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

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5 months 2 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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5 months 3 weeks 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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7 months 2 days ago - 7 months 2 days 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: 7 months 2 days ago by Gold Fever.

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7 months 4 days 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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7 months 1 week 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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7 months 1 week ago #119618 by Gold Fever
Gold Fever replied the topic: Mining Journal - Striking it right in Guyana

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7 months 2 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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7 months 2 weeks ago #119543 by Gold Fever
Gold Fever replied the topic: Fundamental Research Coverage with a Buy Rating

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7 months 3 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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7 months 3 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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7 months 3 weeks 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.
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7 months 4 weeks 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

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