WELLINGTON, New Zealand, June 22 /PRNewswire-FirstCall/ -- Guinness Exploration Inc. ("Company") (OTC Bulletin Board: GNXP) reported today that the field camp is up and running and good progress has been made by the geologic crews in re-establishing ground control at the Nantawa Project site, approximately 65km west of Carmacks, Yukon.
"Camp set up is finished. Set up was exceedingly efficient," reported Chief Geologist John Hiner. "The weather has been excellent and six members of our work team are now on site at the Mount Nansen camp. All supplies have arrived and we have begun field work to establish geologic and infrastructure survey control. Most of the old drill holes have been located, as well as trenches and other features that allow us to accurately plan our upcoming drill program."
Mr. Hiner continued, "We were able to obtain excellent quality air photo coverage flown in 2003, from which a scale stable photo base map (called an 'Orthophoto') has been constructed. This Orthophoto is being used for our mapping, trenching, and location of drill sites. This is a highly positive and cost-effective find for us, as the existing topographic maps are not fully updated with some new roads, previous mining work disturbance, and other field changes. Our work is progressing well and we expect to report on the start date of our drilling program soon."
To accurately locate all the holes, trenches, and other features, the Company has commissioned a differential GPS survey. The accuracy of the differential GPS (in many cases down to tens of centimeters) will provide for the more exact location of the diamond drill holes the Company intends to complete for confirmation of previous high grade intercepts and to expand known mineralization. The drill rig is onsite, and the Company anticipates drilling could start in early July, as soon as the final items of the Yukon permits have been approved.
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.
For more information please contact Investor Relations at phone: 1-800-841-2788
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Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995
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. In this press release, the expression:"... and we expect to report on the start date of our drilling program soon,";"...the differential GPS... will provide for the more exact location of the diamond drill holes the Company intends to complete for confirmation of previous high grade intercepts and to expand known mineralization,"; and "...the Company anticipates drilling could start in early July, as soon as the final items of the Yukon permits have been approved," are 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 gold, silver, or certain other 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.
SOURCE Guinness Exploration Inc.