Guatemala: Iron Exploration in 300 km2 of Coast
G4G Resources and Iron Sands Americas will conduct a sample study in an area of 300 square km on the Guatemalan coast.
Monday, November 1, 2010
G4G explained that the study will help forecast the potential commercial value of iron extracted from the coasts.
Tikal Minerals, G4G and Iron Sands have confirmed that preliminary studies indicate that the exploitation of iron sands is feasible.
The Director General Mining of Guatemala issued an Off-Shore Reconnaissance License to G4G Resources and Iron Sands Americas.
The Ministry of Energy and Mines extended in six months the license to G4G Resources to explore the iron sands on the pacific shores.
A Chinese-Australian owned mining company has now presented the EIA required by Guatemalan authorities in order to explore for iron in beach sands.
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