Mining Stock News; Mahdia Gold Corporation (CNSX: MGD) - a Canadian mineral exploration and development company focused on gold in Guyana, South America
June 5, 2012 (Investorideas.com Mining stocks newswire) - eResearch Corp reports Mahdia Gold Corporation (CNSX: MGD) is a Canadian mineral exploration and development company focused on gold in Guyana, South America. Mahdia owns three gold-bearing concessions: the Omai, Tiger River, and White Creek properties.
INVESTMENT HIGHLIGHTS
The flagship Omai gold mine has produced 4 million ounces of gold from two open pit mines.
Mahdia has the financial resources necessary to conduct a Phase I program at Omai.
Guyana is a mining-friendly jurisdiction, and has a geological profile containing greenstone belts similar to those in Ghana, West Africa and Timmins, Ontario.
Guyana is relatively undeveloped with considerable potential. The Guyana Shield, a 2.2 billion-year-old Precambrian geological formation, underlies Guyana, Suriname, French Guiana, and parts of Venezuela, Brazil, and Colombia.
KEY FACTS
Located in northwestern South America
Population: 770,000
Capital: Georgetown
Official Language: English
Government: Democracy
Independence: Gained from Great Britain in 1966
Mining Environment: Guyana is a mining-friendly country
Mining Act: the Guyana Mining Act is similar to the Canadian Mining Act
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