Canadian firm processing GGMC data for Reg. 1 gold project

(Kaieteur News) – As Canadian firm XAU Resources Inc. awaits acceptance from the TSX Venture Exchange (TSXV) for two transactions in relation to two gold projects in Guyana, the company is in the process of interpreting data acquired from the Guyana Geology and Mines Commission (GGMC) for its Noseno Gold Project in Region One (Barima-Waini).

In a corporate update this week, XAU disclosed that it moved to a new office in Georgetown, Guyana to support its exploration activities in the country.

At the Noseno Project, the company said it is processing and interpreting approximately 5,257 line-kilometres of airborne magnetic and radiometric survey data acquired from GGMC and it intends to use the results to identify and prioritise targets for a planned exploration programme.