The Toroparu mine is estimated to be one of the largest

gold Gold is a chemical element with the symbol Au (from la, aurum) and atomic number 79. This makes it one of the higher atomic number elements that occur naturally. It is a bright, slightly orange-yellow, dense, soft, malleable, and ductile me ...

mining projects in Guyana. The mine is located in the north-west of the country in

Cuyuni-Mazaruni Cuyuni-Mazaruni (Region 7) is a region of Guyana. Venezuela claims the territory as part of Guayana Esequiba. It borders the regions of Barima-Waini, Essequibo Islands-West Demerara and Pomeroon-Supenaam to the north, the region of Upper De ...

. The mine has estimated reserves of 6 million oz of

. Gold X Mining, (formerly Sandspring Resources) has plans develop three open-pit mines with a mine life of 22 years (per 2019 estimate) with possible mining of copper and silver. The company has invested more than US$150 million to discover and delineate its gold mineral resources, as well as to complete engineering and environmental studies, including a 225 km road from Georgetown to make the mine accessible completed in 2003. The company has a Memorandum of Understanding with the government of Guyana for plans to develop a hydropower plant at the Kumarau Falls on the

Kurupung River The Kurupung River is a tributary of the middle Mazaruni River in Guyana. Kumerau Falls is a feature of the river. Mineral resources The area around the river has been used for diamond mining. It was the location for Guyana's first diamond rus ...

. The company anticipates the government of Guyana will issue their mining license in 2021 after a final feasibility study.

References

Gold mines in Guyana {{Guyana-geo-stub

See also

References