Iron Exploration in Guatemala Gives Good Results

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

Monday, August 23, 2010

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.

Meanwhile, G4G reports that its president, Basilio Botha, believes that "the iron deposits found in Guatemala's coastal sands are likely to become prolific sources of iron, with potentially low extraction costs. They are well situated on the Pacific coast for supplying the rapidly growing Asian market".

More on this topic

Guatemala: Environmental Impact Assessment for Iron Mine

April 2011

A Chinese-Australian owned mining company has now presented the EIA required by Guatemalan authorities in order to explore for iron in beach sands.

The Environmental Impact Assessment (EIA) submitted in December last year is part of a process that can take several months.

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.

Guatemala Iron Sand Exploration

October 2010

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

The Ministry of Mines and Energy had granted in April a license to explore an area of 2,492 square kilometers. reports Brasil Botha, CEO of G4G Resources, as saying "...

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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