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

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1 year 3 months 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

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1 year 3 months 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

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1 year 3 months ago #119324 by alexgreat
alexgreat replied the topic: NEWS - GYA.V Guyana Goldstrike Gold Royalty Payments
yes looking good, was looking at Guyana Gold Board, their refining partner is Royal Canadian mint
www.nre.gov.gy/2017/07/28/team-from-the-...oversight-processes/

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1 year 3 months ago #119320 by DearJohn
DearJohn replied the topic: NEWS - GYA.V Guyana Goldstrike Gold Royalty Payments
Great news and I recently bought a position in this one, so good to see the stock moving up. I think doing this for Artisanal miners is great for the community

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1 year 3 months ago #119318 by Gold Fever
Gold Fever replied the topic: NEWS - GYA.V Guyana Goldstrike Gold Royalty Payments
Guyana Goldstrike Reports Gold Royalty Payments from Marudi



Guyana Goldstrike Inc. (TSXV: GYA, OTC: GYNAF, FSE: 1ZT) announced receiving royalty payments from alluvial mining on the Marudi Gold Project.

President and CEO, Mr. Peter Berdusco stated, “Marudi is a very unique mining project in that it hosts three separate gold bearing areas; the alluvial areas, saprolite overburden and the under-lying hard rock. Under a cooperative agreement artisanal miners have been given access to mine the alluvial areas of the Property in return for an in-kind royalty payment.” Mr. Berdusco continued, “The royalty payment will assist with offsetting the operational costs of the Marudi mining camp and other expenses making it a win-win for all involved.”

In the 6 months ending September 31, 2017 the small-scale alluvial miners (“Artisanal Miners”) recovered approximately 618.20 gross Au oz from mineralized material mined from the Property’s alluvial areas and artisanal alluvial tailings. This has resulted in a total of 61.82oz/Au paid as an in-kind 10% royalty to Romanex Guyana Exploration Ltd. (“Romanex”), the Guyanese operating subsidiary of Guyana Goldstrike. This royalty is paid under a cooperative agreement between Romanex and the Artisanal Miners.


On August 4, 2017 Romanex sold 30.57 oz/Au in the form of fines to the Guyana Gold Board, Georgetown for a price of $1269.30/oz USD and for a net sale of $35,686.00 USD after smelting costs, and a 5% royalty to the Government of Guyana. The gold was assayed at 97% purity.


On October 25, 2017 Romanex sold a further 31.25 oz/Au in the form of fines to the Guyana Gold Board for a price of $1275/oz USD and for a net sale of $36,487.00 USD after smelting costs and a 5% royalty to the Government of Guyana. The gold was assayed at 97% purity.

As a result of the August and October sales, total gold sales of $72,173.00 USD are reported for this period.

Romanex estimates that it has incurred approximately $9,750.00 USD of costs in connection with the supervision of activities which resulted in this royalty payment, and the preparation and transportation of gold to the Guyana Gold Board.

The Company first announced a gold royalty payment from Artisanal Mining in a news release dated June 14, 2017, which resulted in $106,490 USD in net sales. The payment represented a 6 month production period from October 1, 2016 to March 31, 2017. An unusually long rainy season which extended from May to August of this year accounts for the drop in production by the Artisanal Miners over this current reporting period.


About the Artisanal Mining


Through a cooperative agreement, Artisanal Miners have been given company-controlled access and oversight to work the alluvial areas (creeks, edges and new channels) of the Property; and also, the alluvial tailings that have been mined in the past by Artisanal Miners. A stipulation of the agreement is the requirement that the Artisanal Miners incorporate only those mining practices acceptable to the Environmental Protection Act of Guyana.


Under the agreement the Artisanal Miners pay Romanex an in-kind royalty equal to 10% of all gross gold produced. The intent under the agreement is to provide economic opportunity for Artisanal Miners in the local community, restore historic workings and creek channels and to generate some cash flow.


The decision to allow Artisanal Miners to commence small-scale mining on alluvial areas of the Property was a decision solely based on corporate social responsibility. The production of gold from the Property by the Artisanal Miners has not been based on a feasibility study nor are there any mineral resources or reserves identified in the area which is subject to the Artisanal Mining. The decision to mine is one made by the Artisanal Miners; the Company and Romanex acknowledge that there is increased uncertainty and economic and technical risks of failure associated with the actions of the Artisanal Miners.

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.

www.guyanagoldstrike.com

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1 year 3 months ago #119306 by JunglistGuy
JunglistGuy replied the topic: NEWS - GYA.V Guyana Goldstrike Completes 3D Modelling of Gold Assays and Drill
Yes looks good, I recently bought a position so waving the pom poms Go GYA

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1 year 3 months ago #119299 by Gambler
Gambler replied the topic: NEWS - GYA.V Guyana Goldstrike Completes 3D Modelling of Gold Assays and Drill
Check 3D model on web site, looks pretty cool

www.guyanagoldstrike.com/

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1 year 3 months ago #119293 by Gold Fever
Gold Fever replied the topic: NEWS - GYA.V Guyana Goldstrike Completes 3D Modelling of Gold Assays and Drill
3D Drilling Data to be Used to Establish a Current Gold Mineral Resource for Marudi Gold Project

Guyana Goldstrike (GYA.V) is pleased to announce that it has received the 3D modelling of legacy drill data from mining engineering firm MineIt Consulting Inc. (“MineIt”) on the Company’s Marudi Gold Project ("Marudi") located in Guyana, South America.

Marudi has had a substantial amount of geological work completed by previous mining operators, such as Noranda Inc., Sutton Resources Ltd., and Vanessa Ventures Ltd. A total of over 42,000 metres of historical diamond drilling equalling 141 drill holes has been performed on the property, of which 90 holes are represented in the modelling. As a result of this prior exploration, Guyana Goldstrike has the benefit of a large data bank of geological information that has assisted the Company in furthering its exploration objectives towards the goal of establishing a current mineral resource.

News Link: web.tmxmoney.com/article.php?newsid=7189...428072&qm_symbol=GYA

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1 year 3 months ago #119266 by JohnJacobs
JohnJacobs replied the topic: Good Gold Stock!!!
Guyana looks really good!! I am hoping there will be some news shortly. They sure have a very good Gold Project. I am hoping i can buy under 20 cents!

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1 year 3 months ago #119265 by JohnJacobs
JohnJacobs replied the topic: Good Gold Stock!!!
Guyana looks really good!! I am hoping there will be some news shortly. They sure have a very good Gold Project. I am hoping i can buy under 20 cents!

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1 year 4 months ago #118949 by WealthyPlumber
WealthyPlumber replied the topic: Newton Interviews Mr. Peter Berdusco, Guyana Goldstrike $GYA .V
Some great material in that interview. Long and strong

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1 year 4 months ago #118948 by GoldnBoy
GoldnBoy replied the topic: Guyana's Next Producing Gold Mine
Nice report and thanks for the link. I bought more on the dip so holding tight with decent position, I think this is still very cheap

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