RE:ALM.v $0.02ALM.V may be an opportunity... this one is a Diamond in the rough .... 2nd Gold Discovery of 2018 and drilling has not begun on a NEAR TERM PRODUCER
Highlights
• Mining Permit & License in good standing
• Operating Mining Camp and locals mine alluvial areas under a royalty agreement
• Zijin Mining Resource Funds Strategic Investors ($3.2M - 12.8M shares)
• 42,000 meters of drilling (141 holes) completed in historic exploration since 1985 by prior operators
• Mazoa Hill Deposit 43-101 resource indicated 259,100 gold ounces and inferred 86,200 gold ounces (excludes the Marudi North deposit)
• Only 5 % of the 54.6 sq km property explored, with nine areas of interest identified in the 5 % area
• Phase 1 work has returned gold surface values as high as 7.45 g/t gold and 107.5 meter gold bearing quartzite trench
• Planning a drilling program of up to 10,000 meters to delineate an additional 1 + Million ounce gold resource
About the Marudi Gold Project The Company is developing the Marudi Gold Project located in Guyana, South America, the project is unique in that it has a 18-year 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 Property has three known gold bearing areas, specifically the alluvial areas, the saprolite, and the underlying hard-rock.
There has been 42,000 metres of historic diamond drilling (141 holes) completed on the Project by prior operators. The Company has recently completed a mineral resource estimate on the Mazoa Hill zone containing 259,100 indicated gold ounces within 4,428,000 tonnes grading 1.8 grams/tonne (g/t) and 86,200 inferred gold ounces within 1,653,000 tonnes grading 1.60 grams/tonne (g/t). There exists excellent exploration upside through the development of previously identified mineralized bedrock targets on the Project.
52 week hi-lo $0.14 - $0.385
Shares Issued 52.4 M
Share Ownership Insiders + 30.0 M
Zijin Resource Funds 12.8 M
Symbols :
GYA - TSX Venture Exchange
GYNAF – OTC Markets USA
1ZT - Frankfurt Exchange
www.guyanagoldstrike.com