TORONTO, CANADA, November 16, 2011 – Cinro Resources Inc., (the “Company” or “Cinro”) a Canadian exploration company dedicated to the exploration of precious metals and Gold deposits in Guyana, South America, is pleased to announce it has commenced phase one of the exploration program on its 18 (eighteen) contiguous land blocks totaling approximately 10,000 hectares in the Potaro Mining District No. 2, Guyana, South America.
Cinro has hired Evan Persaud MSc of Guyana to oversee the work program. Mr. Persaud is an Exploration Geologist and Professor with more than 20 years’ experience, working in Canada and Guyana and at the University of Guyana. Mr. Persaud is a member of the cabinet sub-committee on Natural Resources and the Guyana Geology and Mines Commission Oversight committee in Guyana.
The Company has set up two camps; a crew of sixteen persons has been hired, inclusive of cooks, line cutters & GPS technicians. Program activities should take approximately one month, inclusive of line cutting, stream sediment sampling (30 samples to be taken in this phase), geological mapping and prospecting. The Company is also in the process of commissioning a Lidar geophysical survey which has been delayed due to the wet season in Guyana. The Company anticipates delineating drill targets by the end of 4th Quarter 2012, with a preliminary NI 43-101 done by end of 1st Quarter 2012.