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GYA - Guyana Goldstrike Inc (TSX-V)

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Guyana Goldstrike Inc. (TSXV: GYA, OTC: GYNAF, FSE: 1ZT) is pleased to announced that the geological team has commenced trenching, mapping, and sampling at the Marudi North Zone - West Extension area on its Marudi Gold Project located in the Guiana Gold Belt, Guyana, South America.

Peter Berdusco, President and CEO states "This is the Company's second area of geological interest out of nine targeted areas identified. The first area Paunch returned high grade gold values indicating a downslope gold dispersion with gold trends that suggested an undiscovered bedrock source was in the vicinity. It is important to note that the Marudi North Zone has been drilled and assayed by previous operators, therefore the West Extension is an excellent follow up exploration target to determine if there's continuity of gold present in the area. We eagerly anticipate further sampling and assay results from Marudi North - West Extension."

Marudi North Zone - West Extension Exploration

Locke Goldsmith, P. Eng P. Geo VP Exploration reports "New trenching at Marudi North - West Extension has commenced. One trench has been completed to date, including sampling, mapping, and photography. At this trench an outcrop of quartzite-metachert, the host bedrock, was identified and exposed at a depth of 2.5 meters. The Marudi North - West Extension has a very good potential for the discovery of gold."

For further information please visit http://www.guyanagoldstrike.com/
 
High Grade Gold Assay Results Reported by Guyana Goldstrike From Trench Sampling at Marudi

AUGUST 18, 2018


With ongoing fieldwork underway at the Marudi project in Guyana, the steady flow of news from Guyana Goldstrike Inc (TSXV: GYA – $0.30 & OTCBB: GYNAF – $0.22 & Fra: 1ZT – €0.19)continued this week. Another batch of assay results from the ongoing trenching work in the Toucan Ridge target area was presented. Once again, sampling has confirmed attractive gold values, with a highlight interval of 3 meters that averaged 5.4 g/t gold in trench TTR-18-08. This came within a larger overall sample width of more than 16 meters, with an average of 1.38 g/t gold across the entire section.



Several other samples from this same trench have been submitted for assay with results pending. It is of interest to note that the longest interval of gold mineralization encountered so far from the fieldwork program has come from this trench that also yielded a high grade section.



Ambitious Trenching Program Underway



The trenching program is set up to establish a two dimensional ‘footprint’ that outlines the surface expression of the target area. Trenches are excavated up to three meters below surface overburden in order to enable sampling of the soil and rock layer below that is more representative of the local geology. Each trench is oriented roughly perpendicular to the estimated lateral strike of the target zone, and parallel trenches are driven in intervals separated by 50 to 100 meters.


With a target strike length for the Toucan Ridge target area spanning roughly 1.75 kilometers, this suggests a large number of trenches will ultimately be completed to investigate the near surface resource potential. The scope of this fieldwork is even more impressive when one considers that some of the individual trenches extend more than 100 meters, and TTR-18-08 continued for a full 280 meters across the target zone. So far, a total of 704 meters of trenching have been completed, and 254 individual samples submitted for assay.


Information gathered from this ambitious program will help towards selecting drilling locations. The subsequent drill program can then provide information on the overall tonnage and grade of the deposit which may then be used to calculate an estimated gold resource and create a 3D model for the resource zone.


While drilling activity is what most investors consider of greatest importance, the continued successful trenching work is rapidly expanding the target area and the potential gold deposit that may eventually be defined at Toucan Ridge. This methodical and systematic approach to exploration has already contributed two new gold discoveries at the Marudi project, and these new target areas have evolved into significant gold zones where the Company may outline a compelling near surface, high grade gold deposit.



Commencement of Airborne Geophysical Survey Pending

A second news release this week confirmed that equipment is now being staged in Guyana to commence an aerial geophysical survey across the entire 13.5 square kilometer area of the Marudi Property. The rainy season in Guyana is winding down and technicians are hopeful that favorable weather will begin in September to enable the program to get underway.


Airborne sensors to record magnetic and radiometric data will be deployed from a helicopter at a stable speed and altitude to complete the survey in a grid across the property. Because the target quartzite-metachert host rock contains particles of magnetite this mineral will light up potential target areas through interpretation of magnetic imaging. Radiometric surveying will measure trace radioactive signatures of various rock units that define geologic structure and outline boundaries of different rock units.


Interpretation of survey data can help geologists identify where subsurface target zones may exist. Since the Company has already established a significant deposit at the Mazoa Hill zone, this will also provide a known constant in the survey data and hopefully pinpoint other sections elsewhere on the property with a similar geophysical signature. It is also noteworthy that the planned geophysical program will be the first comprehensive survey completed for the entire property area.

Combined with extensive historical soil sampling work across much of the property, and the current trenching program underway, the additional data generated by this aerial geophysical survey will improve the ability for exploration team to visualize the geology of the project and identify new target areas with greater efficiency.



Conclusion


The summer of 2018 has not been kind to mineral exploration companies as a group, and many are now trading down to new lows. Guyana Goldstrike has been a pleasant change from this bearish trend, and shares of the Company are performing well in the market because the Company is effectively executing its business plan and achieving results in the field.


With the equity investment of more than $3 million from the funds operated by Zijin Mining Group, Guyana Goldstrike secured the necessary money to confidently advance a multi phase exploration program at Marudi. Guyana Goldstrike has operated as a model of how to proceed with a focused strategy that has enabled the market performance to also rank among the leaders for this sector.


Steady news flow with positive results is another factor in the strong performance for the stock. With two more news items released this week, and the prospect of a steady flow of updates and assay results in the months ahead, this trend communicates to investors that the Company is following through with its exploration objectives.


While news flow is important, it is high grade assay results that catch the attention of the market. This week Guyana Goldstrike reported one of the highest grading sample results so far from the new zone, and the longest mineralized interval so far with the trenching program underway. Both of these items enhance the speculative potential going forward since the Toucan Ridge target area remains the focus with a huge amount of work scheduled to complete the program.

The update regarding the airborne geophysical program is also an indication of the well planned exploration strategy in Guyana. Preparing the first geophysical survey for the entire property area such that it can yield additional data early in the exploration process demonstrates that management is committed to achieving its objective to build significant gold resources at Marudi. The high resolution data from this survey will provide the geologists with another effective tool to do so.



Recommendation: BUY




About the Marudi Gold Project

The Company is developing the Marudi Gold Project located in Guyana, South America, the project is unique in that it has a 18-year mining license in good standing, all-season road access, infrastructure in place, with an established mining camp serviced by employees, service buildings, and a full-time mining manager. The Property has three known gold bearing areas, specifically the alluvial areas, the saprolite, and the underlying hard-rock.



There has been 42,000 metres of historic diamond drilling (141 holes) completed on the Project by prior operators. The Company has completed a mineral resource estimate on the Mazoa Hill zone containing 259,100 indicated gold ounces within 4,428,000 tonnes grading 1.8 grams/tonne (g/t) and 86,200 inferred gold ounces within 1,653,000 tonnes grading 1.60 grams/tonne (g/t).


52 week hi-lo $0.14 - $0.385



Shares Issued 52.4 M


Ownership



Insiders + 30.0 M



Zijin Resource Funds 12.8 M




http://www.guyanagoldstrike.com/
 
Weekly price chart GYA.V

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$GYA.V Guyana Goldstrike Receives Interpretation Report of Airborne Geophysics Survey, Marudi Gold Project, Guyana

#gold #stocks #investing #microcaps


https://www.guyanagoldstrike.com/news/2019-news-release/246-


“The geophysics interpretation has greatly advanced our understanding of the controls on gold mineralization on the Marudi Gold Project and identifies priority targets to both expand the known mineral resource and discover new occurrences.”
Target GYA Geophysics Map.png
 
Chairman of K92 Mining Inc. Joins Guyana Goldstrike Inc.



Guyana Goldstrike Appoints Senior Mining Executive Mr. Robert Stuart (Tookie) Angus to the Advisory Board


September 3, 2019 - TheNewswire - Vancouver, Canada - Guyana Goldstrike Inc. (the "Company" or "Guyana Goldstrike") (TSXV:GYA) (OTC:GYNAF) (FSE:1ZT) is pleased to announce the appointment of Mr. Robert Stuart (Tookie) Angus as an Advisor to the Board of Directors. Mr. Angus joins Mr. Sandy McVey and Dr. Tony Guo on the Advisory Board and will advise the Company on strategic and developmental matters relating to the Marudi Gold Project ("Marudi" or the "Property") located in the Guiana Shield, Guyana, South America.

Mr. Peter Berdusco, President and CEO states,

"With exploration and resource development moving forward at our Marudi Gold Project, the need to grow our team with industry experts has never been more important. Mr. Angus' extensive mining experience in the base and precious metals resource sectors brings to Marudi the required acumen needed for success. Having Mr. Angus available to us is invaluable. We welcome him onboard."

Robert Stuart (Tookie) Angus, LLB, Biography:

Mr. Angus is an independent business advisor to the mining industry and is presently Chairman of San Marco Resources Inc, K92 Mining Inc, and Kenadyr Mining (Holdings) Corp. He was formerly Head of the Global Mining Group for Fasken Martineau. For the past 40 years, Mr. Angus has focused on structuring and financing significant international exploration, development and mining ventures. More recently, he was managing Director of Mergers & Acquisitions for Endeavour Financial and was responsible for merger and acquisition mandates. Mr. Angus is the former Chairman of the Board of BC Sugar Refinery Limited, he was a Director of First Quantum Minerals until June 2005, a Director of Canico Resources Corporation until its takeover by Brazil's CVRD in 2005, a Director of Bema Gold Corp. until its takeover by Kinross Gold Corporation in 2007, a Director of Ventana Gold Corp. until its takeover by AUX Canada Acquisition Inc. in 2011 and a Director of Plutonic Power Corporation until its merger with Magma Energy Corp. in 2011. He resigned June 30, 2017 as Chair of Nevsun Resources Ltd following its acquisition of Reservoir Minerals.

About the Marudi Gold Project

The Company is developing the Marudi Gold Project which has an 17-mining license is located in Guyana, South America. There has been historic diamond drilling completed on the project by prior operators that have delineated two zones of mineralization: Mazoa Hill and Marudi North zones. The Company has completed a mineral resource estimate on the Mazoa Hill zone containing 259,100 indicated gold ounces within 4,428,000 tonnes grading 1.8 g/t and 86,200 inferred gold ounces within 1,653,000 tonnes grading 1.6 g/t. The Company has recently discovered a third mineralized zone: Toucan Ridge. There exists excellent exploration upside for the further discovery of mineralized zones through the development of previously and newly identified mineralized bedrock targets on the project.

For information concerning the mineral resource estimate and the project, readers are encouraged to review "Technical Report: Marudi Property Mazoa Hill Mineral Resource Estimate", a technical report prepared for the Company by Global Mineral Resource Services and is available at: GYA Mazoa Hill Zone 43-101 and under the Company's profile on SEDAR www.sedar.com.

About Guyana

The Republic of Guyana is located in South America adjacent to Suriname. The country is English speaking and under British Common Law with a democratically-elected government. It has an established mining act and a rich history of gold production. In 2016, 690,000 ounces of gold was produced by operators mining in the country. The Fraser Institute's 2016 Annual Survey of Mining listed Guyana as the third best mining jurisdiction with regards to investment attractiveness in the Latin America and Caribbean Basin sub-group. The Guiana Shield is the geographic gold-hosting region, and is world-recognized as a premier gold region that is highly prospective, under-explored and has geological continuity with West Africa.* In 2016, two mines in Guyana declared the commencement of commercial production: the Aurora deposit (Guyana Goldfields) and the Karouni deposit (Troy Resources).

* Independent Technical and Environmental Review Karouni Gold Project - Guyana, Behre Dolbear Australia Pty Ltd, April 29, 2016

On behalf of the Board of Directors of

GUYANA GOLDSTRIKE INC.

Peter Berdusco

President and Chief Executive Officer

https://guyanagoldstrike.com/
 
Former Senior Vice President of Ivanhoe Mining ltd. Joins Guyana Goldstrike


World Class Mining Executive Appointed-Former Senior Vice President of Ivanhoe Mining Joins Guyana Goldstrike



Guyana Goldstrike Inc. (TSXV: GYA) (OTC:GYNAF) (FSE:1ZT) announced that Mr. Edward Rochette has joined their Board of Directors. Mr. Rochette is best known in the mining industry in his role of Senior Vice President of Ivanhoe Mining ltd. where he spent 25 years negotiating and acquiring various projects in over 35 countries. Mr. Rochette presently consults for Mr. Robert Friedland, founder and Executive Co-Chairman of Ivanhoe Mines Ltd., conducting mineral acquisitions in Utah, Nevada, Arizona and China.


https://www.guyanagoldstrike.com/

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