Gold Bar Development & Consulting’ s current business strategy is focused deep into the jungles of Guyana, South America, to some of the most mineral rich plots of land. The company’s current target is alluvial gold mining projects. Using its alluvial mining approach, the company will focus on the 1 m layer of gold rich gravel, which it says “lines thousands of acres throughout the Cuyuni Region of Guyana anywhere from 3 to 20 feet [0.9 to 6.1 m] below the surface.
“Gold Bar combines the alluvial mining techniques its team has practiced for the past couple of decades with the latest centrifuge technology to increase efficiency and extract maximum gold per yard. The company then in turn sells this gold to the Guyana Gold Board.”
It plans to allocate a portion of this cashflow generated by its alluvial gold mining endeavours to an exploration program consisting of surveying and diamond drilling in order to identify and develop underground hard rock gold deposits.
Gold Bar also offers consulting services to other mining companies looking to extend their reach into Guyana, as well as local Guyanese junior miners looking to expand their current operations. By providing financial and logistical assistance to local junior miners, Gold Bar is able to enter into joint ventures and share in their revenues. This enables the company to capitalise on mining camps already in operation and producing gold (property & workers already secured) and significantly reduce the time involved in generating a return on investment.