Nov 22 2017
To Complete and Deliver a Mineral Resource Estimate for the Mazoa Hill Zone at the Marudi Gold Project
Guyana Goldstrike announced it has entered into an agreement with Global Mineral Resource Services to complete and deliver a mineral resource estimate for the Mazoa Hill Zone at the Company's Marudi Gold Project, Guyana, South America.
The estimate will be disclosed within a technical report prepared in accordance with NI 43-101. There have been 9,666 metres of historic diamond drilling (54 holes) completed on Mazoa Hill by prior operators that resulted in a historical mineral resource estimate.
The strategy of the Company is to bring the historical work current and to continue to evaluate the Project for additional ounces from the current zones and through the discovery of new zones.
ABOUT THE MARUDI GOLD PROJECT
The Project, located in Guyana, South America, is unique in that it has three known gold bearing areas, specifically the alluvial areas, the saprorlite overburden, and the underlying hard-rock. There has been 42,000 metres of historic diamond drilling (141 holes) completed on the Project by prior operators. This work has delineated historical mineral resource estimates on the Project.
There exists excellent exploration upside through the development of previously identified, highly-prospective mineralized targets on the Project. The Project has a mining license in good standing, all-season road access, infrastructure in place, with an established mining camp serviced by employees, service buildings, and a full-time mining manager.
* The Company considers these estimates to be historical, and cautions that a Qualified Person has not done sufficient work to classify the historical estimates as current mineral resources or mineral reserves in accordance with National Instrument 43-101. The Company does consider these historical estimates to be relevant as they may indicate the presence of gold mineralization and favourable geology.
Source: www.guyanagoldstrike.com