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Guyana Goldstrike Inc. - New Gold Producer (GYA.V)

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3 months 4 days ago - 3 months 4 days ago #120118 by Gold Fever
Gold Fever replied the topic: News - ANNOUNCES $3.2 MILLION STRATEGIC INVESTMENT
Guyana Goldstrike Inc.

News Release

$3.2 MILLION STRATEGIC INVESTMENT FROM ZIJIN GLOBAL FUND AND ZIJIN MIDAS EXPLORATION FUND LLC




www.guyanagoldstrike.com/index.php/news/2018-news-release/86-


About Zijin Mining Group Company Limited

Zijin Mining Group Company Limited was founded in 1986 and is a large-scale mining group headquartered in Shanghang County, Fujian Province, PRC.

It is the largest gold producer, the second largest copper producer, and a significant zinc, tungsten and iron ore producer in China.

The company trades on the Shanghai and Hong Kong stock exchanges and has a market capitalization of over US$9 billion. As of 2016 it held over US$12 billion in assets.

Zijin engages in the exploration, mining, processing, refining, production, the sale of gold, and other non-ferrous metals in Mainland China.

It primarily produces gold bullion; gold, copper, zinc, tungsten, lead, and iron concentrates; and copper cathodes, zinc bullion, vitriol, copper plate, silver, and tin.

Zijin has an extensive product portfolio of gold, copper, lead and zinc, tungsten, iron ore and other base metals and has interests and investments in 24 provinces across China and 9 ( now 10 with Guyana) foreign countries.

Zijin owns the Global Fund and the Zijin Midas Exploration fun. These funds are funded and operated by Zijin. Both funds have a mandate of investing in both production and exploration stage mining projects of exceptional merits worldwide.

In December 2017 Zijin − through its subsidiary, Gold Mountains (H.K.) International Mining Company Limited – completed a US$412 million investment for a 49.5% interest in Ivanhoe Mines’ Kamoa copper project in the Congo in western Africa.

In October 2017 Zijin and the Sprott Group of Companies made a $C6 million strategic investment into Skeena Resources for the development of the past-producing Snip mine in northwest BC, Canada

In May 2015 Zijin invested C$80 Million in Pretium Resources for the development into its Brucejack Project located in BC, Canada.

In 2014 Zijin acquired 50 per cent stake in the Porgera mine in Papua New Guinea through Barrick Gold Corp.’s Barrick (Niugini) Ltd.

According to Zijin its goal is to evolve into an international mining giant utilizing high-technology, and efficient and profitable operations. It adopted a “Three-Step Strategy”, first to be one of China’s top gold producers which it achieved in 2005, second to be a leader in the domestic mining industry achieved in 2009, and finally, to join the other first class global mining giants by 2020.

www.zijinmining.com/
Last Edit: 3 months 4 days ago by Gold Fever.

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3 months 3 weeks ago #119832 by Gold Fever
Gold Fever replied the topic: Guyana Goldstrike - Updated 43-101 Resource Estimate Report
Thanks & also

Gold Report

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3 months 3 weeks ago #119821 by DearJohn
DearJohn replied the topic: Guyana Goldstrike - Updated 43-101 Resource Estimate Report
Thanks Gold Fever, very good, the 3D view of the deposit was excellent, gives a good understanding of it. I put the video into the message here so readers can watch it right here

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4 months 9 hours ago #119802 by Gold Fever
Gold Fever replied the topic: Guyana Goldstrike - Updated 43-101 Resource Estimate Report
Guyana Goldstrike Updated 43-101 Reports over 300K Gold Ounces (indicated and inferred) at one zone called Mazoa Hill.

Releases New Project Video

iresourcenetwork.com/companies/guyana-goldstrike/




SEDAR LINK

www.sedar.com/DisplayCompanyDocuments.do...EN&issuerNo=00025706

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5 months 1 week ago - 5 months 1 week ago #119660 by Gold Fever
Gold Fever replied the topic: Guyana Goldstrike - NEWS- Looks to Cryptocurrencies for Funding Gold Mine
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Last Edit: 5 months 1 week ago by Gold Fever.

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5 months 1 week ago #119641 by Gold Fever
Gold Fever replied the topic: GUYANA GOLDSTRIKE CLOSES FIRST TRANCHE OF PRIVATE PLACEMENT
GUYANA GOLDSTRIKE CLOSES FIRST TRANCHE OF PRIVATE PLACEMENT


web.tmxmoney.com/article.php?newsid=6648...638169&qm_symbol=GYA

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5 months 2 weeks ago #119621 by Gambler
Gambler replied the topic: NEWS - Announces Exploration Program at Marudi
Thanks, I will tune in and will alert Ron to send out Webcast time

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5 months 2 weeks ago #119618 by Gold Fever
Gold Fever replied the topic: Mining Journal - Striking it right in Guyana

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5 months 3 weeks ago #119545 by davplan
davplan replied the topic: Fundamental Research Coverage with a Buy Rating
Very helpful. Thanks. have built a decent size position in this one.
Robin

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5 months 3 weeks ago #119543 by Gold Fever
Gold Fever replied the topic: Fundamental Research Coverage with a Buy Rating

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5 months 4 weeks ago #119528 by Gold Fever
Gold Fever replied the topic: Research ReportGuyana Goldstrike
Guyana Goldstrike Inc.

(TSXV: GYA / FSE: 1ZT / OTC: GYNAF)


Near-Term Production Potential and Exploration Upside


Sector/Industry: Junior Resource
Market Data (as of November 21, 2017)
Current Price C$0.30
Fair Value C$0.58
52 Week Range C$0.14 - C$0.37
Shares O/S 37,424,838
Market Cap C$11.23 mm

Investment Highlights

Guyana Goldstrike Inc. is advancing the Marudi Gold project in Guyana, South America.

Marudi has near-term production potential from the alluvial areas and the saprolite (thoroughly decomposed, weathered and porous rock) overlying a hardrock host. The project has an active mining license.

The company is currently generating revenues from a 10% royalty on artisanal mining on the project area. In the 12 months ended September 2017, a total of 1,528 oz were produced. GYA’s 10% royalty was US$178k.

A historic resource estimate (1995) on two mineralized zones (Mazoa Hill and Marudi North) total approximately 472 Koz of hard-rock gold.

The company has recently announced that it is converting the historic resource estimate of the Mazoa Hill zone into a NI 43-101 compliant resource. The company has also initiated a multi phase exploration program to expand the mineralization on the property through the discovery of new zones and areas.

The property has been subject to a total of 42,000 m (141 holes) of diamond drilling since 1946 by various entities, for a total exploration expenditure of approximately $30 million. 95% of Marudi is still unexplored.

Guyana is host to several large gold projects. The country’s annual gold production in 2016 was 690,000 oz.

Geology

Artisanal mining has been prevalent in the region for centuries. Most of the gold deposits in the Guiana Shield (covering 415,000 sq.km) lie within a northern belt that runs from Venezuela to French Guiana. Marudi is located south of this belt. The company’s management believes that Marudi is part of a previously unidentified southern gold belt.

Marudi holds Iron-Formation-hosted Gold (“IFG”) mineralization, such as the Musselwhite gold mine in Ontario, Canada, and the Homestake gold mine in South Dakota, U.S. The primary similarities with all these projects are the association between gold and iron sulfide minerals, the presence of gold bearing quartz veins and structures, the occurrence of deposits in structurally complex terranes, and the lack of lead and zinc enrichment.

The property is estimated to host three separate gold bearing areas - namely the alluvial areas, saprolite overburden, and the under-lying hard-rock. Management’s focus is to evaluate the near-term production of the alluvial areas and the saprolite overburden, expand the already identified hard-rock historic resource, and identify new mineralized zones and areas.

The project received a mining license in 2009. The license has a 20-year term, with an option to renew for an additional seven years. Romanex had applied for the license back in 2003. Romanex’s application consisted of an internal feasibility study, an Environmental Impact Statement and an Environmental Management Plan. The property is subject to a 5% ad valorem tax on gold, and 1.5% on all other minerals produced to the Government of Guyana.

Location

The Marudi Mountain Mining License, covering approximately 13,500 acres (over 50 sq. km), is 230 km from the town of Lethem in southern Guyana, 60 km east of the border with Brazil. Lethem is approximately 500 km from Georgetown (capital city). The closest village of Aishalton is 35 km from the project. The property is surrounded by good infrastructure,all-season road network with road access.



Historic Work and Resource Estimate

The property has been subject to a total of 42,000 m (141 holes) of diamond drilling since 1946 by various entities, for total exploration expenditures of approximately $30 million.

The project has a historic resource estimate on two mineralized zones – namely Mazoa Hill and Marudi North (1 km northwest of Mazoa Hill), as shown in the map which follows.

Both Marudi North and Mazoa Hill are estimated to be open in multiple directions, with over 95% of Marudi still unexplored. Management believes the project has potential for another 2+ Moz gold resource, in addition to the already known 1995 historic resource estimate of 472 Koz.

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5 months 4 weeks ago #119518 by Gold Fever
Gold Fever replied the topic: NEWS - GYA.V Guyana Goldstrike Completes 3D Modelling of Gold Assays and Drill
Historic drilling highlights from Mazoa Hill area are as follows:

Hole Location Depth (m) From (m) To (m) Interval (m) Gold (g/t)
MH 12-130 Mazoa Hill 68.3 59 65.5 6.5 14.85
including 1.5 51.7
MH 12-131 Mazoa Hill 270 75.5 109 33.6 1.86
including 1.1 13.96
116.7 142.3 25.6 3.71
including 6.2 10.5
MH 12-132 Mazoa Hill 201 47 84.5 37.5 2.59
including 11 5.85
92.37 134 41.6 1.73
including 1.4 11.5

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.

*NI 43-101 Technical Report
on the Marudi Property Guyana
by Derick Strickland P.Geo
November 30, 2016

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