Selects Driller - Reports 23.5 g/t Gold at Marudi
Guyana Goldstrike Inc. (TSXV: GYA, OTC: GYNAF, FSE: 1ZT) announced that Bonga Xploration Drilling Ltd. of Vancouver, Canada has been selected as the driller to carry out diamond drilling at its Marudi Gold Project located within the Guiana Shield, Guyana, South America.
The Bonga Xploration team has visited the Property and has gained a full understanding of Guyana Goldstrike’s expectations for the upcoming program.
The drilling program will consist of up to 2,500 metres and could be extended for additional metres. This program will test and confirm at depth the gold associated and correlated to anomalous gold mineralization reported in the sampling results from surface trenching and the magnetic anomalies identified along the length of the 1.75 km Toucan Ridge area.
Further details on the drilling and exploration program will be released once the company has finalized all logistics and contracts.
In 2018, a total of 12 trenches totaling 2,458 metres were completed at Toucan Ridge.
Over 850 trench samples were assayed from the Toucan Ridge area returning grades as high as 23.5 g/t gold.
For more information on the Company’s exploration program, readers are encouraged to read the Company’s news release “Guyana Goldstrike Announces Phase Two Exploration Program of Drilling, Trenching and Geophysics at Marudi Gold Project, Guyana”, released on August 13th, 2019.
Highlights:
Potential for a Multi-Million Ounce Gold Project with a Mining License
Multiple New Gold Discoveries at Toucan Ridge
Guyana Goldstrike to Drill the 1.75 km Toucan Ridge area
Resource Funds Invested, 24.4 % Major Shareholder Zijin Funds to Participate in Equity Financing for the 2019 Drill-Program
Major Gold Companies Actively Scouting the Guiana Shield for Buy Outs or JV partnerships
Share Structure
58,452,037 Issued & Outstanding
Insiders & Close Associates 40%
Public Float 35.6 %
Zijin Funds 24.4%
www.guyanagoldstrike.com
