SAN FRANCISCO, Dec. 18, 2017 (GLOBE NEWSWIRE) — As two Guyana projects begin commercial gold production, a new mineral resource estimate is in the works for a third project.
Included in this article is: Guyana Goldstrike Inc. (TSX.V:GYA) (OTC:GYNAF) (FSE:1ZT)
As Guyana opens its borders to international investment, Guyana Goldstrike Inc. (TSX.V:GYA) (OTC:GYNAF) (FSE:1ZT) is updating its historical mineral resource estimate for Mazoa Hill Zone at the Marudi Gold Project.
Guyana Goldstrike announced on Nov. 21 that it has hired Global Mineral Resource Services to establish a new mineral resource estimate to be included in an NI 43-101 technical report. The company noted that there have already been 54 holes (9,666 meters) of diamond drilling completed on Mazoa Hill by previous owners, resulting in a historical mineral resource estimate.
A 2016 NI 43-101 Technical Report on the Marudi Property states that “The central zone, which includes Mazoa Hill, Peace Creek and Marudi Mountain, is characterized by fine gold associated with massive iron formation.”
Metallurgical studies “conducted between 1982 and 1995 indicate the mineralized rock is responsive to conventional cyanidation and pre-concentration by flotation or gravity methods and potentially amenable to heap leaching,” the report noted.
Continue reading this article: Guyana Shield Is Host to Multiple Gold Deposits
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