Hemisphere Gold Inc. (OTC: HPGI)
Hemisphere Gold Inc. (OTC: HPGI) is in the business of exploration and acquisition of gold properties in some of the world’s best gold districts. The Company’s objective is to take advantage of high-yielding untapped mineral producing properties through exploration and acquisition. The Company’s flagship property is in Suriname, a democratic country which has had mining operations since the 1700’s. Suriname is an emerging major gold producer with international companies showing interest. Hemisphere is committed to maintaining environmental stewardship, occupational safety and corporate responsibility.
Suriname and the Guiana Shield
To date, over 50 million ounces of gold have been recovered in the Guiana Shield, the most prolific gold belt in South America.
The Belt Play strategy, defined as investing in a concession in the same geological belt as known deposits, has been adopted by some of the most exciting junior mining companies operating today, including Hemisphere Gold Inc., which has acquired over 280 square miles (72,000 hectares) on a belt in the Surinamese part of the Guyana Shield, making them one of the major concession holders on a known gold trend. Because it is comparatively under-explored and on a known gold-bearing geological formation, the Guiana Shield is one of the few places that still has opportunities for high-grade mining discoveries. The Shield hosts major gold deposits in Suriname, Venezuela, Guyana, French Guiana and north-eastern Brazil, and is still far from fully explored. Billions of years ago, before the Atlantic Ocean opened, this region was part of the very productive gold regions of West Africa.
Hemisphere’s properties are in the Sara Creek region, an area known to be gold-bearing since the 1870s, although its full potential is only now beginning to be understood. Currently, Sara Creek is one of the most active areas in Suriname (along with Benzdorp, Nassau, and Saramacca regions). For investors interested in Belt Plays, the Surinamese Guiana Shield is worth a closer look. Juniors such as Hemisphere that have staked a claim in this belt could potentially provide investors with very healthy returns.
Regional Geology
Suriname covers about one tenth of the Precambrian Guiana shield. The Guyana Shield became the focus of exploration interest in the past six years as a result of the 12 million oz. Las Cristinas gold discovery by Placer Dome in Venezuela, as well as the commencement of commercial production by Cambior at the 4 million oz. Omai gold deposit in Guyana, the only modern gold mine operating throughout the Guyana Shield. Both of these gold discoveries have strong affinities to the porphyry gold, bulk tonnage, open pit model. In addition, these lower Proterozoic greenstone belts are prolific for high grade, shear-hosted gold deposits elsewhere in the world, such as the 50 million oz. Ashanti mine in Ghana. The gold prospects at Brokopondo/Sara Kreek exhibit shear-hosted or porphyry-type mineralization related to quartzcarbonate veins or stockworks within volcanosedimentary greenstone belts intruded by tonalite-diorite plutons along major crustal breaks within the Guyana Shield.
Covering an area of 163,265 km2 on the north east Atlantic coast of South America between French Guiana, Guyana and Brazil, Suriname is a fascinating mix of cultures and ethnicities. A Dutch colony until 1975, it was previously known as Dutch Guiana, and its legal system is based on Holland’s. Dutch is the official language. The population is a rich mix of descendents of escaped slaves (Maroons), Dutch immigrants, native tribes, Indonesians and immigrants from India, who make up the largest single ethnic group with an estimated 37% of the population.
Nearly all Suriname’s inhabitants live in a 30 km wide coastal strip. In 2000, the World Bank ranked Suriname as the 17th richest country in the world for natural resources. More recently, Suriname has been gripped by a modern day gold rush.
Aeromagnetic and Radiometric Survey
Terraquest Ltd. is to complete a high resolution horizontal gradiometric aeromagnetic and radiometric survey over the Company’s 72,000 hectare concessions in Suriname. A total of approximately 5,840 line kilometres is being flown at a spacing of 150 meters. The survey is underway and preliminary data is being processed in the field by the Terraquest geophysical team.
Terraquest is a well recognized geophysical company that specializes in high quality airborne geophysical surveys and they have completed many surveys on the Guyana Shield. Their professional crews offer a great deal of experience and expertise having carried out thousands of airborne magnetic, gamma spectrometry, and electromagnetic surveys both domestically and internationally. Terraquest’s quality data sets have been utilized in the exploration of base and precious metals, kimberlite, hydrocarbons, and uranium and water.
The survey will be of value in defining geology, structure and alteration that relates to gold mineralization. In an exploration program in a new gold district, airborne geophysics is an invaluable tool to assist in exploration. Suriname is in the tropical region with deep weathering; thus exposures of rocks and mineralization are rare and geophysics is an essential component of a successful exploration program.
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Pentony Enterprises LLC, the publisher of this website, was compensated 12,000 U.S. dollars by Haynes Capital Corp. Slovakia s.r.o. (hereinafter “Haynes”) for preparing and hosting the information contained on this website. Ocean Eclipse Ltda. (hereinafter “Ocean”), a corporation organized under the laws of Costa Rica paid Haynes 60,000 U.S. dollars to produce and distribute a financial newsletter and to publicize the gold industry and Hemisphere Gold Inc. (”HPGI”), a Nevada corporation, using one or more websites. Haynes has not received any information indicating that Ocean owns any shares of HPGI. In addition, on March 29, 2007, Haynes entered into a contract with HPGI under which Haynes shall perform media relations and awareness consulting services for HPGI and HPGI shall pay Haynes 3,000 U.s. dollars per month. The term of this contract is 3 months and shall be automatically extended for 1 month terms until terminated by either party.
Haynes does not own any common shares of HPGI and does not intend to purchase or sell any common shares of HPGI in the immediate period following the publication of information pertaining to HPGI on this website. However, because Haynes received compensation for assisting HPGI engage in media relations and awareness marketing, and HPGI has in turn received compensation from Haynes, there is an inherent conflict of interest in any statements and opinions contained in this website and such statements and opinions cannot be considered independent.
