The Region Seven gold mine to be built by the Australian firm Troy Resources Guyana Inc would see the 14 Mile Issano community, a mining settlement which according to one estimate comprises some 100 persons, having to relocate.
“The 14 Mile Issano community is located within the footprint of the proposed open pit. This community would have to be relocated and resettled to make this project a reality,” the final Terms of Reference for the Environmental and Social Impact Assessment (ESIA) for the gold mine states. The ESIA is currently being done by Ground Structures Engineering Consultants Inc.
Troy Resources has proposed a medium-scale gold mine designed to produce up to 110,000 ounces of gold per annum based on an average overall recovery of 92% at the Black Water Creek, Kaburi Area, in Region Seven. The company last year took over Pharsalus Gold Inc (PGI) which holds gold …..
TRY Price at posting:
99.0¢ Sentiment: Buy Disclosure: Held
