Guinness Exploration Senior Management Complete On-Site Operations Inspection of Nantawa Project
Wellington, New Zealand – August 24, 2010 – The Board of Guinness Exploration Inc. ("Company"), OTC-BB: GNXP, has received a positive report from CEO Alastair Brown and Chief Geologist John Hiner regarding their four day visit to the Nantawa Project during August 4th through 7th.
President Alastair Brown reported, "The purpose of our visit was to conduct an on-site operations inspection, consult with our geological and technical team, and meet with Yukon regulatory officials to ensure we are meeting all Yukon exploration compliance standards. I'm pleased to report positive results in all these three areas." Mr. Brown continued, "On the operations side, our drilling and trenching operations are working at full capacity and we're on schedule to meet our aggressive summer exploration goals. I'm also very pleased with the favorable interaction, feedback and advice received during an extensive meeting with several senior officials from the Yukon government agencies responsible or involved in the regulatory aspects of mineral exploration and development in the Territory. Our operations are in full compliance with the Territory's rigorous environmental standards and our exploration plans have received positive regulatory feedback. In general, we strongly believe that the Nantawa Project is on track to achieve or exceed our exploration objectives this year."
Chief Geologist John Hiner also commented, "With respect to geological progress, our team anticipates receipt of sampling results as early as mid-September. Visual inspection of drill core retrieved to date has led us to expand our drill targets. So far we've drilled 1,238 meters in thirteen core holes. Additionally, we have completed 2,340 meters of trenching, comprising 15 trenches in known targets and newly defined mineral targets."
About Guinness Exploration
Guinness Exploration Inc. trades on the OTC-BB under the symbol GNXP. The Company was incorporated in Nevada in 2005 and incorporated its subsidiary Nantawa Resources Inc. in Yukon, Canada in 2009. In November, 2009, Guinness entered an agreement to acquire mineral claims for the Mount Nansen and the Tawa gold and silver exploration properties (collectively the ‘Nantawa Project’) in the Yukon and is now developing an exploration program. The Nantawa Project is situated in the prolific Tintina Gold Belt, a 1,200 km long area extending from northern British Columbia, through the Yukon Territory and into southwest Alaska. The Tintina Gold Belt includes such world-class, multi-million ounce gold deposits as Pogo, Fort Knox, True North, and Donlin Creek. The Nantawa Project claims consist of 203 full or fractional claims with a total area of 3,136.43 square hectares located in the South Central part of the Yukon, 180 km Northwest of Whitehorse and 60 km west of the Village of Carmacks. A complete independent geological report received by Guinness, dated November 27, 2009, can be viewed on Guinness’ website: www.guinnessexploration.com.
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CAUTIONARY STATEMENT ON FORWARD-LOOKING INFORMATION
Certain information contained in this press release, including any information as to our strategy, plans or future financial or operating performance and other statements that express management's expectations or estimates of future performance, constitute "forward-looking statements.” All statements, other than statements of historical fact, are forward-looking statements. The words "believe," "expect," "will," "anticipate," "contemplate," "target," "plan," "continue,” "budget," "may," "intend," "estimate," “project” and similar expressions identify forward-looking statements. Forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements, including, but not limited to, certain delays beyond the company's control with respect to mining operations, changes in the worldwide price of certain commodities; legislative, political or economic developments in the jurisdictions in which the Company carries on business; operating or technical difficulties in connection with mining or development activities; employee relations; contests over title to properties; and the risks involved in the exploration, development and mining business. The Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by applicable law. |
