Guyana Frontier Mining Corp. ((CVE:GYG) reports an amendment to the Guiana Shield property agreement between Guyana Frontier and Mulgravian Ventures Corporation.
The press release is quoted as saying:
Otomung consists of two large scale prospecting licenses, which cover an area of approximately 25,599 acres (10,360 hectares). Under the terms of the Agreement and Amendment the Property will now be comprised of 5 portfolio groups, which consist of 19 large scale prospecting licenses and 12 medium scale prospecting permits, and encompasses a cumulative area of 238,281 acres (96,431 hectares) in northwestern Guyana, South America. Guyana Frontier has two underlying property option agreements with Guiana Shield Resources Inc. (“Guiana Shield”), whereby Guyana Frontier has the right to acquire a 100% interest in the Property subject to a net smelter returns royalty. For further information see Guyana Frontier news releases dated April 6, 2009, May 28, 2009, January 5, 2010, and November 29, 2010.