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ARAKAKA GOLD PROJECT (100%)
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IntroduCtion
The Arakaka Joint Venture Project was formed in 2005 by StrataGold Corporation (which was purchased by Victoria Gold in 2009) and Newmont Overseas Exploration Limited, a subsidiary of Newmont Mining Corporation (NYSE & ASX: NEM; TSX: NMC).
The Joint Venture is now operated and wholly owned by a subsidiary of Takara,
StrataGold Guyana Inc., (100% interest) since June 2011.
The Arakaka Gold Project is comprised of a dominant land position in Northwest
Guyana within the Arakaka Gold District. The project has had in excess of $16M
incurred on it by the prior operators and certain targets are evidencing good
potential for further development.
  
The district has been popular with local placer miners for the past 100 years,
but until recently, the region has not been systematically explored using modern
techniques. StrataGold and Newmont were one of the first to implement an
exploration program which included regional and detailed stream sediment and
soil geochemistry surveys, induced polarization ground geophysical surveys,
detailed structural mapping, prospecting and trenching. |
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