Eagle Mountain moves ahead with EIA, PEA for Guyana project

7th March 2013

By: Henry Lazenby

Creamer Media Deputy Editor: North America


Font size: - +

TORONTO ( – Guyana-focused project developer Eagle Mountain Gold is moving forward with an environmental-impact assessment (EIA), following the company’s exercise of an option to acquire from Iamgold subsidiary Omai Gold Mines the remaining 50% interest in the advanced-stage Eagle Mountain gold property.

While attending the Prospectors and Developers Association of Canada’s recent event, Eagle Mountain CEO Yannis Tsitos told Mining Weekly Online that now that the company’s plans were firming, it was also in talks with its engineers to start determining the scope of a preliminary economic assessment (PEA) for its flagship project.

“We are now starting to work out the finer details of the project, and our largest shareholder Iamgold is assisting us in the process,” Tsitos said.

He said among the tasks to be completed for the EIA were the detailed sampling of fauna and flora within the project area, which must be undertaken over a year so as to include all the seasons. The company wanted to complete the EIA by 2014.

The Eagle Mountain property hosts a near-surface National Instrument 43-101-compliant resource of 188 000 oz of gold in the indicated category and 792 000 oz of gold in the inferred category, with significant potential for expansion.

The deposit covers 250 ha of the 5 050 ha property and is open in three lateral directions and at depth with strong mineralisation along its edges.

Tsitos pointed out that Guyana is a mining-friendly jurisdiction, owing to the primary extractive industry accounting for about a quarter of the country’s gross domestic product.

Edited by Creamer Media Reporter


The content you are trying to access is only available to subscribers.

If you are already a subscriber, you can Login Here.

If you are not a subscriber, you can subscribe now, by selecting one of the below options.

For more information or assistance, please contact us at

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?