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$gynaf..huge ask slap there!
Undervalued gold stock with a lot of upside
Bargain at these prices imo
bidders lined up at .055, ask super thin
Assets over $6m compared to $200k liabilities , market cap is lower than assets!
Low float play plus news plus gold moving.
Barrick or Newmont need to buy this out
"These chip-channel samples are important as they increase knowledge about structural controls of high-grade gold mineralization within the host strata. A better understanding of controls will enable us to more effectively target our drilling on areas with high-grade gold potential."
Easy double/triple from here
Mkt cap under $4M, seems very undervalued
Market Cap
3,799,382
10/03/2019
Shares Out
58,452,037
05/04/2019
with that low float, can get going quickly today
Excellent news out yesterday for $gynaf..thanks for posting it stockman69..
$GYNAF NEWS 10/3/2019
Guyana Goldstrike Reports 47.6 g/t Au over 3 metres within 9 metres of 21.2 g/t Au at Marudi Gold Project, Guyana
ACCESSWIRE ACCESSWIRE•October 3, 2019
VANCOUVER, CANADA / ACCESSWIRE / October 3, 2019 / Guyana Goldstrike Inc. (the "Company" or "Guyana Goldstrike") (TSXV:GYA, OTC PINK:GYNAF, FSE:1ZT) is pleased to provide chip-channel assay results from the Company's exploration program at the Marudi Gold Project ("Marudi" or the "Property", or the "Project") located in Guyana, South America.
Three chip-channel samples were collected from each of two attitudes of fracturing in oxidized quartzite-metachert (host rock) at the Mazoa Hill zone. Assays have returned values as high as 47.6 g/t Au across 3 metres within 9 metres of 21.2 g/t Au. Samples were oriented approximately horizontally on near vertical exposures across steeply dipping fractures.
The samples were taken by the Project geologist as part of the Company's ongoing objective to expand the knowledge of the mineralized areas and their controls. Sample lengths do not represent true widths.
Mr. Locke Goldsmith, M.Sc., P. Eng, P. Geo, VP Exploration states,
"These chip-channel samples are important as they increase knowledge about structural controls of high-grade gold mineralization within the host strata. A better understanding of controls will enable us to more effectively target our drilling on areas with high-grade gold potential."
Highlights of 2019-20 Planned Phase Two Exploration Program
Highlights of the second phase exploration program are below:
Diamond drilling of up to 2,500 metres at the newly discovered Toucan Ridge zone and other targeted areas that have been identified by geophysics, trenching and outcrops
7 priority areas of interest - Marudi Spur Ridge, Peace Creek, July Creek, Success Creek, Kimberley Ridge, East Marudi, and Marudi North West Extension areas are to be explored by mapping, sampling and trenching with potential confirmation drilling follow up
The Company will focus its initial trenching at Kimberley Ridge and Success Creek with the intention of generating new drill target areas
The Company will commission a 3D geophysical interpretation west of the Mazoa Hill zone, that includes the target areas: Pancake, Kimberley Ridge, and Success Creek
The Company plans to re-log and re-sample historic drill core from Mazoa Hill and Marudi North areas to standardize a new data base
Upon initial success from trenching and drilling the Company may elect to increase its diamond drilling program beyond 2,500 metres
Mazoa Hill Mineral Resource Estimate
The Mazoa Hill zone contains the Project's current mineral resource estimate. Data analyzed suggests that the mineralized zone is open in multiple directions including at depth.
About the Marudi Gold Project
The Company is developing the Marudi Gold Project, which has a 17-year mining license and is located in Guyana, South America. Historic diamond drilling completed on the Project by prior operators have delineated two zones of gold mineralization: Mazoa Hill and Marudi North zones. A mineral resource estimate has been completed on the Mazoa Hill Zone. Data analyzed suggests the zone is open to mineralization in multiple directions and at depth.
The Company has also recently discovered a third mineralized zone, called Toucan Ridge, which is situated about 1000 metres to the northeast of the Mazoa Hill Zone. In addition to the known gold deposits and the new Toucan Ridge zone, the company has over 45 sq. kms of underexplored land and believes the greater land position has excellent upside potential for the discovery of new mineralized zones through the development of previously and newly identified mineralized bedrock targets on the Project.
For information concerning the Mazoa Hill Zone Conceptual Pit Mineral Resource Estimate, 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 www.sedar.com.
QA-QC/Sampling and Assaying
All samples collected were delivered by Guyana Goldstrike personnel to Activation Laboratories Ltd. (Actlabs), located in Georgetown, Guyana. Actlabs is ISO 17025 accredited and an ISO 9001:2008 qualified and certified assayer that performs and makes available internal assaying controls. Actlabs has more than 25 years' experience and maintains complete analytical laboratories that perform high quality analysis for many industries around the world.
check this news out
Guyana Goldstrike Reports 47.6 g/t Au over 3 metres within 9 metres of 21.2 g/t Au at Marudi Gold Project, Guyana
VANCOUVER, CANADA / ACCESSWIRE / October 3, 2019 / Guyana Goldstrike Inc. (the "Company" or "Guyana Goldstrike") (TSXV:GYA, OTC PINK:GYNAF, FSE:1ZT) is pleased to provide chip-channel assay results from the Company's exploration program at the Marudi Gold Project ("Marudi" or the "Property", or the "Project") located in Guyana, South America.
https://www.accesswire.com/users/newswire/images/561894/image-20191003141428-2.png
Three chip-channel samples were collected from each of two attitudes of fracturing in oxidized quartzite-metachert (host rock) at the Mazoa Hill zone. Assays have returned values as high as 47.6 g/t Au across 3 metres within 9 metres of 21.2 g/t Au. Samples were oriented approximately horizontally on near vertical exposures across steeply dipping fractures.
The samples were taken by the Project geologist as part of the Company's ongoing objective to expand the knowledge of the mineralized areas and their controls. Sample lengths do not represent true widths.
Mr. Locke Goldsmith, M.Sc., P. Eng, P. Geo, VP Exploration states,
"These chip-channel samples are important as they increase knowledge about structural controls of high-grade gold mineralization within the host strata. A better understanding of controls will enable us to more effectively target our drilling on areas with high-grade gold potential."
Highlights of 2019-20 Planned Phase Two Exploration Program
Highlights of the second phase exploration program are below:
Diamond drilling of up to 2,500 metres at the newly discovered Toucan Ridge zone and other targeted areas that have been identified by geophysics, trenching and outcrops
7 priority areas of interest - Marudi Spur Ridge, Peace Creek, July Creek, Success Creek, Kimberley Ridge, East Marudi, and Marudi North West Extension areas are to be explored by mapping, sampling and trenching with potential confirmation drilling follow up
The Company will focus its initial trenching at Kimberley Ridge and Success Creek with the intention of generating new drill target areas
The Company will commission a 3D geophysical interpretation west of the Mazoa Hill zone, that includes the target areas: Pancake, Kimberley Ridge, and Success Creek
The Company plans to re-log and re-sample historic drill core from Mazoa Hill and Marudi North areas to standardize a new data base
Upon initial success from trenching and drilling the Company may elect to increase its diamond drilling program beyond 2,500 metres
Mazoa Hill Mineral Resource Estimate
The Mazoa Hill zone contains the Project's current mineral resource estimate. Data analyzed suggests that the mineralized zone is open in multiple directions including at depth.
https://www.accesswire.com/users/newswire/images/561894/image-20191003141348-1.jpeg
About the Marudi Gold Project
The Company is developing the Marudi Gold Project, which has a 17-year mining license and is located in Guyana, South America. Historic diamond drilling completed on the Project by prior operators have delineated two zones of gold mineralization: Mazoa Hill and Marudi North zones. A mineral resource estimate has been completed on the Mazoa Hill Zone. Data analyzed suggests the zone is open to mineralization in multiple directions and at depth.
The Company has also recently discovered a third mineralized zone, called Toucan Ridge, which is situated about 1000 metres to the northeast of the Mazoa Hill Zone. In addition to the known gold deposits and the new Toucan Ridge zone, the company has over 45 sq. kms of underexplored land and believes the greater land position has excellent upside potential for the discovery of new mineralized zones through the development of previously and newly identified mineralized bedrock targets on the Project.
For information concerning the Mazoa Hill Zone Conceptual Pit Mineral Resource Estimate, 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 www.sedar.com.
QA-QC/Sampling and Assaying
All samples collected were delivered by Guyana Goldstrike personnel to Activation Laboratories Ltd. (Actlabs), located in Georgetown, Guyana. Actlabs is ISO 17025 accredited and an ISO 9001:2008 qualified and certified assayer that performs and makes available internal assaying controls. Actlabs has more than 25 years' experience and maintains complete analytical laboratories that perform high quality analysis for many industries around the world.
Qualified Person
Locke Goldsmith, M.Sc., P. Eng, P. Geo, Chief Geologist and Exploration Manager for the Company, is a Qualified Person in accordance with National Instrument 43-101 - Standards of Disclosure for Mineral Projects. Mr. Goldsmith has reviewed and approved the scientific and technical content of this news release.
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).
$GYNAF followed you over to this board. Whats the word here? I see they had late news yesterday
$gynaf on alot of radars from what i hear..17 million float...could move up nicely here...
Good morning. Hope this don’t take off to fast. Still need a position
$gynaf...lots of chatter here overnight..great entry point here...
$GYNAF gold play with 17m float and news out EOD yesterday, on radar today
$gynaf..sold news out of late..flying under the radar..till now..definitely more eyes on it now after yesterday's news..
Thats right homeboy..$gynaf at these levels could see a big move here...
Gold is supposed to be the hottest sector in 2020. Especially in Canada. Really like this
Agreed stockman69..good to see you here..$gynaf..loved the update today..just the beginning here.
Just did on the news update. Figured I should grab a starter. Yep yep. Hearing huge run coming. ;)
$GYNAF
Damn u got 20k. I don’t even have a position yet ?????
$GYNAF $GYNAF $GYNAF $GYNAF
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$gynaf...gold plays heating up for good reason..company is very active..looks to be making great strides here..
Adding mañana. Only have 20k shares. :(. Need way more from what I’m hearing.
$GYNAF
Damn board lighting up. Guess I should have bought today WTF.
Love these low floaters, little volume and they can fly
Good catch, gold has been hot lately. Could see this one pop tomorrow
Hmmm, interesting. I’m going to do a little DD. It had me at 17 mil float
That’s it! Your right I think this could be the next one like that!
Looks real nice with 1.6 ounces of gold sample that's high grade gold.
I really like the low float of 17M.
Check out the website and the drills images and two deposits of gold, and there are many other targets that company believes have more gold.
Website
DCG$ I believe. This one could be next. Good to see you here too HB
Good to see you here Fubar! Another gold play, hey what was that one that just ran a couple thousand percent a few weeks back?
On watch, definitely worth a look. Exactly what I’m fixing to do. 17 mil float. Don’t see that everyday and certainly not down here
Wow damn. 17mil float? Thanks for the info. Will grab some. Was debating it anyway.
$gynaf..only 17 million float here...very small here..look for shares to be scooped up at these levels..
Guyana Goldstrike Reports 47.6 g/t Au over 3 metres within 9 metres of 21.2 g/t Au at Marudi Gold Project, Guyana
3:24 PM ET 10/3/19 | Dow Jones
VANCOUVER, CANADA / ACCESSWIRE / October 3, 2019 / Guyana Goldstrike Inc. (the "Company" or "Guyana Goldstrike") (TSXV:GYA, OTC PINK:GYNAF, FSE:1ZT) is pleased to provide chip-channel assay results from the Company's exploration program at the Marudi Gold Project ("Marudi" or the "Property", or the "Project") located in Guyana, South America.
Three chip-channel samples were collected from each of two attitudes of fracturing in oxidized quartzite-metachert (host rock) at the Mazoa Hill zone. Assays have returned values as high as 47.6 g/t Au across 3 metres within 9 metres of 21.2 g/t Au. Samples were oriented approximately horizontally on near vertical exposures across steeply dipping fractures.
The samples were taken by the Project geologist as part of the Company's ongoing objective to expand the knowledge of the mineralized areas and their controls. Sample lengths do not represent true widths.
Mr. Locke Goldsmith, M.Sc., P. Eng, P. Geo, VP Exploration states,
"These chip-channel samples are important as they increase knowledge about structural controls of high-grade gold mineralization within the host strata. A better understanding of controls will enable us to more effectively target our drilling on areas with high-grade gold potential."
Highlights of 2019-20 Planned Phase Two Exploration Program
Highlights of the second phase exploration program are below:
-- Diamond drilling of up to 2,500 metres at the newly discovered Toucan
Ridge zone and other targeted areas that have been identified by
geophysics, trenching and outcrops
-- 7 priority areas of interest - Marudi Spur Ridge, Peace Creek, July Creek,
Success Creek, Kimberley Ridge, East Marudi, and Marudi North West
Extension areas are to be explored by mapping, sampling and trenching
with potential confirmation drilling follow up
-- The Company will focus its initial trenching at Kimberley Ridge and
Success Creek with the intention of generating new drill target areas
-- The Company will commission a 3D geophysical interpretation west of the
Mazoa Hill zone, that includes the target areas: Pancake, Kimberley Ridge,
and Success Creek
-- The Company plans to re-log and re-sample historic drill core from Mazoa
Hill and Marudi North areas to standardize a new data base
-- Upon initial success from trenching and drilling the Company may elect to
increase its diamond drilling program beyond 2,500 metres
Mazoa Hill Mineral Resource Estimate
The Mazoa Hill zone contains the Project's current mineral resource estimate. Data analyzed suggests that the mineralized zone is open in multiple directions including at depth.
About the Marudi Gold Project
The Company is developing the Marudi Gold Project, which has a 17-year mining license and is located in Guyana, South America. Historic diamond drilling completed on the Project by prior operators have delineated two zones of gold mineralization: Mazoa Hill and Marudi North zones. A mineral resource estimate has been completed on the Mazoa Hill Zone. Data analyzed suggests the zone is open to mineralization in multiple directions and at depth.
The Company has also recently discovered a third mineralized zone, called Toucan Ridge, which is situated about 1000 metres to the northeast of the Mazoa Hill Zone. In addition to the known gold deposits and the new Toucan Ridge zone, the company has over 45 sq. kms of underexplored land and believes the greater land position has excellent upside potential for the discovery of new mineralized zones through the development of previously and newly identified mineralized bedrock targets on the Project.
For information concerning the Mazoa Hill Zone Conceptual Pit Mineral Resource Estimate, 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 www.sedar.com.
QA-QC/Sampling and Assaying
All samples collected were delivered by Guyana Goldstrike personnel to Activation Laboratories Ltd. (Actlabs), located in Georgetown, Guyana. Actlabs is ISO 17025 accredited and an ISO 9001:2008 qualified and certified assayer that performs and makes available internal assaying controls. Actlabs has more than 25 years' experience and maintains complete analytical laboratories that perform high quality analysis for many industries around the world.
Qualified Person
Locke Goldsmith, M.Sc., P. Eng, P. Geo, Chief Geologist and Exploration Manager for the Company, is a Qualified Person in accordance with National Instrument 43-101 - Standards of Disclosure for Mineral Projects. Mr. Goldsmith has reviewed and approved the scientific and technical content of this news release.
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).
On behalf of the Board of Directors of
GUYANA GOLDSTRIKE INC.
Peter Berdusco
President and Chief Executive Officer
CONTACT: 877-844-4661
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release may contain certain "Forward-Looking Statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. When used in this news release, the words "anticipate", "believe", "estimate", "expect", "target, "plan", "forecast", "may", "schedule" and other similar words or expressions identify forward-looking statements or information. These forward-looking statements or information may relate to future prices of commodities, accuracy of mineral or resource exploration activity, reserves or resources, regulatory or government requirements or approvals, the reliability of third party information, continued access to mineral properties or infrastructure, fluctuations in the market for gold, changes in exploration costs and government regulation in Guyana, status of artisanal mining activities and associated rights, and other factors or information. Such statements represent the Company's current views with respect to future events and are necessarily based upon a number of assumptions and estimates that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political and social risks, contingencies and uncertainties. Many factors, both known and unknown, could cause results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements. The Company does not intend, and does not assume any obligation, to update these forward-looking statements or information to reflect changes in assumptions or changes in circumstances or any other events affections such statements and information other than as required by applicable laws, rules and regulations.
SOURCE: Guyana GoldStrike Inc
View source version on accesswire.com:
https://www.accesswire.com/561894/Guyana-Goldstrike-Reports-476-gt-Au-over-3-metres-within-9-metres-of-212-gt-Au-at-Marudi-Gold-Project-Guyana
> Dow Jones Newswires
October 03, 2019 15:24 ET (19:24 GMT)
$gynaf...would expect to see volume tomorrow with news out late in the day..
$gynaf..just saw news hit the wire late in the day here...like what i see..
Like this one down here. Looking to grab a position. Noticed they had news today also
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Guyana Goldstrike Inc. (TSX.V:GYA, OTC:GYNAF, FSE:1ZT) is a Canadian gold mining company with an operational focus in the prolific Guiana Shield, a highly mineralised geological formation in South America. The company’s current asset is the Marudi Gold Project located in Guyana.
Strategic partner Gold Mountains Asset Management Limited, a wholly-owned subsidiary of Zijin Mining Group, owns a 24.4% equity position in the company through its two funds, Zijin Global Fund and Zijin Midas Exploration Fund LLC.
The project is 13,500 acres (54 sq. kms) in size, contains a mineral resource estimate, a mining license and remains 85% unexplored.
MARUDI GOLD PROJECT HIGHLIGHTSStrategic partner Gold Mountains Asset Management Limited, a wholly-owned subsidiary of Zijin Mining Group, owns a 24.4% equity position in the company through its two funds, Zijin Global Fund and Zijin Midas Exploration Fund LLC. 43-101 COMPLIANT RESOURCE ESTIMATE REPORT prepared G. Mosher P.Geo contained an Indicated 259,100 gold ounces within 4,428,000 tonnes grading 1.8 g/t, and contained an Inferred 86,200 gold ounces within 1,653,000 tonnes grading 1.6 g/t 42,000 METRES OF DIAMOND DRILLING (141 holes) in historic exploration since 1985 by prior operators EXCELLENT EXPLORATION UPSIDE – Near-term exploration planned to expand the current mineral resource estimate and discover additional ounces from previously and newly identified, highly-prospective mineralized targets in the property MINING LICENSE in Good Standing 100% OPTION TO PURCHASE THE PROJECT has been acquired by the company EXPERIENCED MANAGEMENT TEAM with over 14 years business experience in Guyana and a combined 120 years of mining and resource exploration experience |
Global Mineral Resource Services of Vancouver reported a NI 43-101 compliant mineral resource on behalf of Guyana Goldstrike Inc. See news release dated January 23, 2018
Share Structure ( April 15, 2019) | |
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Issued and Outstanding (Basic) | 58,452,037 |
Options (@25 cents) | 5,240,000 |
Warrants (@30 cents) (@35 cents) (@40 cents) | 5,192,500 13,900,000 560,668 |
Total Warrants | 24,115,520 |
Issued and Outstanding (Fully Diluted) | 87,807,557 |
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