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

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2 years 7 months 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

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2 years 8 months 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.

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2 years 8 months 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.

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2 years 8 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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2 years 8 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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2 years 8 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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2 years 8 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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2 years 8 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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2 years 8 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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2 years 8 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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2 years 8 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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2 years 8 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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