Jan 27 2011
AMFIL. (Pink Sheets: AMFE.PK) has reported that the Company has entered into Joint Venture Agreement to acquire certain Mining Permits for mining claims in Guyana.
Eight of these mining permits are located on the Guyana Aurora Mineral Property Site within aproximately3 to 4 kilometers from the Aurora properties of Guyana Gold Fields Inc. The other mining permit is located on the Guyana Kokerite Mineral Property Site. Local miners have successfully mined the gold on this property on a small scale.
“This is an exciting opportunity for our company as we look to this acquisition of Mining permits for mining claims in Guyana as a boost in value to our shareholders.”
Guyana Country Manager, Trevor Taylor, states, "We are very pleased to have acquired these properties in a very good gold producing area of Guyana." The Company is very excited about the exploration potential for our acquired mining properties.
Ambrose Fillis, President and CEO of AMFIL states, "This is an exciting opportunity for our company as we look to this acquisition of Mining permits for mining claims in Guyana as a boost in value to our shareholders."
Source: AMFIL.