Guyana: Australian company to build large scale gold mine

Australian outfit moves closer to building large scale gold mine

SEPTEMBER 14, 2013 | BY KNEWS |

Pharsalus-mining map

Pharsalus-mining map

An Australian outfit, Pharsalus Gold Inc, which has concessions in Region Seven, is now moving to build a large scale gold mining operation.

According to the Government regulator, Environmental Protection Agency (EPA), in a notice to the public yesterday published in Kaieteur News, Pharsalus Gold Inc. has submitted an application to EPA for an environmental authorization to undertake the mining project within the Hicks/Kaburi Concession situated at Black Water Creek, Kaburi Area, Region 7.

“This project would entail the development of an open pit mine that involves, clearing of vegetation, removal of topsoil and blasting of hard rock, construction of: processing facility, laboratory, cyanidation facility, power generating facilities and ground water wells. It would also include upgrading of an existing access road,” the notice said.  

According to EPA, according to regulations, an Environmental Impact Assessment (EIA) is required before any decision to approve or reject the proposed project is taken, since the development may have significant impacts on the environment.

EPA said that members of the public have 28 days to make written submissions to the agency, raising questions which they want answered in the EIA.

Pharsalus Gold Inc. is a wholly-owned subsidiary of Australia-based Azimuth Resources Limited.
The company, in areas known as Smarts and Hicks, part of an 1100 kilometer square concession, was acquired by vendor agreements and direct grants to Pharsalus Gold Inc., a wholly owned subsidiary of Azimuth Resources Limited, according to information published on EPA.

It is intended that Pharsalus will operate an open cut mine, processing plant, tailings storage facility, mine site accommodation and additional infrastructure required to recover and to process ore for the recovery of gold.

Development and operation of the mine site will be done in several phases with power for mine site operations provided by nine one-megawatt diesel generator sets.
Pharsalus said that the mine site will be serviced by road and air with a new access road to connect the mine site to the Amaila Falls Hydropower service road.

A permanent airstrip will be constructed also. It will be constructed along with security and a terminal building. The ore exploitation rate will result in a mine life of 15 years or more depending on the final processing rate.

The process plant will have a nominal capacity of an estimated 600,000 tonnes to 750,000 tonnes of ore per annum, designed to produce up to 110,000 ounces of gold per annum based on an average overall recovery of 92 per cent.

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Comments

  • Karen K.  On 09/15/2013 at 1:35 am

    An important question: What percentage of the profits will Guyana realize?.

  • Thinker  On 09/15/2013 at 6:27 am

    One sometimes wonders if Guyanese reporters have access to the internet. Azimuth has now been bought by Troy http://www.troyres.com.au/

  • sirenagx  On 09/15/2013 at 2:30 pm

    It is not who owns the company, but what Guyana gets from these ventures. In addition, the use of certain chemicals and damage to the environment must be considered and every attempt made to reduce long te4m damage.. Also any form of shipping out of Guyana must be secured from fraud or other illegal activites. Private air strips need strong oversight or Guyana will be the loser.

  • Thinker  On 09/15/2013 at 3:32 pm

    Agreed. But it is good to investigate track records.

  • Karen K.  On 09/15/2013 at 11:50 pm

    Sir.. I feel your pain in relation to the excessive damage to the land. I would suggest: Guyana needs a law which stipulates that companies must, after completing their surveys/digs in an area are obligated to refill the holes & level the land, even plant a few trees–failure to do so will result in a stiff fine–eventually the land would recover. Unfortunately, when i watch Gold Rush on TV (sometimes includes Guyana) when the teams arrive at a location that has already been staked/claimed/excavated, the camera shows you a site that depicts damage to the environment that is heart breaking.

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