Malawi NI 43-101 - December 2011 - Gold Canyon Resources Inc.

67transporting material and people to and from the basin should the project proveencouraging was noted.19 MARKET STUDIES AND CONTRACTSMarket studies or contracts for possible mineral products have not been made.20 ENVIRONMENTAL STUDIES, PERMITTING AND SOCIAL OR COMMUNITYIMPACTNo environmental studies have yet been made but Initial environmental studies(see Item 27) are part of the current phase of exploration.Permitting is not required for the current activities and possible future permitrequirements have already been commented on in Item 4 (g).The present phase of exploration has a significant beneficial community impact.It provides work and training (Anonymous (2011b) for at least 25 citizens of Malawiincluding geologists, drillers, porters, samplers, and drivers, many from nearby villagessuch as Nakoya. As required by the terms of the licence, labour and supplies areobtained within Malawi to the extent possible.21 CAPITAL AND OPERATING COSTSNo estimation of capital and operating costs has been made or is appropriate atthe present preliminary stage of exploration.22 ECONOMIC ANALYSISAt this early stage there is insufficient data to carry out an economic analysisand none has been made.23 ADJACENT PROPERTIESAlthough a number of REE deposits are known in Malawi, some of which arebeing evaluated economically, none are of the ion-adsorption REE type and thereforecannot usefully be compared with the Chambe Basin.