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Reply to "New development ideas by the PNC/APNU/AFC since May 2015 -- Continued"

Omai Gold Mine project is not a new one.

It is redevelopment of the project since the waste issues from 1995 and shut down in 2005.

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Govt. signs US$4M deal for redevelopment of Omai Gold Mine Site

Nov 07, 2017 News, https://www.kaieteurnewsonline...omai-gold-mine-site/

https://www.kaieteurnewsonline.com/images/2017/11/omai-ramp2.jpgThe Omai mine site, in its heyday

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More than a decade after Guyana’s biggest gold mine shut its operations; commercial activities are again being touted for the mineral-rich area.
Yesterday, Canadian-owned, Mahdia Gold Corporation (Guyana), Inc. announced that it has signed a Memorandum of Agreement for the issuance of a new Prospecting Licence for the Omai Gold Mine Site, Potaro, Essequibo River.

“The Prospecting License will facilitate the Company’s next phase of development. The company has agreed to pay the Guyana Geology and Mines Commission (“GGMC”) a total of US$4M over four annual payments,” the company said.

The Omai Gold Mine was the largest gold mine in South America when opened. The mine was previously operated by Cambior Resources and subsequently IAMGOLD. During its thirteen years in operation, the mine produced 3.7 million ounces of gold. Historic data suggest a multimillion-ounce resource remains, Mahdia Gold said.

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FM
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