TORONTO, March 19 /CNW/ - Guyana Goldfields Inc. (TSX:GUY) ("Guyana" or the Company") is pleased to announce that effective March 22, 2010, the Company will be included in the S&P/TSX Global Gold Index and the S&P/TSX Global Mining Index, which are leading benchmarks of the global gold and mining industry sectors.
Claude Lemasson, President and COO of Guyana Goldfields, states: "We are very pleased to be included on these indices and it will provide greater exposure to the investment community. This further demonstrates the quality and significant growth that the Company has delivered."
S&P/TSX Global Gold Index
S&P/TSX Global Gold Index is designed to be a dynamic international benchmark tracking the world's leading gold companies and aims to offer investors broad exposure to the world's gold markets. The intention of the Global Gold Index is to provide an investable representative index of publicly-traded international gold companies.
About the S&P/TSX Global Mining Index
The S&P/TSX Global Mining Index is a premier international benchmark tracking the world's leading mining companies. It aims to offer investors the full spectrum of exposure to the world's mining markets by providing an investable representative index of publicly-traded international mining companies.
About Guyana Goldfields Inc.
Guyana Goldfields Inc. is a Canadian based mineral exploration company primarily focused on the exploration and development of gold deposits in Guyana, South America where the Company has operated since 1996. The Company is currently undertaking technical studies to advance and develop the Aurora Gold Project in Guyana which is slated to begin production mid 2012. As at the date hereof, the Company has approximately $79 million in cash and short-term bank guaranteed investment certificates and no debt.
Forward Looking Statements - Certain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of Guyana, including, but not limited to the impact of general economic conditions, industry conditions, volatility of commodity prices, risks associated with the uncertainty of resource and reserve estimates, currency fluctuations, dependence upon regulatory approvals, the availability of future financing and exploration risk. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements.
SOURCE Guyana Goldfields Inc.
For further information: For further information: Guyana Goldfields Inc., Claude Lemasson, President & COO, Jacqueline Wagenaar, Director of Investor Relations, Tel: (416) 628-5936 Ext. 2295, Fax: (416) 628-5935, E-mail: firstname.lastname@example.org, Website: www.guygold.com