Takatu Minerals Limited
is an unlisted Canadian mineral exploration company based in Vancouver,
Canada, focused on gold and uranium exploration in Guyana, South America.
Takatu's primary business objective is to realize high returns for its
shareholders through successful discovery and profitable development of gold
and uranium projects in Guyana whilst maintaining its responsibilities to
local communities and the environment.
Takatu through indirect
100% owned subsidiaries has acquired 5 projects.
Amakura - 4000 km2 Reconnaissance Permit prospective for granite
hosted and sodic-metasomatic uranium deposits.
Takatu - 8150 km2 Reconnaissance Permit prospective for sandstone
hosted uranium deposits of the Colorado Plateau type.
Muruwa - 23,330 km2 Reconnaissance Permit Prospective for Athabasca type - Proterzoic unconformity uranium deposits.
East
Omai - 7330 km2 Reconnaissance Permit granted for Gold and base
metals covering an 80 km strike by 40 km width portion of the greenstone
belt which hosts the World class Gross Rosebel, and Omai Gold mines.
West
Omai - 830 km2 aggregation of licenses granted for gold and
precious metals located between 15km and 60 km to the west and northwest
of the Omai Gold mine.
West Omai is Takatu's cornerstone project. It sits astride a largely
unexplored 30-40 kilometer strike length of the same structural
stratigraphic corridor which host's Iamgold's 3.7 million ounce Omai Gold
Mine. The West Omai Project presents excellent potential for the discovery
of significant gold resources, and contains several drill and near drill
ready targets. Key features of the project are:
An historic non 43-101
compliant shallow resource of 4.1Mt @ 2.2g/t (290,000 ounces) located
within 100 meters of the surface at the Hicks Prospect.
The largest single
artisanal bedrock gold working in Guyana - the Kaburi Prospect, where
multiple sub-parallel 5-20m wide quartz stock work and sheeted vein
zones have been exploited within an area of 500m by 400m. Kaburi has
never been subject to drilling or modern exploration but represents a
first order target.
Numerous artisanal bedrock
and alluvial gold workings combined with several regions of significant
geochemical stream sediment anomalism, all of which can be spatially
related to readily discernable regional structures, lithologies and
trends. These define a discreet corridor of gold mineralization and
a first order target for systematic exploration.
A
substantial portion of the mineralized corridor is masked by a thin
veneer of unconsolidated transported overburden which has left large portions of
the corridor untested and virgin.
The management of Takatu
believes that high shareholder returns will be realized through an early
focus on the aggressive, systematic and thorough exploration of the West
Omai Project, building on the known existing near surface gold resource,
while underpinning long term shareholder value by pursuing a measured and
cost effective approach to the exploration of its large regional land
holdings. Takatu's ultimate objective is to become a gold producer as soon
as practical with the longer term goal to reach mid-tier gold and uranium
producer status based on low cost, long life operations.
Takatu has recently
received completed 43-101 reports from RSG Global/Coffey Mining for each of
the five projects, and intends to conduct an IPO early in Q2 2008.