G4G Resources Provides Update on Iron Sands Project, Guatemala
30 Giugno 2011 - 10:00PM
Marketwired
G4G Resources Ltd. (TSX VENTURE: GXG) ("G4G", "the Company") is
pleased to provide an update on the Guatemala Iron Sands project
originally announced on May 10, 2010.
On November 1, 2010, G4G announced that it would conduct a
targeted sampling program over an off-shore area of approximately
three hundred square kilometres, following the extension of the
Off-Shore Reconnaissance License ("OSRL") announced on October 7,
2010. The OSRL covers 2500 square kilometers along Guatemala's
entire Pacific coastline. Please see the news release dated
November 1, 2010 for details.
The OSRL had been extended for a further six months to April
2011 to enable G4G and ISA to continue the application for
exploration licenses and to conduct a preliminary environmental
impact assessment study.
Due to the continuance of the environmental impact assessment
study, management has determined it prudent not to proceed with the
off-shore sampling program until such time as the exploration
application has been approved by the Ministry of Energy and Mines,
Guatemala.
About G4G Resources
G4G Resources Ltd. is a Canadian-based mineral exploration and
development company focused on a number of low cost iron ore
projects and copper-gold projects on Vancouver Island.
Forward-Looking Statement
This document may contain or refer to forward-looking
information based on current expectations, including, but not
limited to timing of mineral resource estimates, future exploration
or project development programs and the impact on the Company of
these events. Forward-looking information is subject to significant
risks and uncertainties, as actual results may differ materially
from forecasted results. Forward-looking information is provided as
of the date hereof and we assume no responsibility to update or
revise them to reflect new events or circumstances. For a detailed
list of risks and uncertainties, as it relates to G4G Resources
Ltd., please refer to the Company's 2010 year end audited financial
statements filed with SEDAR on April 28, 2011.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Contacts: G4G Resources Ltd. Basil Botha President and CEO
604-602-9868 604-602-9867 (FAX) ir@g4gresources.com
www.g4gresources.com
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