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Proposed Operations in Guyana
 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.
This is Specific to Map Sheet # 18SE
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 Area
Overseas Employees
Accommodations
Kitchen Pantry
Dining Rec Area
Work Shop
Engineer’s
Office
Local Employees
Accommodations
Conference
Room
Office 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
Moving a truck on pontoon to a mining area:
 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
Job Descriptions for key management
positions in Guyana
 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

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Cuyuni Tailings Presentation

  • 2.  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
  • 3. 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.
  • 4.
  • 5.
  • 6. This is Specific to Map Sheet # 18SE
  • 7.
  • 8. 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
  • 9. 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.
  • 10. 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.
  • 11.
  • 12.
  • 13.  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
  • 14.
  • 15.  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
  • 16. Generator Fuel Depot Security Water System Laundry Area Overseas Employees Accommodations Kitchen Pantry Dining Rec Area Work Shop Engineer’s Office Local Employees Accommodations Conference Room Office Storage
  • 17. 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
  • 18. Moving a truck on pontoon to a mining area:
  • 19.  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
  • 20.  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.
  • 21. 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
  • 22. Job Descriptions for key management positions in Guyana
  • 23.
  • 24.  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.
  • 25.  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.
  • 26.  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
  • 27.  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
  • 28.  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