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Intersects 3.29 g/t Au over 8.40 Metres within 19.80 Metres of 1.87 g/t Au in Trench TTR-18-09 at Toucan Ridge Area, Marudi Gold Project, Guyana


Marudi Trenching Program 9


Guyana Goldstrike Inc. (GYA.V) has released assay results from trench TTR-18-9 at the Toucan Ridge area on its Marudi gold project located in the Guiana gold belt, Guyana, South America.

Trench TTR-18-9 assays returned 3.29 grams per tonne gold over 8.40 metres within 19.80 metres of 1.87 g/t Au. The trench is located approximately 300 metres eastward of trench TTR-18-06 along Toucan Ridge. In total, 298.30 metres have been excavated, sampled and mapped. The results represent the final assays from trench TTR-18-09; additional assays are pending from Toucan Ridge trenches TTR-18-07 and TTR-18-08, and will be released once received and reviewed by the company.

Peter Berdusco, president and chief executive officer, states:

"We continue to be very pleased with our trenching at Toucan Ridge. Trench TTR-18-09 results have confirmed good grades with significant interval lengths, which are consistent with results received from previous trenching performed on the ridge this summer. The technical team will continue to step out and trench along the ridge's current 1.75-kilometre-long area of interest. We also look forward to the results of the recently completed airborne magnetic and radiometric survey that was performed over the entire 13,500-acre property. The survey will assist in further defining our current trenching targets and drill targets for our planned 2019 drill program."

Current gold zones and mineral resource estimate at Marudi

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 project's current mineral resource estimate. Data analyzed suggests that the mineralized zone is open at depth and to the southeast. Mazoa Hill zone mineral resource estimate:

  • 259,100 indicated gold ounces within 4,428,000 tonnes grading 1.8 g/t;
  • 86,200 inferred gold ounces within 1,653,000 tonnes grading 1.6 g/t.

Current trenching at Toucan Ridge -- 1.75-kilometre area of interest

A total of 1,112 metres of trenching have been completed in the Toucan Ridge area of the Marudi property. Three hundred ninety samples have been taken. The exploration team will continue along the ridge progressing in an eastward direction with each new trench site stepping out roughly in 100 metre intervals, mainly perpendicular to the ridge. The area of interest continues for more than 1.75 kilometres to the east of trench -- TTR-18-06. Trench sites are planned where quartzite-metachert is exposed or interpreted to occur beneath the transported overburden. The eastern part of Toucan Ridge is approximately 400 metres south of the Paunch area, which was trenched in May and returned the company's first significant gold discovery.