Gold Exploration in the Guiana Shield
Guyana Goldstrike Inc. (TSXV:GYA,OTC Pink:GYNAF,FWB:1ZT) is exploring and developing the advanced-stage Marudi gold project in Guyana, South America. Guyana Goldstrike holds an 17-year mining license for the property, which remains 85 percent unexplored. The property lies within the Guiana Shield which hosts numerous gold deposits and has geological continuity to West Africa. The Marudi project lies within the southern gold belt of the shield. The property is divided up into two developed zones and three exploration targets.
The two most developed areas of the property are Marudi North and Mazoa Hill. The Mazoa Hill zone, hosts a 2018 resource estimate that outlines an inferred resource of 86,200 ounces of gold grading 1.60 g/t gold and an indicated resource of 259,100 ounces of gold grading 1.80 g/t gold.
Guyana Goldstrike is focusing its efforts on the Toucan Ridge target. Over 2,000 meters of trenching has been completed to date at Toucan Ridge, and gold has been found in nine separate trenches. Mineralized interval lengths of up to 40 meters have been assayed and returned values up to 23.5 g/t gold.
In 2019, Guyana Goldstrike uncovered the second discovery area 2.3 kilometers northeast of Toucan Ridge. The new zone is geologically distinguishable from Toucan Ridge. Highlights from the company’s 2019 trenching program include 3.60 meters grading 4.28 g/t gold, 4.20 meters grading 3.8 g/t gold and six meters grading 1.46 g/t gold.
Guyana Goldstrike’s Company Highlights
- Holds a 17-year mining lease on the Marudi project.
- Marudi project is located in the Guiana Shield which hosts numerous gold deposits and has geological continuity to West Africa.
- Mazoa Hill zone hosts an inferred resource of 71,300 ounces of gold grading 2.20 g/t gold and an indicated resource of 224,900 ounces of gold grading 2.30 g/t gold.