To Complete and Deliver a 43-101 Mineral Resource Estimate for the Mazoa Hill Zone at the Marudi Gold Project
Guyana Goldstrike (GYA.V) announced it has entered into an agreement with Global Mineral Resource Services to complete and deliver a 43-101 mineral resource estimate report for the Mazoa Hill Zone at the Company's Marudi Gold Project, Guyana, South America.
The estimate will be disclosed within a technical report prepared in accordance with NI 43-101. There have been 9,666 metres of historic diamond drilling (54 holes) completed on Mazoa Hill by prior operators that resulted in a historical mineral resource estimate.
The strategy of the Company is to bring the historical work current and to continue to evaluate the Project for additional ounces from the current zones and through the discovery of new zones.
Guyana Goldstrike’s flagship project the Marudi Gold Project, reported some 880,000 ounces of gold (Au) to be contained in the hard rock bedrock from the Mazoa Hill and Marudi North areas.
This is according to historic estimates reported by R.P. Ilchik P. Geo in March 2004 and contained in a 43-101 Report prepared by Derrick Strickland P. Geo dated November 30, 2016.
Specifically, the Mazoa Hill area reported 4,700,000 tonnes, grading 5.0 g/t Au based on bench volumes and quartz outcrops.
The Marudi North area reported 1,400,000 tonnes, grading 2.7 g/t Au.
It is of special interest to Guyana Goldstrike that both areas of gold mineralization are open in several directions.
ABOUT THE MARUDI GOLD PROJECT
The Project, located in Guyana, South America, is unique in that it has three known gold bearing areas, specifically the alluvial areas, the saprorlite overburden, and the underlying hard-rock. There has been 42,000 metres of historic diamond drilling (141 holes) completed on the Project by prior operators. This work has delineated historical mineral resource estimates on the Project.
There exists excellent exploration upside through the development of previously identified, highly-prospective mineralized targets on the Project. The Project has a 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.
Website: www.guyanagoldstrike.com
