CINRO Resources looking to unlock Guyana gold potential

An exciting new era of exploration and development is currently taking place in Guyana, says Toronto-based gold explorer CINRO Resources Inc.

The privately-held company is working to secure financing to report on the mineral potential of a group of permits in the South American country.

“It is in my considered opinion, based on 30 years of professional experience in mineral exploration in the Canadian and Guyana Shields, that from early and preliminary observations, the CINRO Potaro Properties have great potential for hosting multi-million ounce bedrock gold deposits as well as large alluvial gold deposits, ” states Evan Persaud, CINRO’s Consulting Geologist.

CINRO considers this report by Mr. Persaud, a lecturer at the Faculty of Technology, University of Guyana, and Member of the Cabinet Sub-Committee on Natural Resources, to be a ‘substantial’ disclosure and a clear indication that CINRO’s Potaro holdings can match the substantial amount of gold currently being produced from workings to the north-east and north-west.

The Potaro Properties lie immediately south-west of the Mowasi Mountain, which rises to an elevation of approximately 2200 feet in central Guyana, 235 km south-southwest of the capital city of Georgetown, and 25 km southwest of the village of Mahdia.

In November of 2010, Stronghold Metals Inc., which operates in this area, filed an NI 43-101 report showing Inferred Mineral Resources of 18Mt @ 1.27 g/t gold, containing 733,500 ounces of gold (using a 0.5 g/t Au cut-off grade). More than 250,000 ounces of the contained gold in this inferred mineral resource is hosted in oxide material (saprolite).

CINRO Resources has taken geochemical samples from the properties and is currently putting together an NI 43-101 report, due out at the end of May. The completion of the 43-101 is a critical step in the development of the Potaro Properties and based on the results, could have a significant impact on shareholder value.

CINRO expects continued increases in the demand for gold and base metals given the present and future economic outlook.

DISCLOSURE: This editorial was submitted by CINRO Resources Inc. in conjunction with paid advertising.  For more information: www.cinroresources.com

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