Announces Second Discovery of Area of Gold Host Rock Northeast of Toucan Ridge Area
Guyana Goldstrike Inc. (GYA.V) reported that their technical team has made a second discovery of quartzite-metachert (host rock) northeast of Toucan Ridge, on its Marudi Gold Project located in the Guiana Gold Belt, Guyana, South America.
A large quartzite-metachert (host rock) outcrop was identified. This outcrop is approximately 2,300 metres northeast of Toucan Ridge trench TTR-18-06 which is the westernmost trench at the Toucan Ridge area. It is also approximately 1,100 metres northeast of Toucan Ridge trench TTR-18-15, which is the location of a previously reported discovery of host rock at surface.
Please see the news release dated November 28, 2018 “Guyana Goldstrike Announces New Discovery of Quartzite-metachert (Host Rock) 350 metres East of Trench TTR-18-15, at Toucan Ridge, Marudi Gold Project, Guyana” for more details.
The technical team is of the opinion this discovery may present a new zone of potential gold mineralization and is geologically distinguishable from Toucan Ridge. This new area has been termed “East Marudi”.
Mineral Resource Estimates from the Mazoa Hill Zone
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
For further information please visit www.guyanagoldstrike.com