Guyana Goldfields Inc.
TSX : GUY

Guyana Goldfields Inc.

June 02, 2006 19:16 ET

Guyana Goldfields Inc.: Description Of Rory's Knoll Mineralized Zone

TORONTO, ONTARIO--(CCNMatthews - June 2, 2006) - Guyana Goldfields Inc. (TSX:GUY) is pleased to issue a clarifying description of the Rory's Knoll mineralized zone as we know it to date.

The zone has a pipe like general configuration closely related to a tonalite intrusive in metavolcanics country rock. The zone is dipping from vertical to 85 degrees NE with a 70 degree NW plunge. On horizontal sections, the zone assumes an irregular ellipsoidal shape with the long axis ranging approximately 200 to 250m and short axis of 125 to 200m depending on horizontal section. The zone has been explored down to a depth of 700m from surface by core diamond drilling. Mineralization continuity has been shown to exist to this depth.

Amongst other sections and plans, a longitudinal section of 10,750E (showing RKD-55, RKD-56, RKD-57) is available on the company's website at: http://www.guygold.com/pdf/long10750.pdf. Please note that the intercepts earlier reported for RKD-55, RKD-56 and RKD-57 are not true width. These intercepts represent successful probing of vertical continuity of mineralization at depth.

About Guyana Goldfields

The Aurora exploration and drilling program is being carried out under the direction of Mr. Augusto Flores IV, a qualified person within the meaning of National Instrument 43-101. Alexander Po, P.Geo, a qualified person within the meaning of National Instrument 43-101, has reviewed all exploration results and is acting as QP for this release. Core is split, with half sent to Loring Laboratories in Georgetown, Guyana for preparation and analysis using fire assay. Loring Laboratories is a Canadian owned and operated laboratory. The Company maintains an archive of half core samples and a photographic record of all cores for future reference. Sample blanks, duplicates and recognized standards were inserted into the sample stream at regular intervals.

Guyana Goldfields Inc is a Canadian based mineral exploration Company primarily focused on the exploration and development of gold deposits in the Guiana Shield of South America. The Guiana Shield is in the northern part of the Amazon Craton and covers parts of Guyana, Venezuela, Suriname, French Guyana and northern Brazil.

The Company holds advanced exploration projects in various stages of development and has been operating in Guyana continuously since 1996.

The Company currently has approximately (CDN) $30 million in cash and no debt.

Additional Information

Information is available on the Company's website at www.guygold.com and on www.sedar.com and through the Company's offices at:



141 Adelaide St. West
Suite 301
Toronto, ON, Canada
M5H 3L5



This News release is issued at the request of TSX

Contact Information

  • Guyana Goldfields Inc.
    Patrick Sheridan Jr.
    President & C.E.O.
    (416) 628-5936
    (416) 628-5935 (FAX)
    psheridan@guygold.com