guyana Frontier will maintain the responsibility of developing and advancing the Marudi Mountain project, through its exploration activities relating to hard rock mining.
Romanex Guyana was granted a license to mine for gold in an area covering more than 13, 000 acres.
That license was granted in April 2009. A review of the company’s license was ordered when the Ministry of Natural Resources found that no mining or exploration work was ongoing on behalf of the company, although the company had committed to carrying out exploration activities within the early part of this year.
The Guyana Geology and Mines Commission had said it was evident that no work was expected to commence on the property in the near future as no mining plan was submitted.
Gold has been known to occur in the Marudi region since 1934, when Government geologists became aware of pork knockers in the area. The deposit has been exploited more or less continuously by local pork knockers, since that time. Production from the concession area is unknown but estimates inferred from the size of old workings and the observed grades of material range to over 100,000 ounces of gold.
The mining will take place an estimated 50 kilometers from the nearest indigenous Wapichan community of Aishalton, where an estimated 1, 200 people live.