Gold Fever replied the topic: NEWS Zijin Midas Exploration Fund Member Dr. Tony Gou P. Geo Appointed
Guyana Goldstrike Inc. Appoints Zijin Midas Exploration Fund Member Dr. Tony Gou P. Geo
Zijin Midas Exploration Fund - Strategic Investment Fund - Invests in Junior Mining Companies
Guyana Goldstrike (GYA.V) announced that it has appointed Dr. Yingting (Tony) Guo, P. Geo as an Advisor to the Board of Directors.
Dr. Guo is the founder and Chairman of the Association of Chinese Canadian Mining Professionals in Canada which aims to provide a technical and investment networking group for Chinese professionals in the mining industry in Canada and a member of the technical committee of the Zijin Midas Exploration Fund, a strategic investment fund that invests in junior mining companies. The fund's mandate is to invest strategically, and on a global basis, with a focus on exploration projects demonstrating potential for a large discovery.
"We are honored to have Dr. Guo as the first member of our Advisory Board and his expertise will provide a critical role in the advancement of our objectives at the Marudi Gold Project," stated Mr. Peter Berdusco, President and Chief Executive Officer of Guyana Goldstrike. "Our near-term focus will be the strategic exploration of high-priority mineralized targets on the property giving us an opportunity to add ounces beyond our historic resource estimate and the implementation and exploitation of our mining license", continued Mr. Berdusco.
Dr. Guo has over 30 years' experience in the mining industries having worked on mineral exploration and development projects/mines in China, Mongolia, Africa, US and Canada. His business expertise includes mineral resource exploration, estimation, development, assessment, acquisition and project management. He has worked for companies such as Jinshan Gold Mines, China Gold International, Behre Dolbear Group and is the founder and Chairman of the Association of Chinese Canadian Mining Professionals in Canada.
Dr. Guo holds a Bachelor of Science degree in geology from the Nanjing University and a doctoral degree in geology and exploration from the China University of Mining and Technology. He is a registered professional geoscientist in the Province of British Columbia, Canada, and a committee member of the Mining and Metallurgical Society of America.
About the Marudi Gold Project
The Marudi Gold Project is the Company's flagship project located in Guyana, South America. Marudi is unique in that it has three known gold bearing areas, specifically the alluvial areas, the saporlite overburden and the lower hard-rock. 42,000 metres of diamond drilling (141 holes) has been performed on the property's hard-rock by prior operators. This historical work has delineated multiple 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
and under the Company's profile on SEDAR www.sedar.com.*
There exists excellent exploration upside through exploration and 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 served 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 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 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 very under-explored. In 2016, two mines declared the commencement of commercial production: 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
Locke Goldsmith, M.Sc., P. Eng, P. Geo, Chief Geologist and Exploration Manager is the Company's Qualified Person for technical disclosure in accordance with National Instrument 43-101. Mr. Goldsmith has reviewed and approved the technical content of this news release.
Gold Fever replied the topic: Guyana Goldstrike to Create 3D Model For Gold Deposit
The Marudi Gold Project - Near Term Production
Engineers to Create New 3D Model from Drill Data
Goldstrike Inc. (GYA - TSX.V) announced on that it has retained the services of mining engineering firm MineIt Consulting Inc. to assist the Company in compiling, modelling and advancing the legacy geological data from the Marudi Gold Project located in Guyana, South America.
The legacy data contains over 40,000 metres of diamond drilling performed on the project by prior operators. The majority of the drilling was conducted on Marudi's two main development sites: Mazoa Hill and Marudi North. Both sites are open to mineralization in multiple directions and therefore favourable to further exploration and development. Mineit services will primarily assist the company in defining a comprehensive exploration program for these sites, focussing on drill target definition and mineralization expansion.
800,000 oz. Gold in Situ at Marudi
Marudi Gold Project
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 800,000 ounces of gold (Au) to be contained in the hard rock bedrock from the Mazoa Hill and Marudi North areas.
This is according Geological Report by R.P. Ilchik P. Geo dated March 2004 and contained in a 43-101 Report prepared by Derrick Strickland P. Geo dated November 30, 2016.
The Mazoa Hill area reported 4,700,000 tonnes, grading 5.0 g/t Au.
The Marudi North area reported 1,400,000 tonnes, grading 2.7 g/t Au.
Both areas of gold mineralization are open in several directions.
About the Marudi Gold Project
The Marudi Gold Project is the Company's flagship project located in Guyana, South America. It has had an extensive history of development and exploration completed by various past operators and explorers with over $30MM USD invested along with over 40,000 metres of diamond drilling completed. The Project has all season infrastructures with an established mining camp served by employees, service buildings, and a full-time mining manager.
Hoss replied the topic: President Donald Trump isn’t the only factor
Good article. I think Gold will soon break higher, probably mostly because US markets could get softer and that Korean guy is a loose cannon too. It won't take much $$ to come into the Gold market to see stocks like GYA double and more
Gold Fever replied the topic: President Donald Trump isn’t the only factor
President Donald Trump isn’t the only factor contributing to market jitters.
Gold’s getting ready for a breakout above $1,300 an ounce and it’s not just because of investor jitters tied to President Donald Trump.
“The Trump presidency is one element contributing to the generally nervous atmosphere as far as geopolitics are concerned—an important element, but not the whole picture,” said George Milling-Stanley, head of gold investment strategy at State Street Global Advisors.
Futures prices for gold are about 12% higher year to date, building on an 8.6% climb last year. On Thursday, December gold GCZ7, -0.16% rose 0.7% to settle at $1,292.40 an ounce.
But despite gold’s strength, it hasn’t managed to settle above $1,300 since early October of last year.
“Today’s markets are not reflecting any significant increase in investor perceptions of risk over last April,” said Milling-Stanley.
Gold has generally been trading in a range between about $1,150 and $1,350 since the spring of 2013, with occasional moves outside of that range which weren’t sustained.
To be sure, there have been day-to-day fluctuations in the price that may be attributable to something President Trump said or did, “but so far nothing has driven gold out of its trading range for longer than a short time,” he said.
Still, Milling-Stanley stands by his previous expectations for gold to top $1,300 by the end of this year or early next year. He also reiterated his forecast that prices may even trade between $1,350 and $1,400.
He said he’s even more convinced now of his outlook as “investor expectations for further interest-rate increases in calendar 2017 continue to diminish.”
And there’s so much more to the “very nervous environment within which financial markets, including gold, are currently operating,” said Milling-Stanley.
“Other important elements include Russian President “Vladimir Putin’s territorial ambitions, the increasing belligerence of North Korea, the deteriorating relationship with Iran, significant differences of opinion with many traditional allies of the U.S., the fact that American troops are at risk in Afghanistan and Iraq, the intractable problems of the Middle East—including but not limited to ISIS and al Qaeda, Syria, and the worsening situation between Israelis and Palestinians,” he said.
Added to all of that are continued uncertainties in Europe, with “Brexit being just one of the problems that needs to be addressed immediately,” Milling-Stanley said.
“It is the combination of all these factors that is supportive of safe-haven buying of gold,” he said.
There may even be a chance that gold will eclipse the highs of 2011—when prices which touched record intraday levels above $1,900 an ounce.
“There is always the possibility of a repeat of the inflows of speculative money that drove prices up $500 in just nine months in 2011,” said Milling-Stanley. “When that happens, it would be possible to see prices approach the highs of 2011, and perhaps even surpass them.”
Gambler replied the topic: Canadian Fund Sees Gold Rising to $1,400 an ounce by Year End
Nice news, I think the stock is a steal at these prices
Retains Engineering Firm for 3D Modelling of Previous Exploration Drill Data
Guyana Goldstrike Inc. (GYA.V) is pleased to announce that it has retained the services of mining engineering firm MineIt Consulting Inc. to assist the Company in compiling, modelling and advancing the legacy geological data from the Marudi Gold Project located in Guyana, South America.
The legacy data contains over 40,000 metres of diamond drilling performed on the project by prior operators. The majority of the drilling was conducted on Marudi’s two main development sites: Mazoa Hill and Marudi North. Both sites are open to mineralization in multiple directions and therefore favourable to further exploration and development. Mineit services will primarily assist the company in defining a comprehensive exploration program for these sites, focussing on drill target definition and mineralization expansion.
Mr. Peter Berdusco, President and Chief Executive Officer of Guyana Goldstrike stated, “We are pleased to be working with the highly technical and professional team at MineIT. They have extensive knowledge of our sector from discovery to production. We are now equipped to fast track a multi-phase exploration program on Marudi in an effort to expand on the historical gold ounces identified by prior operators.”
About MineIt Consulting Inc.
MineIt Consulting Inc. with offices located in Vancouver, BC, Canada, is a leading mining engineering consulting firm serving the Canadian mining industry. The company provides engineering services that include Mining Engineering, Project Evaluation, Geotechnical Engineering, and Process & Metallurgy services.
Past clients of MineIt include: • Goldcorp • Gold Standard • Terrane Metals • Victory Nickel • Thompson Creek • Riverside Resources • MX Gold • Anglo American • Alexco Resources • North American Tungsten
Gambler replied the topic: Canadian Fund Sees Gold Rising to $1,400 an ounce by Year End
2017-07-27 17:23 ET - News Release
Mr. Peter Berdusco reports
GUYANA GOLDSTRIKE ANNOUNCES OTC MARKETS GROUP LISTING
Effective immediately, Guyana Goldstrike Inc.'s common shares have commenced trading in the United States under the ticker symbol GYNAF.
The listing coincides with the company's continuing efforts to support its existing U.S. shareholder base and to facilitate trading in the OTC markets.
"This listing increases our access to, and visibility among, retail and institutional investors in the U.S. It will also provide additional liquidity for existing shareholders and new investors alike," commented Peter Berdusco, president and chief executive officer of Guyana Goldstrike.
The company has also pursued DTC eligibility to support electronic trading and expects that approval in the coming weeks. The company's common shares will continue to trade on the TSX Venture Exchange under the ticker symbol GYA.