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GOLD CONCESSION ACCORD.


Guyanor Ressources S.A. (Toronto: GRL.B; Nouveau Marche of the Paris Bourse: GUYN) and Golden Star Resources Ltd. (Amex: GSR; Toronto: GSC) on January 10 announced that an agreement has been concluded between Guyanor and Rio Tinto Mining and Exploration Ltd. (Rio Tinto) with respect to the Paul Isnard gold project in French Guiana:

The area covered by the agreement includes eight concessions held by SOTRAPMAG, a fully controlled Guyanor subsidiary, and the western part of an exploration permit held by Guyanor in western French Guiana, covering a total area of 216 square kilometers. Rio Tinto can earn a 40% participating interest in a joint venture by incurring expenditures of at least US$2.25 million on or before the third anniversary of the agreement.

Guyanor, a French exploration company in which Golden Star has a 73% interest, operates exclusively in the French Department of Guyane (French Guiana) and is focused on the identification, exploration and development of significant mineral deposits, principally gold and diamonds. Details: Carlos Bertoni, President, GUYANOR RESOURCES S.A., Tel. 594 29 54 40, E-mail: infoguyanor.fr, Cayenne, French Guiana; or Peter Bradford, President, GOLDEN STAR RESOURCES LTD., Tel. (303) 894-4613 or (800) 553-8436, E-mail: pbradfordgsr.com, Web site: www.gsr.com, Denver, Colorado.

COPYRIGHT 2001 Caribbean Update, Inc.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2001 Gale, Cengage Learning. All rights reserved.

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Publication:Caribbean Update
Geographic Code:3FREN
Date:Feb 1, 2001
Words:209
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