US firm in move to take over Guyana gold project in US$4.2M deal

(Kaieteur News) – “Guyana is one of the most compelling mining jurisdictions in the hemisphere, and Marudi is a standout asset within it.” Those are the words of Gregory R. Walsh, the Co-Founder and General Partner of Walsh Karra Holdings, a United States investment firm moving to take control of Canadian-listed Golden Shield Resources Inc. through a transaction dependent on, among other conditions, the renewal and issuance of the company’s prospecting licence for its Marudi Mountain gold project in Guyana.

Golden Shield Resources holds a 100% interest in the Marudi project through its wholly-owned Guyanese subsidiary, Aurous Guyana Inc., under Prospecting Licence PL 1/2021.

The project covers a contiguous land package of 54.57 square kilometre (km²) or 13, 484 acres, and is located in the Rupununi District of southwestern Guyana, some 60 kilometres from the Brazilian border.