JOIN OUR MAILING LIST         

FSE: 1ZT    OTC: GYNAF   TSX.V: GYA

November 5, 2020 – Vancouver, Canada - Guyana Goldstrike Inc. (the “Company” or “Goldstrike”) (TSXV: GYA, OTC: GYNAF) is pleased to announce that the Company has signed a letter of intent (“LOI”) to review a portfolio of precious metals properties located in the Golden Triangle (Stewart, British Columbia) held by Granby Gold Ltd. (“Granby”), an arms-length private company.

Under the LOI, the Company intends to conduct a due diligence review of the three properties in consideration of a potential acquisition of one or more of the properties. At this time, no terms have been agreed to by the parties and completion of any transaction with Granby is subject to satisfactory due diligence and any required regulatory and third-party approvals.

A brief description of each property follows:

Alice Arm North

The Alice Arm North silver prospect is located approximately 50 km southeast of Stewart, British Columbia.  

The property comprises 16 mineral tenures, 100% owned by Granby, covering an area of approximately 842 hectares (8 sq. km). Hecla Canada Ltd. currently owns all claims that immediately surround the property.

The property is 9 km south of Dolly Varden Silver Corp’s Dolly Varden Mine and 14 km south of Fury Gold’s Homestake Ridge gold deposit.

San Diego

The San Diego gold and copper prospect is located 7 km northeast of Alice Arm and approximately 55 km southeast of Stewart, British Columbia.

The property comprises 5 mineral tenures, 100% owned by Granby, covering an area of approximately 769 hectares (7 sq km). 

The San Diego property lies at the southern end of a what is known as the Copper Belt, which is host to the Homestake Ridge, Vanguard and Red Point deposits.   

East Georgie

The East Georgie polymetallic prospect is located approximately 10 km southeast of Stewart, BC. The property comprises 69 mineral tenures, 100% owned by Granby, covering an area of approximately 10,841 hectares (108 sq km).

The property lies in the southeast part of a mineral belt along the eastern flank of the Coast Mountains. 

On behalf of the Board of Directors of

GUYANA GOLDSTRIKE INC.

Peter Berdusco
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 the status of the Annual Filings and the Interim Filings, the anticipated completion of these filings, 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.