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EPA wants public input for Karouni Gold Project

Sep 16, 2014 News

The Environmental Protection Agency through an advertisement in the Guyana Chronicle has announced that the Pharsalus Gold Inc-Karouni Gold Project which is located in the Hicks Mine Site, Mazaruni may be granted with an Environmental Authorization (Construction Permit).
The company had made an application to the EPA seeking authorization. In the preparatory construction works, the company said that following the new camp commission, they intend to build a government outpost adjacent to the new Issano bypass road.
In the application, the company has included plant site trenching and laying of underground piping and electrical cabling. Further, they have made provision for pouring structural concrete foundations and piers. Also, in the advertisement it outlined that the company has submitted plans to upgrade the internal road.
The agency stated in the advertisement that it determined that an Environmental Impact Assessment (EIA) was not required for the project. The advertisement further stated that the application has been screened to assess the potential environmental impacts and it has been determined that the project will not significantly affect the environment once relevant measures are implemented.
It was noted that there are no fragile eco-systems and habitats or endangered species that will be affected by these projects.
Persons who think that they may be affected by the project may lodge an appeal with the Environmental Assessment Board within 30 days. Details on the procedure for lodging appeals can be obtained from the EPA website or office at Ganges Street, Sophia, Georgetown.
The Karouni Project formally known as the West Omai Project is located at 5º37’N and 59º05’W in the central-northern portion of Guyana.  The Project is being spearheaded by Troy Resources, an Australia-based company.
The Project lies approximately 180km south-southwest of Georgetown.  The Karouni Project covers an aggregate area of 113,581 hectares; comprising granted small, medium and large scale tenements west of the Essequibo River
The Karouni Project is dominated by gently undulating terrain at elevations ranging from 50m to 100m above sea level.  The area is drained by a dendritic network of moderately incised small streams and creeks.
The Project area is veneered entirely by tropical lowland forest with the canopy height ranging from approximately 20m to 50m.  Aside from logging tracks, the forest cover has essentially been preserved by very selective logging practices.
The Karouni Project tenements cover an aggregate area of 270,706 acres (113,581ha), granting the holders the right to explore for gold and diamonds. The tenements have been acquired by either direct grant to the Company (Pharsalus Gold) (25,990 acres/10,517ha) or by contractual agreements with tenement holders (254,668 acres/103,064ha). Apart from the Kaburi Agreement (29,143 acres/11,794ha), which provides for the Company to earn a 90% interest, all other vendor agreements provide the Company with the right to obtain an ultimate interest of 100%.
The Project comprises a single (large scale) mining licence, 94 (small scale) claim licences, 220 (medium scale) prospecting and mining permits, and 6 (large scale) Prospecting Licences. All licences, permits and claims are granted for either gold or gold and diamonds. The (large scale) prospecting licences include three licences won by the Company (Pharsalus Gold) at open auction on 22 November 2007, (GS14: P-18, P-19 and P-20) which are owned 100% by the Company.

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