4 is a wooden-hulled bucketline sluice dredge that mined placer gold on the Yukon River from 1913 until 1959. In a press release from the company last month it was reported that the firm entered into a joint venture with Tumbleweed Inc (Guyana) for a claim of 190 miles on the Mazaruni river.Historic gold-mining dredge in Yukon, Canada Dredge No. The Konawaruk area is known for holding lucrative mining properties and the company's radar satellite imagery shows "exciting deposits," according to a January 25 report in Stabroek News. UDI plans to bring in a total of 30 dredges over a six to ten -year period. "We witnessed the production of the suction dredges and know that a cutter head dredge will produce significantly more gold because of its ability to break through and work below the cemented gravel," Doherty indicated in the release. The cutter head equipment has the ability to penetrate the layer of cemented gravel to enable UDI to mine the richest deposits.Ĭompany officials say information on the construction of the dredge and its completion will be forthcoming. UDI says this will significantly increase their production and revenue once completed and working beside the suction dredges.
Officials at United Development International say the cutter head dredge will be the mainstay of the river-based mining equipment. "We are very pleased to be in a position to add equipment to our Guyana operations," stated Robert Doherty president of United Development International in a press release. UDI already has two dredges mining over a 25-mile area in the Konawaruk and has teamed up with Guyana Primary Resources, owned by Sheik Hassan, to explore and mine for gold and other precious metals.
The Canadian gold mining company United Development International (UDI) says it has acquired financing to start constructing a cutter head dredge. Mining company to build cutter head dredge
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