Reports 880,000 ounces of Gold at Marudi Gold Project, Guyana, South America
Guyana Goldstrike’s (GYA.V) flagship project the Marudi Gold Project, reported some 880,000 ounces of gold (Au) to be contained in the hard rock quartz 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.
About the Marudi Gold Project
The Marudi Gold Project located 230 km from the town of Lethem in southern Guyana, is a fully permitted mining license consisting of approximately 13,500 hectares.
The property has good infrastructure with all season road access mainly through an open savannah.
The property was acquired in 1998 by Vanessa Ventures from Sutton Resources & Barrick.
Later it was acquired by Guyana Frontier Mining where the project was partially funded by Teck Resources.
There exists strong potential to increase the existing gold ounces through further exploration in the open areas interest.
The Republic of Guyana is 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 several 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 a geological continuity with West Africa, the shield is highly prospective and very under-explored.
In 2016, two mines were placed into commercial production: Aurora deposit (Guyana Goldfields) and the Karouni deposit (Troy Resources).
For further information and a copy of the 43-101 please visit www.guyanagoldstrike.com