Ensurge, NARIL Enter Guyana Dredging Deal
Ensurge, Inc. has entered into a definitive agreement with North American Resources Inc. Ltd. (NARIL) for management and eventual acquisition of commercial dredging operations in Guyana.
NARIL is a Guyana mining company that has been conducting gold exploration and mining for over twenty years. They currently operate two cutterhead dredges on the Konawaruk river. NARIL is in the process of refurbishing and updating one of its cutterhead dredges to increase efficiency and production.
Furthermore, NARIL is also developing a missile dredge operation on the Konawaruk river.
In addition to the river dredging operations, NARIL also operates two small pilot land operations in the Mazaruni river region of Guyana. One operation is in the Issano Creek area and the other is in the Semang area.
Based upon current results, Ensurge intends to significantly expand these operations over the next two quarters.
Acquisition of NARIL will not be effective until it completes audited financial statements for a two year period.