Guinness Exploration Reports Trenching and Drilling at Nantawa Project Fully Underway
WELLINGTON, New Zealand, July 27 /PRNewswire-FirstCall/ -- Guinness Exploration Inc. ("Company") (OTC Bulletin Board: GNXP) reported that trenching and drilling operations at the Nantawa Project are up and running.
"The start of drilling and trenching this week mark a major milestone we've been working hard to achieve for the last few months," said President Alastair Brown, "We now have a full drill crew complement working two shifts per day and three geologists are on-site to manage the trenching and drilling program. So far we've constructed all the drill pads for the Flex zone, and have completed a substantial amount of reclamation of prior disturbance."
Mr. Brown added, "We're also pleased to report we received a positive report from the Yukon Mining Inspector, based on his two visits to the site. Additionally, we're engaged in a program of site environmental remediation and have done substantial reclamation in the Flex zone, one of our principal mineral targets, during the preparation of our drill pads."
Mr. Brown also noted, "As we reported earlier, the lead time prior to receipt of our permits was not wasted. We worked hard during this time to identify several potentially attractive gold and silver drilling and trenching targets and have mapped out our objectives. This has now allowed us to move quickly to pursue the goals of our summer exploration program."
About Guinness Exploration
Guinness Exploration Inc. trades on the OTC-BB under the symbol GNXP. The Company was incorporated in Nevada in 2005 and incorporated its subsidiary Nantawa Resources Inc. in Yukon, Canada in 2009. In November, 2009, Guinness entered an agreement to acquire mineral claims for the Mount Nansen and the Tawa gold and silver exploration properties (collectively the 'Nantawa Project') in the Yukon and has commenced exploration. The Nantawa Project is situated in the prolific Tintina Gold Belt, a 1,200 km long area extending from northern British Columbia, through the Yukon Territory and into southwest Alaska. The Tintina Gold Belt includes such world-class, multi-million ounce gold deposits as Pogo, Fort Knox, True North, and Donlin Creek. The Nantawa Project claims consist of 203 full or fractional claims with a total area of 3,136.43 square hectares located in the South Central part of the Yukon, 180 km Northwest of Whitehorse and 60 km west of the Village of Carmacks. A complete independent geological report received by Guinness, dated November 27, 2009, can be viewed on Guinness' website: www.guinnessexploration.com.
CAUTIONARY STATEMENT ON FORWARD-LOOKING INFORMATION
Safe Harbour Statement under the Private Securities Litigation Reform Act of 1995
Certain information contained in this press release, including any information as to our strategy, plans or future financial or operating performance and other statements that express management's expectations or estimates of future performance, constitute "forward-looking statements." All statements, other than statements of historical fact, are forward-looking statements. The words "believe," "expect," "will," "anticipate," "contemplate," "target," "plan," "continue," "budget," "may," "intend," "estimate," "project" and similar expressions identify forward-looking statements. Forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements, including, but not limited to, certain delays beyond the company's control with respect to mining operations, changes in the worldwide price of gold, silver, or certain other commodities; legislative, political or economic developments in the jurisdictions in which the Company carries on business; operating or technical difficulties in connection with mining or development activities; employee relations; contests over title to properties; and the risks involved in the exploration, development and mining business. The Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by applicable law.
SOURCE Guinness Exploration Inc.
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