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Reports Assays of 3.28 g/t Au over 4.20 Metres and 1.29 g/t Au over 12.60 Metres

 

TTR 18 08 1485 Photo Marudi

 

Guyana Goldstrike Inc. (GYA.V) is pleased to reported assay results from Trenches TTR-18-11, TTR-18-12, and TTR-18-13 at the Toucan Ridge area on its Marudi Gold Project located in the Guiana Shield, Guyana, South America.

Trench TTR-18-11

TTR-18-11, located approximately 500 metres northeast of trench TTR-18-06 along Toucan Ridge, was trenched for a total length of 125.00 metres and 50 samples were taken. Quartzite-metachert (host rock) was exposed in place for two intervals with a total length of 56.40 metres. Assay results are from samples taken in hard and slightly weathered host rock. Assays returned values of 0.81 g/t Au over 6.00 metres, within 22.60 metres of 0.28 g/t Au, and 3.28 g/t Au over 4.20 metres within 23.80 metres of 0.61 g/t Au.



Note: Interval lengths do not represent true widths.

Trench TTR-18-12

Trench TTR-18-12, located approximately 500 metres northeast of trench TTR-18-06 along Toucan Ridge, was trenched a total length of 136.50 metres with 57 samples taken. It was trenched parallel to trench TTR-18-11 and was oriented to cross an outcrop of quartzite-metachert. Assay results are from samples taken in hard and slightly weathered host rock. Assays returned values of 1.29 g/t Au over 12.60 metres and 1.18 g/t Au over 9.00 metres, within 85.10 metres of 0.36 g/t Au. The interval length of 85.10 metres represents the trenching programs longest mineralized interval to date.



Note: Interval lengths do not represent true widths.

Trench TTR-18-13

TTR-18-13, also parallel to TTR-18-11 and 12, located approximately 500 metres northeast of trench TTR-18-06 along Toucan Ridge, was trenched for a total length of 137.90 metres with 55 samples taken. Assay results are from samples taken in hard and slightly weathered host rock. Assays returned values of 1.37 g/t Au aver 6.00 metres within 60.00 metres of 0.21 g/t Au.



Note: Interval lengths do not represent true widths.

Toucan Ridge Trenching

These represent the final assays from trenches TTR-18-11, TTR-18-12, and TTR-18-13. A total of 2023 metres has been trenched and 630 samples taken. The area of interest continues for more than 1.75 kilometres to the east of trench TTR-18-06. To date, a total of 12 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.

Please view below, " Table of Significant Gold Assay Results to Date" for a list of all trenching results on Toucan Ridge to date, and " Toucan Ridge Location Map " for the location of the Toucan Ridge area of interest and related trenches.

Current Gold Zones and Mineral Resource Estimates at Marudi

The Mazoa Hill Zone contains the Company's current mineral resource estimate. The Toucan Ridge area is located approximately one kilometre north of the Mazoa Hill zone. 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;

    - 86,200 inferred gold ounces within 1,653,000 tonnes grading 1.60 g/t

 

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