cuyuni tailings presentation
TRANSCRIPT
Representatives from Cuyuni River Resources
(CRR) have been in contact with top
government officials from Guyana who have
confirmed their support of the project
A public endorsement with the President and
the Minister of Natural Resources has been
arranged
Media sessions will be held with local and
international press with the President,
Minister and senior executives of CRR after
the signing to publicize the project
The Cuyuni region of Guyana has been chosen as the first mining site due to the fact that gold mining has been ongoing in this area since the early 1800’s and has been knows as one of the gold centers in the country.
The properties are owned and previously mined by one of Guyana’s top surface miners where he has been said to have mined over 150 000 ounces in the region.
This area of Cuyuni is referred to as the Quartzstone region, where hard rock drilling has been performed on what could be the original source totaling over one million ounces so far identified.
Over 25 km sq of tailings within this region have been outlined. It has been a known fact that approximately 1/3 of the material is ever recovered by local Guyanese surface mining operations, leaving 2/3 of gold rich minerals in the tailings.
Capital Breakdown
10000 Sampling Trip (10 Day) 10 People including geologist
20000 Escavator rental two months
20000 Washplant Rental for two months
160000 Knelson Concentrator with finishing equipment (200 tons/hour)
20000 Pick up truck
20000 Camper
5000 Camp
5000 Pump
7000 Power plant
10000 ATV
5000 Mobilizing equipment to camp
3000 Internet set up
10000 Land Clearing
50000 Initial Fuel cost for two months
15000 Salaries
360000 Total
Phase 1- Land sampling and testing
Budget: $10 000
To include a 10 day trip to Guyana documenting test holes on proposed properties of interest.
Sourcing the machinery and finalizing down payments
Phase 2 - Equipment purchasing
Budget: $260 000
Escavator, concentrator, finishing equipment, pick up truck, atv, camp materials, pump, wash plant, power plant, ca
mper, media equipment.
Phase 3 - Mobilizing to camp
Budget: $10 000
Hiring of crew (excavator operator, mechanic, camp builders, cook, labourers), website and remote internet connecti
on.
Phase 4 - Camp build and opening of pit
Budget: $15 000
Build initial shelter, set up sluice box, connect concentrator, commence excavation and stockpile pay dirt.
Phase 5 - Commence production
Budget: $75 000
Purchasing of fuel, camp supplies, salaries, outlining new areas of interest. bi-weekly sluice box clean outs to under
stand recovery rates.
Washplant below can process upto 200 Tons/Hour. Knelson Concentrator is reknown for
its fine gold recovery. We are looking to obtain a used machine from Nevada.
This can be done by a local contractor, who
can source materials from the indigenous
people, or someone who has a wood grant in
the area
A contractor is currently preparing an
estimate
MMC Security Company has a package of
armed guards that consist of :
6 armed security personnel for $G 240,000
($1,200 US)
CRR will have to provide accommodation and
meals for security personnel
They are the best service available in the
mining industry
Generator Fuel Depot Security
Water System Laundry AreaOverseas Employees
Accommodations
Kitchen Pantry
Dining Rec Area
Work ShopEngineer’s
Office
Local Employees
Accommodations
Conference
RoomOffice Storage
Two potential companies have been identified to provide internet and satellite phone to exploration site:
#1
Internet with VOIP phones
Installation of dish
Will need to build concrete base for dish
You can use the internet connection to make calls using normal phones The installation fee is $3000 US
The monthly rental is $300 US
Installation time is approx 2 weeks
Will have to provide transportation, accommodations and meals for the crew
The Assay lab used by SCM is Loreen Lab a
Canadian owned and operated lab situated
on the East Bank of Demerara
This lab is compliant with the 43-101 N.I.
report for the Ontario Securities Commission
An agreement letter that has to be sent to
the GGMC accompanied by a list of items
that is requested for duty free concession
GGMC will issue a letter to GRA to facilitate
the concessions for duty free import.
Year 1 Cash Flow Month 1 Month 2 Month 3 Month 4 Month 5 Month 6 Month 7 Month 8 Month 9 Month 10 Month 11 Month 12 Year 1
Revenue $228,000 $228,000 $228,000 $228,000 $228,000 $228,000 $228,000 $228,000 $228,000 $228,000 $228,000 $228,000 $2,736,000
Variable Costs $30,000 $30,000 $30,000 $30,000 $30,000 $30,000 $30,000 $30,000 $30,000 $30,000 $30,000 $30,000 $360,000
Fixed Costs $25,000 $25,000 $25,000 $25,000 $25,000 $25,000 $25,000 $25,000 $25,000 $25,000 $25,000 $25,000 $300,000
Startup Costs $360,000 0 0 0 0 0 0 0 0 0 0 0 $360,000
Total Net Profits ($187,000) $173,000 $173,000 $173,000 $173,000 $173,000 $173,000 $173,000 $173,000 $173,000 $173,000 $173,000 $1,716,000
Investor Profits ($37,400) $34,600 $34,600 $34,600 $34,600 $34,600 $34,600 $34,600 $34,600 $34,600 $34,600 $34,600 $343,200
Year 2 Cash Flow Month 1 Month 2 Month 3 Month 4 Month 5 Month 6 Month 7 Month 8 Month 9 Month 10 Month 11 Month 12 Year 2
Revenue $247,000 $247,000 $247,000 $247,000 $247,000 $247,000 $247,000 $247,000 $247,000 $247,000 $247,000 $247,000 $2,964,000
Variable Costs $30,000 $30,000 $30,000 $30,000 $30,000 $30,000 $30,000 $30,000 $30,000 $30,000 $30,000 $30,000 $360,000
Fixed Costs $26,000 $26,000 $26,000 $26,000 $26,000 $26,000 $26,000 $26,000 $26,000 $26,000 $26,000 $26,000 $312,000
Startup Costs $0 0 0 0 0 0 0 0 0 0 0 0 $0
Total Net Profits $191,000 $191,000 $191,000 $191,000 $191,000 $191,000 $191,000 $191,000 $191,000 $191,000 $191,000 $191,000 $2,292,000
Investor Profits $38,200 $38,200 $38,200 $38,200 $38,200 $38,200 $38,200 $38,200 $38,200 $38,200 $38,200 $38,200 $458,400
Year 3 Cash Flow Month 1 Month 2 Month 3 Month 4 Month 5 Month 6 Month 7 Month 8 Month 9 Month 10 Month 11 Month 12 Year 3
Revenue $266,000 $266,000 $266,000 $266,000 $266,000 $266,000 $266,000 $266,000 $266,000 $266,000 $266,000 $266,000 $3,192,000
Variable Costs $30,000 $30,000 $30,000 $30,000 $30,000 $30,000 $30,000 $30,000 $30,000 $30,000 $30,000 $30,000 $360,000
Fixed Costs $27,000 $27,000 $27,000 $27,000 $27,000 $27,000 $27,000 $27,000 $27,000 $27,000 $27,000 $27,000 $324,000
Startup Costs $0 0 0 0 0 0 0 0 0 0 0 0 $0
Total Net Profits $209,000 $209,000 $209,000 $209,000 $209,000 $209,000 $209,000 $209,000 $209,000 $209,000 $209,000 $209,000 $2,508,000
Investor Profits $41,800 $41,800 $41,800 $41,800 $41,800 $41,800 $41,800 $41,800 $41,800 $41,800 $41,800 $41,800 $501,600
Coordinate exploration efforts with local geologists and senior directorship
To ensure that objectives and goals are met on a weekly, monthly and quarterly basis.
To communicate all exploration results from the project quickly and effectively.
Coordinate all equipment to necessary to explore to project sites.
Assist in the planning of scheduling personnel as necessary.
Coordinate the building of camp sites and ensure that survival essentials are met
Ensure that camp personnel are compliant with Health and Safety plan.
Attend site on an as-required basis, and contribute to developing the relationship between the project and operations as well as provide coverage/ input to site management, reviews and investigations.
Maintains a personal standard of Client Service excellence promoting integrity, consistency, company core values, diversity, and fairness for; all employees, subcontractors, vendors, and project participants.
Manages and controls project cost, schedule, and minimizes all non-reimbursable costs.
Review and analyze monthly financial reports to identify potential cost control issues.
Assist in the control over the maintenance of costs by mining, processing, and G & A departments
Interact with relevant department managers in the review of their cost reports and facilitate their understanding of costs charged to their departments.
Assist the department and project managers with understanding their actual expenditures versus budgeted and forecasts.
Establish and monitor project controls for assigned projects. Develop forecast spending.
Provide project management support for contracts, sub-contracts and change management.
Monitor performance and swiftly address issues regarding cost control functions and established project budget.
Ensure that the department and project managers receive relevant and timely financial information.
Develops and implements management, planning, and cost control systems consistent with the requirements of the contract and the company's policies.
Establishes and maintains communications to ensure the accurate and timely flow of information.
Remains alert to means and methods by which the operations of the project team may be improved as well as recommending revisions to the operating plan and detailed functioning of the task force, when appropriate.
Prepares weekly reports for the project to keep Sr. Management informed of construction progress and the status of costs and schedule as related to the budgets and previous forecasts.
Lead the recruitment of the local mine management team.
Coordinate travel arrangements for management personnel.
Managing the Georgetown office on a daily basis
Conduct interviews for new staff
Local and overseas procurement (for mines and office)
Protocol (Work Permit, media coverage, etc)
Arrange flight, accommodation and other requests for foreign staff
Transportation to and from mines (Air, Land and River)
Liaison with GGMC, GRA, Ministry of Natural Recourses and other relevant agencies in Guyana to represent the interest of the company
Maintain constant communication with Mines
Ensure that all request from mines are satisfied
Any other duties that may arise from time to time
Develop accounting and financial systems
Maintain accounting and financial systems
Prepare weekly/ fortnightly / monthly payroll
Prepare and ensure remittance of NIS and PAYE submission
Bank reconciliation and cash flow
Facilitate external auditors
Monthly budget and financial statements
Payments for Local purchases and local creditors
Establish and sustain healthy line of credit with local suppliers
Any other financial duties that may arise from time to time
Knowledge of:
Mining
Plumbing
Electrical work
Mechanic
Welding
Prepare and maintain employee roster
Manage mines staff (Kitchen staff, Security, Medex, storekeeper, laborers)
Prepare in a timely manner all mining requisitions (fuel, food, Parts, stationery, etc) and forward to head office
Monitor all equipment, stocks and all properties of the company
Maintain Prepare time sheet for mine worker and submit to Head office
Maintain mines office
Develop occupational health and safety system for mines
Work closely with overseas experts
Prepare mines report
Maintain communication system
Prepare an emergency evacuation plan in the event of injuries to workers
Any other mining related duties as may arise from time to time