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Guyana Goldstrike Inc V.GYA

Guyana Goldstrike Inc. is a Canadian exploration company focused on acquiring, exploring and developing mineral resource properties. The Company does not have any revenue from its operations.


TSXV:GYA - Post by User

Post by Investor11on Jul 21, 2020 10:12pm
124 Views
Post# 31299742

Drill Targets at Toucan Ridge Discovery Area

Drill Targets at Toucan Ridge Discovery Area

Drill Targets at Toucan Ridge Discovery Area

 

Reported 6 m of 29.97 g/t Gold; within 72 m of 5.11 g/t Gold

 

 

A diamond drill program of up to 12 holes is planned and may be extended. The planned drill program will predominately focus on Toucan Ridge where a total of 2,458 metres of trenching was completed and 837 samples were taken.

 

Drill targets have been chosen from identified magnetic anomalies and gold assays from surface trenching and sampling of the quartzite-metachert host rock.

 

The specific drill locations will be in proximity to trenches TTR-18-7 and TTR-18-8, as priority targets, followed potentially by drilling trench areas TTR-18-9, TTR-18-11, TTR-18-12, and TTR-18-13.

 

In 2018, trenches TTR-18-7 and TTR-18-8 assayed grades as high as 7.2 g/t Au over 3 metres.

 

The first drill pads will be positioned to drill angled holes across the area of trenches TTR-18-7 and TTR-18-8 to an initial planned depth of 130 metres and a maximum depth of 200 metres.

 

In preparation for the next phase of exploration, the technical team has reviewed the legacy data, including drill assays, drill angles, collar location, grade and interval lengths from past drilling on the Property in order to further refine its exploration efforts at Marudi. The compilation of these historic drill assays will provide important information that the technical team will use to calibrate drilling on the Property.

 

The following assay highlights are from the Mazoa Hill Zone which is approximately one kilometre south west of the Toucan Ridge discovery area:

 

Drill Assay Highlights of Sutton Resources Diamond Drill Programs 1991-94 - Mazoa Hill Zone:

 

MR 91-068 - 6 metres of 29.97 g/t Au; within 72 metres of 5.11 g/t Au

 

MR 91-074 - 15 metres of 15.30 g/t Au; within 75.00 metres of 4.60 g/t Au

 

MR 94-102 - 52 metres of 4.06 g/t Au; within 190 metres of 2.39 g/t Au

 

MR 94-113 - 36 metres of 7.74 g/t Au; within 141 metres of 3.31 g/t Au

 

MR 94-115 - 45 metres of 10.82 g/t Au and 30 metres of 15.16 g/t Au; within 81 metres of 7.71 g/t Au

 

MR 94-120 - 12 metres of 16.65 g/t Au; within 57 metres of 4.51 g/t Au

 

 

 
          HIGHLIGHTS
 
  • Share Structure 58 M I/O (Jan 2020)
 
  • Zijin (HK) Resource Funds own 20% (invested $3.2M in 2018)
 
  • Advanced Exploration Project with 40,000 m drilling completed
 
  • Two Mineralized zones / deposits the Mazoa Hill & Marudi North
 
  • 43-101 Gold Resource of 345,700 oz  - Mazoa Hill zone / deposit
 
  • Near Surface Open Pit Mine Scenario
 
  • 13,500 acres (54 sq. kms) in size
 
  • 15 % of Project Explored to Date
 
  • New Discovered Area the 2.5 km Toucan Ridge trenched Sampled as high as 23.5 g/t gold
 
  • 21 Geophysical Targets Identified
 
  • Geophysics Showing More Depth and Lateral Extensions to Drill Targets
 
  • Driller Company Selected
 
  • Property Drill Ready
 
  • Mining Permit for Production in Place
 
  • Mining Camp in Place
 
 
Symbols: TSX.V - GYA   / OTC - GYNAF / Frankfurt - 1ZT
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