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Share Structure (as of May 23, 2017) Issued and Outstanding (Basic) 29,047,271 Options (@25 cents) 2,900,000 Warrants 13,288,934 Issued and Outstanding (Fully Diluted) 45,236,205
The 13,500 Hectare Flagship Asset.
http://www.guyanagoldstrike.com/index.php/projects/marudi-gold-project The property was acquired in 1998 by Vanessa Ventures from Sutton Resources/Barrick, later it was acquired by Infinito Gold Ltd, and then Guyana Frontier Mining where the project was funded by Teck Resources. Guyana Frontier Mining was unable to maintain the mining license in good standing and the license was temporarily suspendered for lack of activity and reporting. The suspension was lifted in the fall of 2016 by the Guyana Geology and Mines Commission for the new Romanex Guyana Exploration Ltd (RGEL) ownership group. Subsequently RGEL was acquired by Guyana Goldstrike in early 2017 and now exists as an operating subsidiary of the company.
The Marudi property contains of a historic non-compliant resource estimate of 960 Koz of Au. The estimate is derived from two main development sites: Mazoa Hill and Marudi North. Both developments site are open at depth and to the west.
Other Miners in Guyana: GUYANA GOLDFIELDS - TSX: GUY - Aurora Mine - 120 Koz pa (will produce 160 Koz this year with saprolite mining boost 97% recovery)
June 14, 2017 / TheNewswire / Vancouver, British Columbia - Guyana Goldstrike Inc. (the "Company" or "Guyana Goldstrike") (TSXV: GYA) is pleased to announce 910 oz of gold has been mined and recovered by local small-scale alluvial miners (artisanal miners) on the Marudi Gold Project (the "Property").
"We are very proud of our accomplishments over such a short period of time" commented President and CEO, Peter Berdusco. "With the full support of the government and the local communities, the artisanal miners now have the opportunity to create income in an environment that adheres to acceptable mining practices" continued Mr. Berdusco. "Further to this, it allows us to immediately generate sales from alluvial areas that generally fall outside our potential mining model or area of interest. This definitely makes it a win-win for everyone involved."