Guinness Exploration Announces Engagement of Well-Known Geological Firm for Nantawa Project
WELLINGTON, New Zealand, January 19, 2010 (PRNewswire - FirstCall) -- Guinness Exploration Inc. ('Guinness') (OTC Bulletin Board: GNXP) is pleased to report it has appointed well-known geological consulting firm Coast Mountain Geological Alaska LLC ('Coast Mountain') to assist in the orderly advancement of its Nantawa Project, located in the Tintina Gold Belt of the Yukon, Canada.
"We are reviewing the extensive drilling data from 80 previously drilled holes, in order to establish near-term exploration targets," says President and CEO, Alastair Brown. "We're pleased to have Coast Mountain on board and they'll be working closely our with newly appointed Chief Geologist John Hiner. Once Coast Mountain has completed its review and made recommendations, we anticipate proceeding with additional exploration and drilling. We now have the people in place to deliver program-execution and operational expertise, and are aggressively moving forward with our plans for this high-potential gold and silver advanced exploration project."
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.
About Guinness Exploration
Guinness Exploration Inc. trades on the OTC-BB under the symbol GNXP. The Company was incorporated in Nevada in 2006 and incorporated its subsidiary Nantawa Resources Inc. in Yukon, Canada in 2009. In November, 2009 Guinness acquired 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 for the properties. The 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.
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.
