Guyana has demonstrated itself to be a mining friendly and a stable democratic country, geared towards direct foreign investments in the mining sector. Land tenure act, legal statute and the legal system are based on the Roman Dutch Laws modified by British Common Laws with magistrates’ court, a High Court and a Court of Appeal.
Guyana has well developed and uniformly administered corporate and individual/personal tax regime, mining laws and general business systems, especially geared towards the mining sector that includes duty and tax free imports for mining and forestry equipment.
Several major and successful natural resource ventures have been commissioned by foreign investors in Guyana, including Omai Gold Mines (Iamgold, Canada), Guyana Goldfields Inc, (Canada), Rusal (Russia), and Bosai (China).
Georgetown, the Capital of Guyana has population of about 250,000, and is the largest city in Guyana. Cheddi Jagan International Airport, Timerhi offers daily flights to North America and Europe. Georgetown is both the centre of government and private business that provides support services to themining and mineral exploration companies operating in Guyana.
The Guyana Geology and Mines Commission (GGMC) is the statutory body responsible for all mineral exploration and mining activities in Guyana and is the repository of all topographic and geologic maps and information on all prospects and concessions in the country.
CINRO RESOURCES INC. PROXIMITY TO GOLD PRODUCING REGIONS:
Cinro’s Supernaam group of permits are located just to the north of Groete Creek (94 Million tons grading 0.6g/t Au and 0.11% Cu; containing approximately 1.6 million ounces of gold). The property is also in proximity to the Mariwa, Sardine Hill, and Wariri lode gold deposits.
Cinro’s Mazaruni River group of permits is located in the midst of the prolific alluvial gold and diamond district of the Mazaruni River. This area also hosts the Tamakay, Tikwah, Honey Camp, and Kaburi gold camps – all being actively worked lode deposits.
Cinro’s Rupununi and South Savannah Region group of permits are proximal to the Marudi Mountain gold deposit (4.8 Million tons grading 2.8 g/t Au, containing approximately 400,000 ounces of gold). These company permits are centered on known gold occurrences.
Cinro Resources controls 100% of all claims through executed Letters of Intent (LOI).
Cinro’s portfolio of properties has the potential to host various types of economic gold:
- Gold in quartz veins- similar to the Marudi Mountain, Tamakay, Tikwah, and Peters Mine;
- Gold in saprolite- similar to the Kaburi, Weno Lake, and Omai areas;
- Gold in intrusives and at the contact of the granite-greenstone lineament- similar to Aurora, Honey Camp, Issano, and Omai;
- Gold in alluvials, from the active and palleo river and creek channels, as mined by the locals;
- Gold in palleo alluvial terraces; and
- Gold in laterite caps, which occur throughout the area.
Cinro through its management, advisors and consultants, has established the necessary relationships with the local mining authorities and residents tobe able to carry out a systematic exploration program designed to optimize expenditures and generate results.