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Guyana Goldstrike Inc.
Summary
| Project: | Marudi | |
|---|---|---|
| Deposit: | Mazoa Hill | |
| Location: | Guyana | |
| Commodities: | Gold | |
| Date: | 1/19/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 19-1-2018: Guyana Goldstrike Inc. announces a Resource Estimation report for its Mazoa Hill deposit at the Marudi project. Mineral Resource update for the project. Global Mineral Resource Services (GMRS) has been retained by Guyana Goldstrike Inc. (GGI) t | |
| Resources: | (Resource): 4.428Mt @ 1.9g/t Au (Ind.) and 1.653Mt @ 1.6g/t Au (Inf.) at Mazoa Hill | |
| CP/QP: | [Resources]: Gregory Z Mosher (Pacific Mining Consultants Inc.) | |
| ABSTRACT: | Global Mineral Resource Services (GMRS) has been retained by Guyana Goldstrike Inc. (GGI) to prepare a technical report on the Marudi Property (Property) located in Guyana, South America. The Property contains numerous gold occurrences, the most significant of which are the Mazoa Hill and Marudi North Zones. This report includes a Mineral Resource estimate for the Mazoa Hill Zone. The report has been written in compliance with National Instrument (NI) 43-101 and was prepared to disclose the Mazoa Hill Zone Mineral Resource estimate. The Property is comprised of one mining licence (ML1/2009) that is 13,502 acres (5,464 ha) in area. Three areas of “small claims” with an aggregate area of approximately 227 acres (92 ha) are located within the boundaries of the mining licence but are excluded from it. The mining licence is held in the name of Romanex Guyana Exploration Ltd., was issued on April 17, 2009 and is valid for a period of 20 years (April 17, 2029) with an extension of seven (7) years if desired. GGI has the right to acquire 100% ownership of Romanex Guyana Exploration Ltd. The Property is located in the Rupununi District of southwestern Guyana, approximately 500 kilometers (km) south of the capital Georgetown and approximately 60 km east of the international border with Brazil. The nearest community is Aishalton, 35 km to the northwest. The nearest community that is serviced by scheduled commercial flights is Lethem, approximately 200 km to the northwest of the Property. The Property is accessible by road from Georgetown via Lethem and Aishalton although the road is of variable quality and during the rainy season portions may become temporarily impassible. Access is also possible from Venezuela and Brazil. The nearest major community in Brazil is Boa Vista, a straight-line distance of approximately 180 km west of the Property | |
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