Reports 5.32 g/t Au over 3 meters within 44.5 m of 1.22 gt Au at Marudi
Guyana Goldstrike Inc. (GYA.V) reported assay results from Trench TTR-18-07 at the Toucan Ridge area on its Marudi Gold Project located in the Guiana Gold Belt, Guyana, South America.
TTR-18-07 was trenched for a total length of 243.30 metres and successfully exposed the quartzite-metachert (host rock) in place. Assay results are from samples taken in hard and slightly weathered host rock returning values of 5.32 g/t Au over 3.00 metres, within 44.50 metres of 1.22 g/t Au.
These represent the final assays from TTR-18-07. Additional assays are pending from trenches TTR-18-10 and TTR-18-11 and will be released once received and reviewed by the Company. The technical team continues to trench along Toucan Ridge progressing in an eastward direction.
Current Trenching at Toucan Ridge - 1.75 Kilometre Area of Interest
A total of 1748 metres of trenching has been completed and 518 samples taken at the Toucan Ridge area. The area of interest continues for more than 1.75 kilometres to the east of trench TTR-18-06. To date, a total of 7 trenches have been completed within the area of interest. Trench sites are planned where quartzite-metachert is exposed or interpreted to occur beneath the transported overburden.
Current Gold Zones and Mineral Resource Estimates 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 Estimates:
- 259,100 indicated gold ounces within 4,428,000 tonnes grading 1.80 g/t; and,
- 86,200 inferred gold ounces within 1,653,000 tonnes grading 1.60 g/t
2018 Trenching Results
2012 Drill Highlights
Shares Issued 52.4 M
52 week hi-lo $0.14 - $0.385