Guyana Resource Center
Set like a gem in the crown of South America, nestled on the North-Eastern shoulder, defying the raging Atlantic Ocean, Guyana's many waterways reflect the source of it's name "The Land of Many Waters"
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The Associated Press/GEORGETOWN, Guyana
By BERT WILKINSON
Associated Press Writer

APR. 20 4:06 P.M. ET Guyana has granted exploration permits to a Canadian company to search for uranium deposits in the South American nation’s western interior, the country’s mines commission said Thursday.Toronto-based U308 Corp., a subsidiary of Prometheus Resources Guyana Inc., will explore for uranium in a mountainous area of 579,500 hectares (1.4 million acres), where French firm Cogema drilled for the metal in the 1980s, said Adel Butts, spokeswoman for the Guyana Geology and Mines Commission.

Under the permits, which last three years, the company has the right to stake up to 15 prospecting licenses in the area, according to the U308 Web site. The permits can be extended by Guyana’s minister of mines.

Butts said the Canadian company is also seeking permission to explore additional areas in Guyana, where exports of mined bauxite, gold and diamonds is the country’s third biggest industry after sugar and rice.

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