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XAU Targets Guyana Gold Project | Guyana News
Canadian gold explorer XAU Resources is set to acquire QS Holdings, parent company of Guyana’s Quartzstone Gold Project, in a $70 million deal expected to close by next year’s third quarter — a move that’s raising eyebrows due to two XAU directors also holding stakes in QS Holdings, hinting at a related-party transaction. The 296-square-kilometer project, comprised of 83 mining permits, boasts historical gold data but no recent exploration since its acquisition last year. Meanwhile, rival Fortuna Mining has already struck a $5 million earn-in deal with Qstone Inc., the project’s operational…
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