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Guyana Goldfields Inc.
Summary
| Project: | Aurora | |
|---|---|---|
| Deposit: | East Walcott | |
| Location: | Guyana | |
| Commodities: | Gold | |
| Date: | 9/11/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 11-9-2018: Guyana Goldfields Inc. announces an Exploration/Drilling Update report for its East Walcott deposit at the Aurora project. Drilling results incl. 44.8m @ 9.09g/t Au from 205m. TORONTO, Sept. 11, 2018 /CNW/ - Guyana Goldfields Inc. (TSX: GUY) (t | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Daniel Noone (Internal) | |
| ABSTRACT: | TORONTO, Sept. 11, 2018 /CNW/ - Guyana Goldfields Inc. (TSX: GUY) (the "Company") is pleased to provide an exploration update from the diamond drill program currently underway at the East Walcott deposit in Guyana. The drill program is focused on the delineation of higher grade mineralization within East Walcott to assist with underground planning including finalizing the location of the second underground portal. Highlights from assay results from the first five holes (totalling 1,715m) of a planned 12 hole program drilled at East Walcott are as follows Scott Caldwell, President & CEO, stated, "We are extremely pleased with these initial drill results from East Walcott. The excellent grades encountered from this drill program compare very favourably to the average underground reserve grade at East Walcott of 2.90 g/t Au while the consistent and continuous nature of the mineralized zones demonstrate the very robust underground potential of this zone. We look forward to receiving the final assay results from East Walcott and evaluating further the preferred approach to accelerate the mining of this ore body." The East Walcott zone is located immediately adjacent to the main Rory's Knoll ore body at the Aurora Gold Mine ("Aurora") and is currently being mined in the Rory's Knoll open pit. Underground development at Aurora, which is due to commence in the fourth quarter of 2018, is anticipated to access the East Walcott zone toward the end of 2019. Given the limited amount of drilling at depth at East Walcott, the current drill program, consisting of 12 diamond drill holes for a total of 4,500 metres, was focused on gaining a better understanding of the geological controls, dimensions and continuity of higher grade mineralization at East Walcott to assist with underground planning efforts. | |
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