5.4 G/T AU REPORTED IN TRENCH TTR-18-08 AT TOUCAN RIDGE AREA, MARUDI GOLD PROJECT, GUYANA
Guyana Goldstrike Inc. (GYA.V) released more assay results from trench TTR-18-08 at the Toucan Ridge area on its Marudi gold project located in the Guiana gold belt, Guyana, South America.
The second set of assay results from trench TTR-18-08 have returned values of up to 1.73 g/t. First batch assays announced on August 18, 2018 returned values of 1.22 g/t Au over 18.9 metres including 5.40 g/t Au over 3 metres. A total of 280 metres has been excavated, sampled and mapped, with multiple sections identified as bearing quartzite-metachert host rock with magnetite. Additional samples are pending from trench TTR-18-08 and will be released once received and reviewed by the Company.
Mr. Locke Goldsmith M Sc. P Eng. P Geo., VP Exploration states, "These results complement the previously announced assays from TTR-18-08 and I am pleased with the success we are having at this trench. The results are also from samples that were collected from the first hundred (100) metres trenched at TTR-18-08. The mineralized interval lengths when added together total thirty-three (33%) percent of this length. Also of note, TTR-18-08 was trenched at a depth of six to eight (6-8) metres below surface where the host rock quartzite meta-chert is exposed. Additional Assays are pending for this trench and our trenching program continues."
Current Zones and Mineral Resource Estimate
The Toucan Ridge area is located approximately one kilometre east of the Marudi North zone and one kilometre north of the Mazoa Hill zone. The Mazoa Hill zone contains the Marudi Gold Project's current mineral resource estimate. Data analyzed suggests that the mineralized zone is open at depth and to the southeast. Mineral Resource Estimate:
259,100 indicated gold ounces within 4,428,000 tonnes grading 1.8 g/t; and, 86,200 inferred gold ounces within 1,653,000 tonnes grading 1.6 g/t
Previous operators at Marudi reported 3,327.40 metres of trenching and assayed 1,069 samples with gold values assayed up to 11 g/t of gold. (Source: D. Strickland P. Geo NI 43-101 Technical Report, November 30, 2016)
About Guyana Goldstrike Inc.
Guyana Goldstrike Inc. is a Canadian based junior gold company focused on the exploration, development, and operation of the Marudi Gold Project in Guyana, South America.