Aranka Gold Inc. 'ARK:TSX.V'/Guyana Goldfields 'GUY:TSX' are Pleased to Announce Property Acquisition.TORONTO -- Aranka Gold Inc. (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension VENTURE:ARK) is pleased to announce that it has been granted a reconnaissance permit in the Aranka district, Cuyuni river Cuyuni River River, northern South America. Rising in Venezuela and flowing through Guyana, it is about 350 mi (560 km) long and forms the border between Venezuela and Guyana for some 60 mi (100 km). area, Guyana, South America South America, fourth largest continent (1991 est. pop. 299,150,000), c.6,880,000 sq mi (17,819,000 sq km), the southern of the two continents of the Western Hemisphere. . The permit, granted by the Guyana Geology and Mines Commission (GGMC GGMC Guyana Geology and Mines Commission ) covers an area totaling 100,414 acres and gives the company the exclusive right to explore and define areas of gold mineralization Mineralization The process by which the body uses minerals to build bone structure. Mentioned in: Rickets mineralization, n the bioprecipitation of an inorganic substance. and other valuable minerals for a period of eighteen months. After this time the Company may apply for up to twenty large scale prospecting licenses with an initial term of five years. The Company plans to conduct airborne geophysical surveys as well as stream sediment and soil sampling in order to define areas which may host significant mineralization of economic significance. In addition, Aranka Gold Inc. has granted Guyana Goldfields n. 1. A small slender woolly annual (Lasthenia chrysostoma) with very narrow opposite leaves and branches bearing solitary golden-yellow flower heads; it grows from Southwestern Oregon to Baja California and Arizona; - it is often cultivated. Inc. (TSX:GUY) a back in right to acquire a 50% interest in all areas held by Aranka for a period of 3 years. Guyana may exercise this right by paying Aranka 125% of the total expenditures on the properties. Guyana Goldfields has agreed to assist Aranka by providing logistical and technical support. The southern boundary of the Aranka district is located approximately eighteen miles ENE of the current base camp of Guyana Goldfield's Aurora Project
About Aranka Gold Inc.: Aranka Gold Inc. (ARK: TSX.V) is a junior exploration Company focusing on early stage gold exploration in the Guiana Shield. The company also holds significant silver assets, including the former Langis Silver mine in the Cobalt camp, Ontario, Canada. Additional Information Information is available on www.sedar.com and through the Company's offices by contacting: John Patrick Sheridan, President and Chief Executive Officer 347 Bay Street, Suite 301 Toronto, ON M5H 2R7 Tel: 416-628-5936 Fax: 416-628-5935 E-mail: psheridan@guygold.com About Guyana Goldfields Inc.: Guyana Goldfields Inc (GUY:TSX) is a Canadian based mineral exploration Company primarily focused on the exploration and development of gold deposits in the Guiana Shield of South America. The Guiana Shield is in the northern part of the Amazon Craton craton (krā`tŏn): see continent. and covers parts of Guyana, Venezuela, Suriname, French Guyana and northern Brazil. The Company holds advanced exploration projects in various stages of development and has been operating in Guyana continuously since 1996. The Company currently has approximately (CDN (Content Delivery Network) A system of distributed content on a large intranet or the public Internet in which copies of content are replicated and cached throughout the network. ) $9 million in cash and no debt. Additional Information Information is available on the Company's website at www.guygold.com and on www.sedar.com. The TSX and TSX.V have not reviewed and do not accept responsibili ty for the adequacy or accuracy of this release. Aranka Gold Inc. (TSX VENTURE:ARK) Guyana Goldfields Inc. (TSX:GUY) |
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