VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 30, 2011) - G4G Resources Ltd. (TSX VENTURE:GXG) ("G4G", "the Company") is pleased to provide an update on the Guatemala Iron Sands project originally announced on May 10, 2010.
On November 1, 2010, G4G announced that it would conduct a targeted sampling program over an off-shore area of approximately three hundred square kilometres, following the extension of the Off-Shore Reconnaissance License ("OSRL") announced on October 7, 2010. The OSRL covers 2500 square kilometers along Guatemala's entire Pacific coastline. Please see the news release dated November 1, 2010 for details.
The OSRL had been extended for a further six months to April 2011 to enable G4G and ISA to continue the application for exploration licenses and to conduct a preliminary environmental impact assessment study.
Due to the continuance of the environmental impact assessment study, management has determined it prudent not to proceed with the off-shore sampling program until such time as the exploration application has been approved by the Ministry of Energy and Mines, Guatemala.
About G4G Resources
G4G Resources Ltd. is a Canadian-based mineral exploration and development company focused on a number of low cost iron ore projects and copper-gold projects on Vancouver Island.
This document may contain or refer to forward-looking information based on current expectations, including, but not limited to timing of mineral resource estimates, future exploration or project development programs and the impact on the Company of these events. Forward-looking information is subject to significant risks and uncertainties, as actual results may differ materially from forecasted results. Forward-looking information is provided as of the date hereof and we assume no responsibility to update or revise them to reflect new events or circumstances. For a detailed list of risks and uncertainties, as it relates to G4G Resources Ltd., please refer to the Company's 2010 year end audited financial statements filed with SEDAR on April 28, 2011.Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.