Argus Metals Corp. reported that the Guyana Geology and Mines Commission has granted and signed Argus' PL29/2011 licence. This licence allows for the exploration of uranium, gold and precious elements. PL29/2011 is west of, and contiguous with Argus' PL53/2009 licence, which also allows for the exploration of uranium, gold and precious elements. With PL29/2011 in place, Argus now holds the full 10 x 1 kilometre extent of the Kaituma uranium target and plans to execute a drill program on the project as soon as technically and financially feasible. The Kaituma Project represents a geophysical/geochemical uranium target in an episyenite intrusive in Guyana Shield Greenstone Belt with similar geological models as deposits like the Husab deposit of Extract Resources Ltd. in Namibia, (319.9M lb U3O8 @ 519ppm U3O8) and the Lago Real Mine in Brazil which has resources of 125M lb U3O8 @ approx. 0.25% U3O8. The high priority Kaituma target has a strike of 10 kilometres and a width of one kilometre and grades from trace up to 0.23% U in saprolite trenches and trace up to 0.0948% U in weathered outcrop. Work on the Kaituma West PL, (PL29/2011) has also identified three gold anomalies with grades from trace and up to 827 ppb Au (averaging 9 ppb) and demonstrates an association with both hydrothermal alteration in greenstones on the margins of the intrusive (Anomalies #1 and 2), and also shear related mineralization internal to the intrusive rock (Anomaly #3). The Kaituma project was purchased from StrataGold Corporation and Newmont Overseas Exploration Limited and is subject a 2% NSR with a provisional buy back of 0.75% of the NSR for $1,250,000.