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LIST OF CONTENTS Page .

Executive Summary 3

Location and Access 4

Geophysics 4

Mineral Occurrences (Historical data) 5

PL Mineralisation 5

Regional Geology 6-7

C-66 Area Geology 7-8

Structure and relative age 8

Comments & Conclusions 9

References 19

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List of Figures

Page

Figure 1. Location Map 10

Figure 2. Gold Geochemistry Summary map 11

Figure 3. Mineral Occurrence Summary Map. 12

Figure 4. Geological Summary Map 13

Figure 5. Geological Summary Map 14

Figure 6. Geological Summary Map. 15

Figure 7. Structural Summary Map 16

Figure 8. Aeromagnetic Map 17

Figure 9. Topographic Map 18

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Executive Summary

The Prospecting Licence (C-66) located in the Cuyuni Mining District No. 4 as shown on

Terra Surveys Topographic Map 18SW, as shown in fig 9 and enclosing an area of

approximately 5541 acres of the headwaters Ekabago River. The potential of the area

for gold is very good.

The PL is presently under mining license by C B & R Mining Enterprises. Active gold

extraction is presently undertaken by land dredging, using excavators on mining concesions

bordering this PL area.

The PL area is located in the upper drainage portion of the Ekabago River that drains in

the Puruni River,and close to the mouth of the Waikuri River that drains into the Cuyuni

River, approximately 150 km due west of the city of Georgetown .

Based on information from surface mapping in the areas of the soil geochemical anomalies

suggest the majority of the alluvial gold and gold anomaly areas are located to the

north/west of this PL, see fig 3. The PL area is likely to be related to zones of weakly

mineralized, structurally deformed, lithological contact between mafic and felsic volcanic or

intrusive rocks which interlayer with more extensive packages of sedimentary formations,

however because of limited data available for this PL,it is just an assumption. A portion

(perhaps the majority) of the gold mineralization may have been derived from quartz lode

type occurrences in lithologically controlled shear structures in the area.

The geology of the area consists of Lower Proterozoic Mazaruni Supergroup (greenstone

belts) consisting of meta-sediments and meta-volcanic rocks, intruded by Younger Granites.

Unconformably overlying these rocks is the Roraima Formation, a generally flat lying series

of conglomerates, sandstones, shales and with minor interbedded volcanics. All of these

rocks (greenstones, granites, and post-orogenic sedimentary series), are intruded by

doleritic and gabbroic dikes and sills (the Younger Basic Intrusive Suite), see fig 4-6.

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Location and Access

The PL area can be accessed by 4WD vehicle or Bedford truck via a logging and mining

road from Bartica, crossing the Mazaruni at Itaballi,from Itaballi the journey by truck/pick up

is approximately 5-6 hours to the PL.0.. . Bartica is accessed from Georgetown via speed

boat from Parika, or by road via the Georgetown-Linden Highway crossing the Essequibo

River at the Shirima crossing, see fig 1.

Geophysics

The first systematic geophysical survey in Guyana was an aeromagnetic survey flown by

Aero Services Corporation, funded by the United Nations in 1963. The survey used a set of

N-S flight lines at a spacing of approximately 1.6 to 2.4 km, and a height of 300m. In 1971-

72 additional areas in Guyana were flown by Terra Surveys, funded by the Canadian

Commonwealth Bureau, and older data was incorporated in a set of 1:200,000 scale maps.

These sheets were then re-issued with an interpretation by Tyl & Reford of Terra Surveys

Ltd in 1973. In 1994 aeromagnetic data covering Guyana was converted to digital form by

Gtech Ltd, a commercial group attached to the University of Leeds in the UK as part of the

“South American Magnetic Mapping Project” (SAMMP). A relief-shaded map compiled

recently (Heesterman 2004) from this data. It should be noted that this data has not been

reduced to the pole.

The aeromagnetic data shows distinct areas with magnetic highs, or abrupt magnetic

gradients,see fig 7. The Quartzstone mountains, which trend north-south, directly to the west

of the study locations (excluding Wiamu) show elevated geophysics results to the immediate

background geophysics. `

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Mineral Occurrences

Historical Data

Historically the plains underlain by granitic saprolite in the area has been a good source of

gold. However recent sampling from this area has not determined a significant source of

gold in the granitic saprolite, which is now exposed. It is therefore suggested that historical

extraction of gold has derived from alluvial material deposited on the bed rock which has

subsequently been removed and processed for gold. The alluvial material is most likely to be

derived from lode structures and schistose rocks observed and from the hill ranges. It is

therefore seen as an important exercise to study the hill range of the area for primary

mineralization.

The Quartzstone – Aremu Batholith which may be present within the PL area is associated

with extensive surface gold workings along the contact zone with the country rock. Gold

occurs in the contact zone, marginal granite and gold bearing quartz veins, which are

usually associated with shear zones in this area (Annual Report, 1964)

PL Mineralisation

From data on the mining activities bordering the PL, gold is found to be present in quartz

veins and quartz rich lodes and well foliated saprolitic schist which in general all strike north-

south throughout the area. The gold bearing quartz veins are usually associated with a black

mineral (tourmaline?). Active extraction of gold from saprolite and quartz material in areas

bordering the PL area is presently undertaken by small and medium scale miner. In some

areas saprolite and quartz is being crushed and washed. One notably anomalous area is

located within the PL area with an Au assay value 25-38 ppb,see fig 2,however it should be

noted that only approximately thirty five percent (35%) of the PL area have subjected to

geochemical sampling .

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Regional Geology Two major lithological sequences, the Bartica Assemblage and the Barama – Mazaruni

Supergroup Greenstone sequences, underlie the northwestern area of Guyana.

Basement – the Kanuku complex is considered to be part of the Archean basement. It

consists of paragneisses and migmatites, granulites (Kanuku Mts.) and granite

gneisses.

Greenstones - The Barama and Mazaruni groups have been classically considered as

part of the Guiana Shield’s widespread Birrimian Age Greenstone Belts (2.2 G.a). The

Barama group outcrops in the northwestern region of Guyana, close to the border with

Venezuela. It consists of a predominantly sedimentary sequence with locally developed

Mn rich chert layers (Mathews Ridge deposit) interbeded with volcano sedimentary

packages. It is bounded to the west by the predominantly volcanic Mazaruni group (El

Callao in Venezuela stratigraphy). The contacts between The Mazaruni group, the

Barama Group and the gneissic basement sequences have not been well defined.

Generalized descriptions by Gibbs and Barron, made at Waikuri, suggest a typical

Archean greenstone sequence, with ultramafics rocks in the lower part, andesitic and

felsic volcanics in the central part and sediments in the upper part. All the above

sequences were deformed during the Trans Amazonian Event (2.1-1.9 Ga.).

Older Basic Rocks – this is a distinct group, also of Birrimian age, and is described as

intruding the Barama –Mazaruni greenstones. These are deformed and

metamorphosed to the same degree as the host sequences (Heesterman 2001).

The Bartica assemblage is a gneissic terrain, occurring in the Cuyuni River Region,

composed of various ortho / paragneisses with amphibolites, metamorphosed to the

amphibolite facies. Locally it reached the granulite facies. These rocks are believed

(Gibbs and Barron) to be reworked Barama-Mazaruni units during the Trans Amazonian

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event (1.95 to 2.2 Ga). Other authors believe the Bartica assemblage is another

basement portion of Archean age

Of similar age, but clearly late, are the so-called Younger Granites. These are generally

small individual intrusions forming large complexes of granitic terrain. Their composition

varies from granitic to dacitic. Gibbs and Barrow describe the Aurora Complex, as

composed of three rock types: tonalites, granodiorites and leucogranites. They are

unfoliated and display saussuritization (sericite + epidote), and sometimes are sheared

by later events.

The above rocks are intruded by sills and dikes and overlain by flat lying, undeformed

volcanics, probably, of the middle Proterozoic age. These could be related to the 1.8 Ga

Uatuma event, and correlate to the Kuyuwini volcanics, mapped originally in the

southern portion of Guyana.

C-66 Area Geology

Generally, the geology of this area is very similar to that seen in other parts of the

greenstone belts of Guyana, with the oldest rocks consisting of the Mazaruni Supergroup,as

shown in fig 4-6.

The local geology is presented in terms of the Landsat interpretation, geophysical features

and limited information from geological mapping in thick laterite terrain and scarce outcrop

exposure along grids lines and riverbeds. Given the scarcity of outcrops, information is more

often derived from mapping float and saprolite. Differential recessive weathering of soft

rocks and positive relief from more resistant (fresher) rock types can create the false

impression of an abundance of the latter units in the field. All sulphides at surface are readily

weathered, except where they are dispersed in competent metacherts or siliceous volcanic

rocks. This differential weathering feature in the presence of sulphides and/or alteration

zones and/or permeable structures, can however locally enhance exposure via the

development of deep erosional cuts at surface.

In several areas in Northern Brazil this is noticed and an interesting example is the

Amapari skarn deposit, located in Amapá state. In Guyana the mineralized zone is

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deeply weathered to as much as 140m while the adjacent rock units are generally only

weakly weathered and oxidized to depths of 20 to 60 meters.

Greenstone Belts: These areas was identified using Landsat interpretation, the

greenstone sequence is the predominant rock type, and is characterized by a weak, but

persistent, bedding or foliation generally trending NNW-SSE. Because of the weak

contrast in the Landsat imagery of the bedding/foliation, it was not possible to determine

the internal structure of the units or to separate it into predominantly volcanic or

sedimentary units. Only a few resistive ridges were clearly identified and interpreted to

consist of either massive volcanics, sandstones, chert or BIF.

Structure and relative age

A study of lineaments from stereoscopic examination of air photos was modified using

aeromagnetic and field data to identify major structures. Where all different data types

coincide, the probability that the structure is significant is higher. A similar process was used

to define major lithological boundaries.

Historically very few faults have been mapped in the field, mainly as softer faulted material

rarely survives as outcrop. Airphoto interpretation suggests that many linear features can be

traced between photographs over long distances. At least some of these must be faults with

significant movement, and others are first and second order fracture systems related to

primary movement. Some of the larger lineaments thought to be faults and fractures are

shown on Figures 8.

A number of main lineament directions can be recognised. Age relationships of some of

these can be interpreted from the way that they control the geology and mineralisation, but

in many cases these structures may be long lived, and have been re-activated several

times.

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Comments & Conclusions

Based on the limited for data for this concession, further exploration activity is warranted, in

order to develop into a mine, because areas bordering this PL have been some of the most

productive placer mining areas in the Cuyuni River District. The workings in the area are

located along the granite-greenstone contact of the Aremu batholith.

Therefore it is recommended that a program which consists of detail soil sampling and

geological mapping should be undertaken within the PL area to accurately define the

grade and type of mineralization. However from the sampling and study undertaken in

other areas bordering the PL it can be suggested that gold mineralization is hosted in

quartz veins and quartz rich lodes in this area. Therefore further work to better

understand the geology in this concession should be undertaken as there may be a

significant source of primary gold within the concession.

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Fig1, Location map

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Figure 2, Gold Geochemistry Summary map

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Figure 3, Mineral Occurrence Summary map

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Figure 4, Geological Summary Map

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Figure 5, Geological Summary Map

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Figure 6, Geological Summary Map

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Figure 7, Aeromagnetic map

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Figure 8, structural summary map

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Figure 9, Topographic Map

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REFERENCES :

Bishop DW. 1936. Quartzstone-Wiamu area. Cuyuni River. Preliminary report

Annual Report of Geological Services Department, British Guiana. 1964. Special geological problems. Granite studies: Quartzstone – Aremu, Rupa, Kopang. 33-35

Learmont J W. 1954. Area vbetween Aremu and Quartzstone Rivers, Cuyuni Rivers. Annual Report on the Geological Survey Department for the Year 1954 (British Guiana Geological Survey). 42-43, 88-89

Lloyd JW. 1958, Area North-west of Quartzstone Landing, Cuyuni River. Annual Report on the Geological Survey Department for the Year 1958 (British Guiana Geological Survey). 42-43

Gibbs, A.K. and Barron, C.N. – 1993 – The Geology of the Guiana Shield. Oxford Univ. Press. Gibbs, A.K. – 1984 – Review of the geology and mineral deposits of the Guiana shield. Report for Utah International Inc.

Goodwin, Alan M. – 2000 – Precambrian Geology of South American Platform. Academic Press