Arrowhead Gold Corp. is involved in the exploration, discovery and development of precious metals deposits located within the South American country of Guyana. Arrowhead began obtaining interests in Guyanese gold exploration properties in 2010, and now holds rights in approximately 18,420 acres of promising properties.
In 2010, the company acquired a 100% interest in the Puruni Gold Project, and has completed the first three phases of exploration, which confirmed the presence of two large gold vein structures stretching for several kilometers. The initial samples yielded 14,000 grams of gold per tonne.
The Company has also acquired two other properties lying within the prolific Aurora Gem-Creek Corridor.
However, until recently, this region has never been properly explored.
Guyana is a parliamentary-style democracy-based English speaking country. Guyana has
demonstrated itself to be a mining-friendly and stable democratic country toward direct foreign
investments in the mining sector. The Land Tenure Act, legal statutes and the legal system are
based on the Roman Dutch Laws modified by British Common Laws. Guyana has well developed
and uniformly administered tax laws, mining laws and general business systems, especially geared
toward the mining sector that includes duty and tax-free imports for mining and forestry equipment.
Several major and successful natural resource deposits have been commissioned by foreign
investors including (Omai Gold Mines) - IamGold Inc., (Aurora gold deposit) - Guyana Goldfields Inc.,
(Arorima Bauxite Mine) - United Company Rusal of Russia and (Guymine Bauxite Mine) - Bosai
Mineral of China.
There are also a number of Canadian junior exploration companies operating in Guyana including
Sandspring Resources, Shoreham Resources, GMV Minerals, Gold Port Resources and First Bauxite
Puruni Gold Project
Arrowhead Gold Corp. owns a 100% interest in the Puruni Gold Project, a contiguous land block comprising 5 Mining Permits, and 1 Prospecting Permit-Medium Scale, totaling approximately 3600 hectares (~9000 acres).
The property is located about 160 kms southwest of Georgetown. The property is accessible by road, helicopter or river boat. The Puruni Project area has a well documented history of alluvial mining in the active river channel and saprolite mining on land adjacent to the river bank.
In early 2009, while mining the saprolite and elevated gravel terraces adjacent to the river bank, two high grade veins were uncovered.
An estimated 3,000 ounces of gold was recovered from these quartz veins using crude crushing and sluicing techniques in just over 4 months.
In August 2010, Arrowhead announced the completion of a NI 43-101 Technical Report for the Puruni Gold Project.
Ulrich H. Kretschmar PhD, P.Geo, the author of the report, collected 15 samples of bedrock quartz veins material with visible gold from the property.
The quartz veins grab samples returned gold assays of:
1390 g/t (40.5 oz Au/ton)
2090 g/t (61.1 oz Au/ton)
7389 g/t (215.5 oz Au/ton)
13618 g/t (397.2 oz Au/ton)
duplicates ran 14764 g/t (430.6 oz Au/ton)
Arrowhead has completed a systematic soil sampling and IP program. Drill targets are defined and the company will commence a 2000 metre drill program in September 2011.
Gobin Gold Project
The Company acquired the Gobin properties in December 2010. The Gobin properties consist of two medium scale prospecting permits and one mining permit totaling 1214 hectares (3000 acres. Arrowhead intends to complets an independent NI 43-101 Report by the fall of 2011.
Kaburi Gold Projects
Arrowhead acquired the Kaburi project in December 2010. The Property consists of one Large Scale prospecting permit totaling 2598 hectares (6421 acres). The Company plans to complete an independent NI 43-101 Report in the fall of 2011.
Steve Smith - President & Director
Steve Smith brings over 21 years experience in the financial markets. He is experienced in the
areas of corporate management, corporate finance, public relations and administration. Steve was
Vice President of Kakanda Development since 1997, a Director of Kakanda Development Corp.
since 2000 and President and CEO since 2002. Steve obtained his Bachelor of Arts (Economics)
from the University of Toronto in 1982, and has completed the Canadian Securites Course and
Canadian Investment Management Course Part 1. Steve is a partner in Tangent Management
Corp.,a financial public relations firm serving public companies. From 2004 to present, Steve has
been a Director of Taku Gold Corp.,a mineral exploration company. Previously, Steve was a
Toronto-based stockbroker and Vice-President of a Vancouver based Public Relations firm.
Ickbal Boga - CFO & Director
Combining his expertise in the resource sector with his background as a Chartered Accountant, Mr. Boga
serves as CFO of Otish Energy Inc. and Taku Gold Corp. and Tajiri Resources Corp. From 1991 to 1992,
Mr. Boga was CFO of Workplace Health & Safety Agency in Toronto, and has also held positions with Canada Post,
British Petroleum Canada Inc. and KPMG. Mr. Boga has been an officer and director of five capital pool
companies including Camflo Resources Inc., Ona Energy Inc. 8 Crown Capital Inc., Sukari Ventures Corp.
and Tajiri Ventures Corp..
Mark Fekete - Director
Currently President of Hinterland Metals Inc., a mineral exploration company trading on the TSXV, Mark
Fekete has had a 24-year career in the mineral exploration business, including an extensive history in
Northern Canadian exploration. Currently living in Quebec, Mark brings a unique local knowledge to Otish
Energy. He is a registered Professional Geologist and a member of the company's technical committee.
Zachery Dingsdale - Director
Zachery Dingsdale is currently President and CEO of Taku Gold Corp, a mineral exploration
company listed on the TSX Venture Exchange, since 2004, Zak is a principal of Tangent
Management Corp., a financial management firm that provides financial consulting and
management services to publicly listed companies. Mr. Dingsdale has over 15 years experience in
the capital markets and has completed the Canadian Securities Course. Mr. Dingsdale is a
member of the Company's audit and technical committees.
Albert (Rick) Timcke - Director
Currently President and CEO of Tajiri Resources Corp, a mineral exploration company trading on the TSXV.
Mr. Timcke holds a Business Administration Diploma from the British Columbia Institute of Technology (1984). For more than 17 years he has been involved in the public equity markets, with a particular focus on Canadian-based resource issuers.
Mr. Steve Smith
Telephone: (604) 642-0115
Toll Free: 1-866-345-0115
Address: Suite 1450, 409 Granville Street, Vancouver, British Columbia, Canada V6C 1T2
Web site: www.arrowheadgold.com