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
Guyana Goldstrike Inc. has released chip channel assay results from its exploration program at the Marudi gold 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 grams per tonne (g/t) gold (Au) across three metres within nine 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 continuing objective to expand the knowledge of the mineralized areas and their controls. Sample lengths do not represent true widths.
Locke Goldsmith, master of science, professional engineer, professional geoscientist, vice-president of 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 to 2020 planned phase 2 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;
Seven priority areas of interest -- Marudi Spur Ridge, Peace Creek, July Creek, Success Creek, Kimberley Ridge, East Marudi and Marudi northwest 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 three-dimensional geophysical interpretation west of the Mazoa Hill zone, that includes the target areas Pancake, Kimberley Ridge and Success Creek;
The company plans to relog and resample historic drill core from Mazoa Hill and Marudi North areas to standardize a new database;
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 licence 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 1,000 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 square kilometres 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.
Quality assurance/quality control/sampling and assaying
All samples collected were delivered by Guyana Goldstrike staff 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 of experience and maintains complete analytical laboratories that perform high-quality analysis for many industries around the world.
Qualified person
Locke Goldsmith, master of science, professional engineer, professional geoscientist, 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.
© 2019 Canjex Publishing Ltd. All rights reserved.
