Tickers: XTSX:GYA, FRAA:1ZT, PINX:GYNAF
August 17, 2017 / TheNewswire / Vancouver, British Columbia - Guyana Goldstrike Inc. (the "Company" or "Guyana Goldstrike") (TSXV: GYA, OTC: GYNAF FSE:1ZT) is pleased to announce that it has retained the services of mining engineering firm MineIt Consulting Inc. ("Mineit") to assist the Company in compiling, modelling and advancing the legacy geological data from the Marudi Gold Project ("Marudi") located in Guyana, South America.
The legacy data contains over 40,000 metres of diamond drilling performed on the project by prior operators. The majority of the drilling was conducted on Marudi's two main development sites: Mazoa Hill and Marudi North. Both sites are open to mineralization in multiple directions and therefore favourable to further exploration and development. Mineit services will primarily assist the company in defining a comprehensive exploration program for these sites, focussing on drill target definition and mineralization expansion.
Mr. Peter Berdusco, President and Chief Executive Officer of Guyana Goldstrike stated, "We are pleased to be working with the highly technical and professional team at MineIT. They have extensive knowledge of our sector from discovery to production. We are now equipped to fast track a multi-phase exploration program on Marudi in an effort to expand on the historical gold ounces identified by prior operators."
About MineIt Consulting Inc.
MineIt Consulting Inc. with offices located in Vancouver, BC, Canada, is a leading mining engineering consulting firm serving the Canadian mining industry. The company provides engineering services that include Mining Engineering, Project Evaluation, Geotechnical Engineering, and Process & Metallurgy services.
Past clients of MineIt include: o Goldcorp o Gold Standard o Terrane Metals o Victory Nickel o Thompson Creek o Riverside Resources o MX Gold o Anglo American o Alexco Resources o North American Tungsten
About the Marudi Gold Project
The Marudi Gold Project is the Company's flagship project located in Guyana, South America. It has had an extensive history of exploration and development completed by past operators. The Marudi has all-season infrastructure including an established mining camp with permanent facilities, employees and a full-time camp manager.
The scientific and technical data contained in this news release pertaining to the Marudi Gold Project was reviewed and prepared under the supervision of Locke B. Goldsmith, P. Eng., P. Geo., a non-independent qualified person to Guyana Goldstrike who is responsible for ensuring that the geologic information provided in this news release is accurate and acts as a "Qualified Person" under National Instrument 43-101 Standards of Disclosure for Mineral Projects.
On behalf of the Board of Directors of
GUYANA GOLDSTRIKE INC.
President and Chief Executive Officer
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release may contain certain "Forward-Looking Statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. When used in this news release, the words "anticipate", "believe", "estimate", "expect", "target, "plan", "forecast", "may", "schedule" and other similar words or expressions identify forward-looking statements or information. These forward-looking statements or information may relate to future prices of commodities, accuracy of mineral or resource exploration activity, reserves or resources, regulatory or government requirements or approvals, the reliability of third party information, continued access to mineral properties or infrastructure, fluctuations in the market for gold, changes in exploration costs and government regulation in Guyana, status of artisanal mining activities and associated rights, and other factors or information. Such statements represent the Company's current views with respect to future events and are necessarily based upon a number of assumptions and estimates that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political and social risks, contingencies and uncertainties. Many factors, both known and unknown, could cause results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements. The Company does not intend, and does not assume any obligation, to update these forward-looking statements or information to reflect changes in assumptions or changes in circumstances or any other events affections such statements and information other than as required by applicable laws, rules and regulations.
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