Predicting 1 Million Ounce Gold Deposit At Marudi
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Posted On: 09/25/2018 11:00:14 AM
Predicting 1 Million Ounce Gold Deposit At Marudi Gold Projects, $GYNAF / $GYA Is An Under-the-Radar Potential Takeover Target
See Full Original Article: http://spotlightgrowth.com/index.php/2018/09/...er-target/
Guyana Goldstrike, Inc. (TSXV: GYA) (OTC Pink: GYNAF) is a Canada-based company that is focused on exploration and development of advanced gold mining projects.Founded in March 2017, Guyana Goldstrike, came about through Swift Resources, a Vancouver-based junior mining company. The company also acquired Romanex Guyana Exploration, Ltd., a privately-held exploration company incorporated in Guyana, South America.
Swift Resources had its management changed and then officially changed its name to Guyana Goldstrike, Inc.
Mining in the Mineral-Rich Guiana Shield Region
Guyana Goldstrike is currently focused on operations within The Guiana Shield region. This mineral rich area stretches over 415,000 square kilometers throughout South America including Guyana, Suriname, French Guiana, Venezuela, Colombia, and Brazil. Areas like these are known to have greenstone rock belts which can be found in regions around the world known for producing gold and other valuable minerals.
For several centuries The Guiana Shield region has been mined for gold deposits in methods that include surface artisanal mining and more complex extraction techniques like open pit’ and underground operations.
While the Guiana Shield region has been mined for generations, it is still considered under-explored compared to the West African Birimian Shield. For the last 15 years, countries in the West African Birimian region, which include Liberia, Cote d’Ivoire, Ghana, Burkina Faso, Guinea, and Mali, have been the center of the modern gold rush. Guyana Goldstrike’s focus on the mining in the Guiana Shield region positions the company to be a part of the already popular “gold rush” happening in Guyana.
Meet Guyana Goldstrike’s Flagship Project: Marudi Gold
The company’s flagship project is the Marudi Gold Project. Located in the Rupununi District in southwestern Guyana, the Marudi Gold Project is slated to join other companies that have experienced substantial mine developments in Guyana like Guyana Goldfield (TSX: GUY) with their producing 6.5 million-ounce Aurora mine.
According to a report released by the company, Marudi Project offers unique features that include its three gold bearing areas: the alluvial areas, the saprolite, and the underlying hard-rock.
The Company has been actively developing its Marudi Gold Project which has an 18-year mining license in good standing, all-season road access, infrastructure in place, with an established camp serviced by employees, service buildings, and a full-time camp manager.
The previous multi millions of dollars of investment and developments from prior operators on Marudi project included 42,000 meters of diamond drilling (141 holes) completed on the project that delineated two zones of mineralization: Mazoa Hill and Marudi North zones. The company has completed a compliant 43-101 mineral resource estimate on the Mazoa Hill zone, which is shown containing 259,100 indicated gold ounces within 4,428,000 tons grading 1.8 g/t and 86,200 inferred gold ounces within 1,653,000 tons grading 1.6 g/t. There exists excellent exploration upside through the development of previously and newly identified mineralized bedrock targets on the project.
Mazoa Hill and Marudi North Show Great Promise
The exploration has been focused on only five percent of the property in the Mazoa Hill and Marudi North zones and the surrounding areas.
In a statement released by the Guyana Golstrike, President and CEO Peter Berdusco explains the significance of Mazoa Hill and Marudi North zones. Berdusco said, “the resource estimate for Mazoa Hill is a Company milestone and a great step towards the further development of the Marudi Gold Project. The potential for additional ounces on the property is excellent when one considers the following factors: Mazoa Hill is open in a number of directions including at depth, the Marudi North Zone is also open in a number of directions and contains a historic resource estimate and lastly, only five percent of the entire property has ever been explored.”
Guyana Goldstrike plans to Expand to the Marudi Gold Project
As part of the Marudi Gold Project, the company plans to continue its exploration efforts to other areas including Kimberly Ridge, Marudi North (west and east extension), Paunch, Marudi Spur Ridge, Toucan North, Toucan Ridge, Pancake Creek, Mariwa Creek, and Success Creek.
Significant Gold Discoveries to Date
To date, the Company has trenched four areas of interest: Paunch, Pancake, Marudi-North West Extension and Toucan Ridge, the current area trenched.
In May 2018, trench samples from the Paunch area returned the program’s first significant gold discovery with high-grade assay results of 7.45 g/t and 5.98 g/t gold over 2 meters respectively.
In July 2018, samples at Toucan Ridge returned the trenching program’s second significant gold discovery with trench TTR-8-6 returning a total metallic weighted average assay of 1.27 g/t over 4.5 meters.
In August 2018, samples at Toucan Ridge from trench TTR-18-8 returned high-grade assay values of 1.38 g/t gold over 16 meters including 5.4 g/t gold over 3 meters.
In September 13, 2018 further reported initial assays of 0.69 g/t Au over 27 meters including 1.09 g/t Au over 9 meters in Trench TTR-18-7 at Toucan Ridge Area.
Marudi Gold is Predicted to Reach the 1 Million Ounce Gold Deposit Mark
Guyana Goldstrike has high hopes for the Marudi Project and has predicted that it can become a one-million-ounce gold deposit. A report released by the company states, with airborne magnetic surveys used to identify the anomalies, followed by targeted diamond drilling, the resource at Marudi could be expanded significantly over the next 12-16 months. As Guyana Goldstrike follows up grassroots exploration with diamond drilling, the size of the property and the location of the Marudi area in the Guiana Shield suggest the resource at Marudi could top 1+ million oz Gold.
Major Chinese Mining Company Zijin Invests in Guyana Goldstrike
In February 2018, Zijin Mining Group made a strategic investment in Guyana Goldstrike. Zijin is one of the largest gold producers in China and currently trades on the Shanghai and Hong Kong stock exchanges with a $18 billion market cap. Zijin is part of the ever-growing list of Chinese mining companies that have made their presence known on a global scale. In fact, in 2017, the company was 28th on the list of the world’s largest mining companies.
Zijin’s expertise and knowledge of the mining industry have assisted the company in making profitable investments. The company has made significant investments in Africa where opportunities for mining have been monumental in the last 15 years and now the company is moving their investments west to Guyana.
Zijin’s investment into Guyana Goldstrike was made with the intention of funding the expansion of the Marudi Gold Project.
According to a statement released by the company, proceeds from Zijin’s investment “will be used to advance the Company’s flagship Marudi Gold Project (“Marudi”) in Guyana, South America. The investment will allow the Company to fund its ongoing multi-phase exploration program at Marudi, involving up to 10,000 meters of diamond drilling and 12,000 meters of trenching.”
Zijin’s investment in the Guyana Goldstrike does not come as a surprise as China’s interest in gold continues to grow. China has been on what many are calling a gold buying spree since 2010. According to the country’s Census and Statistics Department, Chinese gold imports have increased by 700 percent between 2010 and 2016.
As trade relation tensions between the United States and China continue to brew on, some speculate that China is working to back its currency with gold. Should these speculations be correct, companies like Zijin may look to go beyond investing in mining companies like Guyana Goldstrike and look to full takeovers of projects like the Marudi gold project.
Earlier this month, Zijin made news when the company announced plans to purchase Nevsun Resources for $1.86 billion acquiring all issued and outstanding shares. Nevsun Resources is a Canada-based gold and copper mining company with projects in Northern African and Eastern Europe.
With operations in some of the most mineral-rich areas of the world, Zijin’s investment in Guyana Goldstrike is could be the proverbial “canary in the gold mine” for the company giving it a foothold in South America.
Disclaimer:
Spotlight Growth is compensated, either directly or via a third party, to provide investor relations services for its clients. Spotlight Growth creates exposure for companies through a customized marketing strategy, including design of promotional material, the drafting and editing of press releases and media placement.
All information on featured companies is provided by the companies profiled, or is available from public sources. Spotlight Growth and its employees are not a Registered Investment Advisor, Broker Dealer or a member of any association for other research providers in any jurisdiction whatsoever and we are not qualified to give financial advice. The information contained herein is based on external sources that Spotlight Growth believes to be reliable, but its accuracy is not guaranteed. Spotlight Growth may create reports and content that has been compensated by a company or third-parties, or for purposes of self-marketing. Spotlight Growth was compensated five thousand dollars cash by a third party for the creation and dissemination of this content.
This material does not represent an investment solicitation. Certain statements contained herein constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements may include, without limitation, statements with respect to the Company’s plans and objectives, projections, expectations and intentions. These forward-looking statements are based on current expectations, estimates and projections about the Company’s industry, management’s beliefs and certain assumptions made by management.
The above communication, the attachments and external Internet links provided are intended for informational purposes only and are not to be interpreted by the recipient as a solicitation to participate in securities offerings. Investments referenced may not be suitable for all investors and may not be permissible in certain jurisdictions.
Spotlight Growth and its affiliates, officers, directors, and employees may have bought or sold or may buy or sell shares in the companies discussed herein, which may be acquired prior, during or after the publication of these marketing materials. Spotlight Growth, its affiliates, officers, directors, and employees may sell the stock of said companies at any time and may profit in the event those shares rise in value. For more information on our disclosures, please visit: http://spotlightgrowth.com/index.php/disclosures/
See Full Original Article: http://spotlightgrowth.com/index.php/2018/09/...er-target/
Guyana Goldstrike, Inc. (TSXV: GYA) (OTC Pink: GYNAF) is a Canada-based company that is focused on exploration and development of advanced gold mining projects.Founded in March 2017, Guyana Goldstrike, came about through Swift Resources, a Vancouver-based junior mining company. The company also acquired Romanex Guyana Exploration, Ltd., a privately-held exploration company incorporated in Guyana, South America.
Swift Resources had its management changed and then officially changed its name to Guyana Goldstrike, Inc.
Mining in the Mineral-Rich Guiana Shield Region
Guyana Goldstrike is currently focused on operations within The Guiana Shield region. This mineral rich area stretches over 415,000 square kilometers throughout South America including Guyana, Suriname, French Guiana, Venezuela, Colombia, and Brazil. Areas like these are known to have greenstone rock belts which can be found in regions around the world known for producing gold and other valuable minerals.
For several centuries The Guiana Shield region has been mined for gold deposits in methods that include surface artisanal mining and more complex extraction techniques like open pit’ and underground operations.
While the Guiana Shield region has been mined for generations, it is still considered under-explored compared to the West African Birimian Shield. For the last 15 years, countries in the West African Birimian region, which include Liberia, Cote d’Ivoire, Ghana, Burkina Faso, Guinea, and Mali, have been the center of the modern gold rush. Guyana Goldstrike’s focus on the mining in the Guiana Shield region positions the company to be a part of the already popular “gold rush” happening in Guyana.
Meet Guyana Goldstrike’s Flagship Project: Marudi Gold
The company’s flagship project is the Marudi Gold Project. Located in the Rupununi District in southwestern Guyana, the Marudi Gold Project is slated to join other companies that have experienced substantial mine developments in Guyana like Guyana Goldfield (TSX: GUY) with their producing 6.5 million-ounce Aurora mine.
According to a report released by the company, Marudi Project offers unique features that include its three gold bearing areas: the alluvial areas, the saprolite, and the underlying hard-rock.
The Company has been actively developing its Marudi Gold Project which has an 18-year mining license in good standing, all-season road access, infrastructure in place, with an established camp serviced by employees, service buildings, and a full-time camp manager.
The previous multi millions of dollars of investment and developments from prior operators on Marudi project included 42,000 meters of diamond drilling (141 holes) completed on the project that delineated two zones of mineralization: Mazoa Hill and Marudi North zones. The company has completed a compliant 43-101 mineral resource estimate on the Mazoa Hill zone, which is shown containing 259,100 indicated gold ounces within 4,428,000 tons grading 1.8 g/t and 86,200 inferred gold ounces within 1,653,000 tons grading 1.6 g/t. There exists excellent exploration upside through the development of previously and newly identified mineralized bedrock targets on the project.
Mazoa Hill and Marudi North Show Great Promise
The exploration has been focused on only five percent of the property in the Mazoa Hill and Marudi North zones and the surrounding areas.
In a statement released by the Guyana Golstrike, President and CEO Peter Berdusco explains the significance of Mazoa Hill and Marudi North zones. Berdusco said, “the resource estimate for Mazoa Hill is a Company milestone and a great step towards the further development of the Marudi Gold Project. The potential for additional ounces on the property is excellent when one considers the following factors: Mazoa Hill is open in a number of directions including at depth, the Marudi North Zone is also open in a number of directions and contains a historic resource estimate and lastly, only five percent of the entire property has ever been explored.”
Guyana Goldstrike plans to Expand to the Marudi Gold Project
As part of the Marudi Gold Project, the company plans to continue its exploration efforts to other areas including Kimberly Ridge, Marudi North (west and east extension), Paunch, Marudi Spur Ridge, Toucan North, Toucan Ridge, Pancake Creek, Mariwa Creek, and Success Creek.
Significant Gold Discoveries to Date
To date, the Company has trenched four areas of interest: Paunch, Pancake, Marudi-North West Extension and Toucan Ridge, the current area trenched.
In May 2018, trench samples from the Paunch area returned the program’s first significant gold discovery with high-grade assay results of 7.45 g/t and 5.98 g/t gold over 2 meters respectively.
In July 2018, samples at Toucan Ridge returned the trenching program’s second significant gold discovery with trench TTR-8-6 returning a total metallic weighted average assay of 1.27 g/t over 4.5 meters.
In August 2018, samples at Toucan Ridge from trench TTR-18-8 returned high-grade assay values of 1.38 g/t gold over 16 meters including 5.4 g/t gold over 3 meters.
In September 13, 2018 further reported initial assays of 0.69 g/t Au over 27 meters including 1.09 g/t Au over 9 meters in Trench TTR-18-7 at Toucan Ridge Area.
Marudi Gold is Predicted to Reach the 1 Million Ounce Gold Deposit Mark
Guyana Goldstrike has high hopes for the Marudi Project and has predicted that it can become a one-million-ounce gold deposit. A report released by the company states, with airborne magnetic surveys used to identify the anomalies, followed by targeted diamond drilling, the resource at Marudi could be expanded significantly over the next 12-16 months. As Guyana Goldstrike follows up grassroots exploration with diamond drilling, the size of the property and the location of the Marudi area in the Guiana Shield suggest the resource at Marudi could top 1+ million oz Gold.
Major Chinese Mining Company Zijin Invests in Guyana Goldstrike
In February 2018, Zijin Mining Group made a strategic investment in Guyana Goldstrike. Zijin is one of the largest gold producers in China and currently trades on the Shanghai and Hong Kong stock exchanges with a $18 billion market cap. Zijin is part of the ever-growing list of Chinese mining companies that have made their presence known on a global scale. In fact, in 2017, the company was 28th on the list of the world’s largest mining companies.
Zijin’s expertise and knowledge of the mining industry have assisted the company in making profitable investments. The company has made significant investments in Africa where opportunities for mining have been monumental in the last 15 years and now the company is moving their investments west to Guyana.
Zijin’s investment into Guyana Goldstrike was made with the intention of funding the expansion of the Marudi Gold Project.
According to a statement released by the company, proceeds from Zijin’s investment “will be used to advance the Company’s flagship Marudi Gold Project (“Marudi”) in Guyana, South America. The investment will allow the Company to fund its ongoing multi-phase exploration program at Marudi, involving up to 10,000 meters of diamond drilling and 12,000 meters of trenching.”
Zijin’s investment in the Guyana Goldstrike does not come as a surprise as China’s interest in gold continues to grow. China has been on what many are calling a gold buying spree since 2010. According to the country’s Census and Statistics Department, Chinese gold imports have increased by 700 percent between 2010 and 2016.
As trade relation tensions between the United States and China continue to brew on, some speculate that China is working to back its currency with gold. Should these speculations be correct, companies like Zijin may look to go beyond investing in mining companies like Guyana Goldstrike and look to full takeovers of projects like the Marudi gold project.
Earlier this month, Zijin made news when the company announced plans to purchase Nevsun Resources for $1.86 billion acquiring all issued and outstanding shares. Nevsun Resources is a Canada-based gold and copper mining company with projects in Northern African and Eastern Europe.
With operations in some of the most mineral-rich areas of the world, Zijin’s investment in Guyana Goldstrike is could be the proverbial “canary in the gold mine” for the company giving it a foothold in South America.
Disclaimer:
Spotlight Growth is compensated, either directly or via a third party, to provide investor relations services for its clients. Spotlight Growth creates exposure for companies through a customized marketing strategy, including design of promotional material, the drafting and editing of press releases and media placement.
All information on featured companies is provided by the companies profiled, or is available from public sources. Spotlight Growth and its employees are not a Registered Investment Advisor, Broker Dealer or a member of any association for other research providers in any jurisdiction whatsoever and we are not qualified to give financial advice. The information contained herein is based on external sources that Spotlight Growth believes to be reliable, but its accuracy is not guaranteed. Spotlight Growth may create reports and content that has been compensated by a company or third-parties, or for purposes of self-marketing. Spotlight Growth was compensated five thousand dollars cash by a third party for the creation and dissemination of this content.
This material does not represent an investment solicitation. Certain statements contained herein constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements may include, without limitation, statements with respect to the Company’s plans and objectives, projections, expectations and intentions. These forward-looking statements are based on current expectations, estimates and projections about the Company’s industry, management’s beliefs and certain assumptions made by management.
The above communication, the attachments and external Internet links provided are intended for informational purposes only and are not to be interpreted by the recipient as a solicitation to participate in securities offerings. Investments referenced may not be suitable for all investors and may not be permissible in certain jurisdictions.
Spotlight Growth and its affiliates, officers, directors, and employees may have bought or sold or may buy or sell shares in the companies discussed herein, which may be acquired prior, during or after the publication of these marketing materials. Spotlight Growth, its affiliates, officers, directors, and employees may sell the stock of said companies at any time and may profit in the event those shares rise in value. For more information on our disclosures, please visit: http://spotlightgrowth.com/index.php/disclosures/
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