Click' Login' then 'Don't have an Account ' and join $$Lounge for free

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

  • Gold Fever
  • Gold Fever's Avatar Topic Author
  • Offline
  • Premium Member
  • Premium Member
More
2 months 3 weeks ago #119543 by Gold Fever
Gold Fever replied the topic: Fundamental Research Coverage with a Buy Rating

Please Log in or Create an account to join the conversation.

  • Gold Fever
  • Gold Fever's Avatar Topic Author
  • Offline
  • Premium Member
  • Premium Member
More
2 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.

Please Log in or Create an account to join the conversation.

  • Gold Fever
  • Gold Fever's Avatar Topic Author
  • Offline
  • Premium Member
  • Premium Member
More
3 months 15 hours 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

Please Log in or Create an account to join the conversation.

More
3 months 2 days ago #119508 by Hoss
Hoss replied the topic: NEWS - GYA.V Guyana Goldstrike Completes 3D Modelling of Gold Assays and Drill
2017-11-21 14:45 ET - News Release


Mr. Peter Berdusco reports

GUYANA GOLDSTRIKE INITIATES WORK ON UPDATED MINERAL RESOURCE ESTIMATE FOR MAZOA HILL ZONE AT MARUDI GOLD PROJECT, GUYANA

Guyana Goldstrike Inc. has entered into an agreement with Global Mineral Resource Services to complete and deliver a mineral resource estimate for the Mazoa Hill zone at the company's Marudi gold project, Guyana, South America.

The estimate will be disclosed within a technical report prepared in accordance with NI 43-101. There have been 9,666 metres of historic diamond drilling (54 holes) completed on Mazoa Hill by prior operators that resulted in a historical mineral resource estimate.

The strategy of the company is to bring the historical work current and to continue to evaluate the Project for additional ounces from the current zones and through the discovery of new zones.

ABOUT THE MARUDI GOLD PROJECT

The Project, located in Guyana, South America, is unique in that it has three known gold bearing areas, specifically the alluvial areas , the saprorlite overburden, and the underlying hard-rock. There has been 42,000 metres of historic diamond drilling (141 holes) completed on the Project by prior operators. This work has delineated historical mineral resource estimates on the Project.

For information concerning these estimates and the Project, readers are encouraged to review "NI 43-101 Technical Report on the Marudi Property, Guyana", a technical report prepared for the Company by Derrick Strickland, P. Geo., and is available on the Company's website (

www.guyanagoldstrike.com/images/pdf/2016...November_30_2016.pdf ) and under the Company's profile on SEDAR ( www.sedar.com ).* There exists excellent exploration upside through the development of previously identified, highly-prospective mineralized targets on the Project. The Project has a mining license in good standing, all-season road access, infrastructure in place, with an established mining camp serviced by employees, service buildings, and a full-time mining manager.

* The Company considers these estimates to be historical, and cautions that a Qualified Person has not done sufficient work to classify the historical estimates as current mineral resources or mineral reserves in accordance with National Instrument 43-101

. The Company does consider these historical estimates to be relevant as they may indicate the presence of gold mineralization and favourable geology.
The following user(s) said Thank You: Gold Fever

Please Log in or Create an account to join the conversation.

  • Gold Fever
  • Gold Fever's Avatar Topic Author
  • Offline
  • Premium Member
  • Premium Member
More
3 months 1 week ago #119455 by Gold Fever
Gold Fever replied the topic: News - Guyana Goldstrike starts exploration at Marudi
Guyana Goldstrike Commences Phase One Exploration At Marudi Gold Project, Guyana



web.tmxmoney.com/article.php?newsid=4819...626277&qm_symbol=GYA

Please Log in or Create an account to join the conversation.

More
3 months 1 week ago #119425 by JunglistGuy
JunglistGuy replied the topic: NEWS - Announces Exploration Program at Marudi
November 14, 2017 / TheNewswire / Vancouver, Canada - Guyana Goldstrike Inc. (the "Company" or "Guyana Goldstrike") (TSXV: GYA, OTC: GYNAF, FSE: 1ZT) is pleased to announce that President and Chief Executive Officer Mr. Peter Berdusco will attend and present at the two-day Bally Capital Advisors' Swiss Mining Institute Investment Conference (the "SMI Conference") on November 23 and 24, 2017.

Bally Capital Advisors SA is a Swiss based Asset-manager founded in 2003 and is a member of the Swiss Association of Asset Managers (SAAM) and Groupement Patronal des Gerants de Patrimoines (GPGP).

The SMI Conferences are invitation-only events that include a select group of asset managers, fund managers and high-net worth individuals from Switzerland, France, Belgium and Germany. The two-day conference will be held in Zurich on November 23 and Geneva on November 24, with each day providing top quality, independent perspectives from experts within the resource sector together with presentations from the invitee mining companies.

"This will be our second attendance at the SMI conference - our first being earlier this year," stated Mr Peter Berdusco, President and Chief Executive Officer of the Company. "With an establishing shareholder based stemming from the first event, this is a great opportunity to not only provide a corporate update for our European shareholders, but to also further introduce the Marudi Gold Project to a new set of investors and fund managers." Mr. Berdusco continued, "Our attendance is an integral part of our continued commitment to expanding our shareholder base beyond the North American market and thereby creating a truly global reach for Guyana Goldstrike."

The Company will be presenting live via webcam and it encourages all shareholders and investors to please visit the Company's events section of the website at www.guyanagoldstrike.com/ index.php/investor/events for further information on webcast times.

Please Log in or Create an account to join the conversation.

More
3 months 2 weeks ago #119389 by Gambler
Gambler replied the topic: NEWS - Announces Exploration Program at Marudi
Great news looking forward to first results

Please Log in or Create an account to join the conversation.

  • Gold Fever
  • Gold Fever's Avatar Topic Author
  • Offline
  • Premium Member
  • Premium Member
More
3 months 2 weeks ago #119387 by Gold Fever
Gold Fever replied the topic: NEWS - Announces Exploration Program at Marudi
November 9, 2017 / TheNewswire / Vancouver, BC, Canada - Guyana Goldstrike Inc. (the "Company" or "Guyana Goldstrike") (TSXV: GYA, OTC: GYNAF, FSE: 1ZT) is pleased to announce details of a planned multi -phase exploration program on the Company's 13,500-hectare Marudi Gold Project in Guyana, South America (the "Property"). The primary objective of the program is to identify new hard-rock gold mineralization in an effort to expand beyond the Property's historic resource estimate.

HIGHLIGHTS OF THE EXPLORATION PROGRAM

- Up to 10,000 Metres of Diamond Drilling

- Up to 12,000 Metres of Trenching

- Detailed Rock, Soil and Core Sampling and Assaying

- Airborne Magnetic Survey over the entire Property

Mr. Locke Goldsmith, P.Eng., P.Geo., and Chief Geologist for the Company states, "It is exciting to be organizing a comprehensive exploration program that will see the Marudi Gold Project advance. Only five percent of the Property has been explored to date, and therefore the opportunity for new discoveries is very favourable."

Exploration Program Summary:

The multi-phase program will consist of a planned 12,000 metre excavator trenching and sampling program of targeted locations. It is anticipated to be followed by up to 10,000 metres of diamond drilling in areas where successful trenching and sampling has occurred. Assays will be performed on all samples from rock, soil and core.

An airborne magnetic and radiometric survey is also planned to be flown over the Property (13.5 sq. km) to ascertain a geophysical signature of the complete area. The metachert rock unit that hosts gold mineralization on the Property contains disseminated magnetite that will be detected by the survey. The data obtained from the survey will assist the Company in tracing the unit through areas of saprolite and identifying targeted sites for further exploration.

Marudi North and Mazoa Hill Mineralized Zones

The Company has been endowed with legacy data from previous operators which includes 141 holes (42,000 metres) of diamond drilling completed on the Property. The majority of the drilling was conducted on two main mineralized zones: Marudi North and Mazoa Hill. Both zones are open to mineralization in multiple directions and at depth, and therefore favorable to further exploration and development. The Company recently completed 3D modeling of both zones that allow rotation and viewing of the drill patterns in all directions. The 3D modelling can be viewed in full scale on the homepage of the Company's website: www.guyanagoldstrike.com . An objective of the exploration program will be the expansion and further definition of these two zones.

Property Geology

"The Marudi Property is underlain by Proterozoic metasediments of the Kwitaro Group and the younger Southern Guyana Granite Complex. The Kwitaro Group is mostly comprised of shallow water metasediments with interbedded basic volcanic strata which are metamorphosed to amphibolites facies (Berrange, 1972). The Southern Guyana Granite Complex is part of the tectono-thermal TransAmazonian Orogenic Cycle which resulted in block faulting, crustal shortening, folding, metamorphism, and anatexi (Hurley, et. al. 1967). Locally the Property is dominated by the Marudi Formation of the Kwitaro Group which includes a lower pelitic unit, a medial quartzite and meta-andesite unit with subordinate tuff and ironstone (the 'quartzite' unit). These rocks are overlain by a massive unit of orthoamphibolite (metabasalt). These metasedimentary and metavolcanic rocks have been subjected to upper greenschist and lower amphibolite grade regional metamorphism. The Marudi granodiorite lies mostly north of the north flank of Marudi Mountain. Metasedimentary and metavolcanic units at the Marudi Property have been complexly deformed with at least two local and three regional generations of folding recognized. Fold axes and beds have been offset by a significant northwest striking fault which cuts the Mazoa Hill anticline. Displacement on this fault is uncertain.

Gold mineralization at the Property is regarded as being related to iron-formation hosted gold deposits which occur in other cratonic greenstone belts. Iron-formation hosted gold deposits and occurrences can be divided into two sub-types: stratiform and non-stratiform. At the Marudi Property, all important gold mineralization discovered to date is associated with the medial 'quartzite' unit of the Marudi Mountain Formation. Gold occurs within the magnetite-hematite rich quartzite and in the magnetite-silicate iron formation." (Source: Strickland 2016, NI 43-101 Technical Report on the Marudi Property, Guyana).

The proposed exploration program on the Property will be completed in multiple phases, as working capital and financing are made available to the Company. The Company may also elect to alter subsequent phases of the program, based on the results and success of earlier phases. The Company will continue to provide corporate and exploration updates as the program develops.

The Company encourages all interested parties to visit the Company's website www.guyanagoldstrike.com for further information or contact the Company by telephone, 1.877.844.4661 or email, This email address is being protected from spambots. You need JavaScript enabled to view it..

Project Summary

The Marudi Gold Project (the "Project") is the Company's flagship project located in Guyana, South America. The Project is unique in that it has three known gold bearing areas, specifically the alluvial areas, the saprorlite overburden, and the underlying hard-rock. There has been 42,000 metres of historic diamond drilling (141 holes) completed on the Project by prior operators. This historical work has delineated historical mineral resource estimates on the Project.

For information concerning these estimates and the Project, readers are encouraged to review "NI 43-101 Technical Report on the Marudi Property, Guyana", a technical report prepared for the Company by Derrick Strickland, P. Geo., and is available on the Company's website ( www.guyanagoldstrike.com/images/pdf/2016...November_30_2016.pdf ) and under the Company's profile on SEDAR ( www.sedar.com ).*

There exists excellent exploration upside through the development of previously identified, highly-prospective mineralized targets on the Project. The Project has a mining license in good standing, all-season road access, infrastructure in place, with an established mining camp serviced by employees, service buildings, and a full-time mining manager.

* The Company considers these estimates to be historical, and cautions that a Qualified Person has not done sufficient work to classify the historical estimates as current mineral resources or mineral reserves in accordance with National Instrument 43-101. The Company does consider these historical estimates to be relevant as they may indicate the presence of gold mineralization and favourable geology.

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 between Venezuela and Suriname. The country is English speaking under British Common Law with a democratically elected government. It has an established mining act and a rich history of gold production. In 2013, 458,000 ounces of gold were produced by operators mining in the country. The Guiana Shield has over 100 million ounces of gold inventory and is world-recognized as a premier gold region.** With geological continuity with West Africa, the shield is highly prospective and under-explored. In 2016, two mines declared the commencement of commercial production: the Aurora deposit (Guyana Goldfields) and the Karouni deposit (Troy Resources).

** Independent Technical and Environmental Review Karouni Gold Project - Guyana, Behre Dolbear Australia Pty Ltd, April 29, 2016

Please Log in or Create an account to join the conversation.

  • Gold Fever
  • Gold Fever's Avatar Topic Author
  • Offline
  • Premium Member
  • Premium Member
More
3 months 2 weeks ago #119381 by Gold Fever
Gold Fever replied the topic: NEWS - BNN TV
GUYANA GOLDSTRIKE INITIATES MARKETING & INVESTOR AWARENESS CAMPAIGNS

Through BTV Business Television, Guyana Goldstrike Inc. has launched a branding and awareness campaign to begin on Business News Network (BNN).

www.b-tv.com/guyana-goldstrike-commercial-15sec/

BTV and CEO Clips will feature a short video spot on Guyana Goldstrike to be broadcast on BNN starting on Nov. 6 through to Nov. 19, 2017.

Peter Berdusco, president and chief executive officer of Guyana Goldstrike, stated: "The timing is appropriate to initiate a far-reaching branding and investor awareness campaign as it is in line with the Marudi gold project's progress and the company's business strategy. BNN is Canada's only television service devoted exclusively to delivering business and finance news to investors worldwide."

The company has also organized a series of coming European and North American investor conferences and events, which can all be viewed on the company's website.

Further news will be announced as the Marudi gold project continues to develop.

Please Log in or Create an account to join the conversation.

More
3 months 2 weeks ago #119372 by ron
ron replied the topic: NEWS - GYA.V Guyana Goldstrike Gold Royalty Payments
thanks Gold Fever,i like the share structure with only 37,5 million,i'm in at $0.25.

Please Log in or Create an account to join the conversation.

  • Gold Fever
  • Gold Fever's Avatar Topic Author
  • Offline
  • Premium Member
  • Premium Member
More
3 months 2 weeks ago #119367 by Gold Fever
Gold Fever replied the topic: NEWS - GYA.V Guyana Goldstrike Gold Royalty Payments
Guyana Goldstrike Inc. (GYA.V) recently had two significant News Releases. The impact in the market has been a strong movement in share price, climbing from a low of 17 cents to up to 32 cents to get within sight of the all-time high at 35 cents set on May 2, 2017

Technically, the stock price broke over its 50-day moving average on October 12, subsequently continuing the climb to the 200 day moving average two weeks later viewed as bullish trend.

With the surge in price per share, the 50 DMA is now rising towards the 200 DMA, holding a trajectory that likely will result in a bullish component, a sign of positive sentiment in the chart.

The Vancouver-based company received the 3D modeling of drill data at its Marudi Gold Project in Guyana, South America, created by the experts at Minelt Consulting. The 3D model is on display on Guyana Goldstrike’s home page, provides some color to the substantial historical work completed at Marudi by previous operators, including Noranda, Sutton Resources and Vanessa Ventures.

There have been 141 diamond drill holes completed totaling 42,000 meters of drilling. This gives the company a large data set to define upcoming drill targets in relatively concentrated areas of the project that by-large remains mostly unexplored. The 3D modeling focuses on 90 drill holes at Marudi North and Mazoa Hill, the two main mineralized zones at Marudi.

The data from these areas indicate that gold mineralization remains open in multiple directions, making them ideal targets for more exploration and development. Guyana Goldstrike chief executive Peter Berdusco said in a statement announcing the 3D modeling that the company is now able to fast track a new mineral resource estimate, a move that would give the company “a clear advantage when compared to many other exploration-stage juniors.”

Another area where it’s arguable that Guyana Goldstrike has an advantage over similar-size gold juniors is that the company currently generates revenue from its property. This is accomplished through a cooperative agreement with alluvial miners, granting them access to alluvial areas at Marudi under the oversight of the Romanex Guyana Exploration, the company’s operating Guyanese subsidiary.

In the six months ended September 30, 2017, the small-scale alluvial miners recovered about 618.2 ounces of gold from creeks, edges, new channels and tailings piles at the property. Per the agreement, Romanex receives 10 percent of the gross gold ounces for allowing the miners access. Romanex received 61.82 ounces of gold that assayed 97 percent purity.

In August, 30.57 ounces were sold in the form of gold fines to the Guyana Gold Board for $1,269.30 per ounce, followed by the sale of 31.25 ounces at $1,275.00 per ounce in October. After smelting expense and giving the Guyana government a 5 percent royalty, the company netted $72,173.00 from the sales.

In the last six months, gold sales brought in $106,490 to the company. Management said that the lower sales in the recent period was due to an unusually long rainy season that slowed gold production. It’s easy money that can be used to offset development expenses at the highly prospective gold project. And it’s part of a business model that Guyana Goldstrike is efficiently executing on, a fact the market seems to be recognizing and embracing the undiscovered value.

www.guyanagoldstrike.com

Please Log in or Create an account to join the conversation.

More
3 months 2 weeks ago #119358 by Gambler
Gambler replied the topic: NEWS - GYA.V Guyana Goldstrike Gold Royalty Payments
looks like we could make another high over 30 today

Please Log in or Create an account to join the conversation.

Moderators: RonS
Time to create page: 0.203 seconds

Login Form