Review Of The Sophie-saul District Project In French Guiana

Gold was first discovered in the central region of French Guiana in the mid 1860's. Production was based strictly from placer mining of the various rivers in the region. At the moment, a number of companies are actively engaged in hard rock gold exploration, concentrated in the northern and central regions of the country. The Franc-Or/BRGM joint venture in the Sophie-Repentir region of Central French Guiana offers an exceptional opportu­nity for the discovery of one or more million-plus ounce deposits of gold owing to a highly favorable structural setting in Precam­brian greenstones that host several known vein gold occurrences, some of which appear to occur near the border of a potassic granitoid intrusion. At this point in time, based mostly on predecessors' work, mineable reserves could be estimated to be in the 500,000 ounces range over the length of the property. The exploration campaign under way has the objective to delineate probable reserves of at least 2 million ounces that could be mined by open pit mining methods in the area. The program should be completed in the next 18-24 months. In order to efficiently and effectively evaluate this very large property area, all of the necessary camp, mechanical and drilling equipment has been purchased and is being transported to the property. Most of that equipment was purchased in Canada. The first drill target is the Repentir sector because of its access and the amount of detailed work that has been done by BRGM on that concession, but geological evidence suggests that many areas on the property could offer even more potential.