Guatemala Iron Sand Exploration

The Ministry of Energy and Mines extended in six months the license to G4G Resources to explore the iron sands on the pacific shores.

Friday, October 8, 2010

The Ministry of Mines and Energy had granted in April a license to explore an area of 2,492 square kilometers.

Elperiodico.com.gt reports Brasil Botha, CEO of G4G Resources, as saying "... after an evaluation the presence of iron on the beaches of Guatemala was determined, located in an excellent position to meet the rapid growth of iron and steel markets. In terms of comparison, iron beaches in Guatemala are similar to the existing world-class deposits in New Zealand who have supplied steel producers since the seventies."

More on this topic

Guatemala Revokes Licenses for Iron Prospecting

June 2011

The Ministry of Energy and Mines (MEM), has closed the project due to non-compliance of requirements by Tikal Minerals Company.

Minister Alfredo Pokus announced at a press conference that the project will not move past its exploration phase and the company involved has no claim options.

Guatemala: Iron Exploration in 300 km2 of Coast

November 2010

G4G Resources and Iron Sands Americas will conduct a sample study in an area of 300 square km on the Guatemalan coast.

G4G explained that the study will help forecast the potential commercial value of iron extracted from the coasts.

Basil Botha, CEO of G4G, said: "We hope the extraction operation in these iron sands is easy.

Iron Exploration in Guatemala Gives Good Results

August 2010

Tikal Minerals, G4G and Iron Sands have confirmed that preliminary studies indicate that the exploitation of iron sands is feasible.

Tikal Minerals, which has three exploration licenses, commented that it may be possible to obtain an annual average of 10 million tons of iron, located 10 meters below ground. It is estimated that up to 12% of world iron deposits may be located on Guatemalan soil.

Guatemala Grants Iron Sands Exploration License

May 2010

The Director General Mining of Guatemala issued an Off-Shore Reconnaissance License to G4G Resources and Iron Sands Americas.

The license will permit G4G and Iron Sands Americas Limited ("ISA") to conduct a work program to determine suitable areas for the commencement of an iron sands exploration program.

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