15:23:05 EDT Fri 26 Apr 2024
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Guyana Goldstrike Inc
Symbol GYA
Shares Issued 29,047,271
Close 2017-05-25 C$ 0.255
Market Cap C$ 7,407,054
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Guyana Goldstrike launches corporate website

2017-05-25 14:53 ET - News Release

Mr. Peter Berdusco reports

GUYANA GOLDSTRIKE LAUNCHES CORPORATE WEBSITE

Guyana Goldstrike Inc., in connection with its recent acquisition of Romanex Guyana Exploration Ltd., rebranding and name change from Swift Resources Inc. to Guyana Goldstrike, has launched its corporate website.

The new website features up-to-date information on the company's flagship property, the Marudi gold project, as well as quick and easy access to in-depth information regarding the company, its management and board of directors, presentations, news releases, reports, and other relevant corporate information.

About the Marudi gold project

The Marudi gold project, a fully permitted mining licence consisting of approximately 13,500 hectares, is located 230 kilometres from the town of Lethem in southern Guyana. The property is surrounded by good infrastructure and an all-season road network with road access. The property was acquired in 1998 by Vanessa Ventures from Sutton Resources/Barrick, later acquired by Infinito Gold Ltd. and then Guyana Frontier Mining, where the project was financed by Teck Resources. The Marudi property contains a historical non-compliant resource estimate of 960,000 ounces of gold. The estimate is derived from two main development sites: Mazoa Hill and Marudi North. Both development sites are open at depth and to the west for further exploration upside.

About Guyana

The Republic of Guyana is located in South America between Venezuela and Suriname. The country is English speaking under British Common Law with a democratically elected government. It has an established mining act and rich history of gold production. In 2013, 458,000 ounces of gold were produced by operators mining in the country. The Guiana shield belt has 110 million ounces of gold inventory and is world recognized as a premier gold region. With geological continuity with West Africa, the shield is highly prospective and very underexplored. Two mines have recently declared the commencement of commercial production in 2016: the Aurora deposit (Guyana Goldfields) and the Karouni deposit (Troy Resources).

Historical estimates

The historical estimates contained in this news release should not be relied upon. These estimates are not National Instrument 43-101 compliant. While the company considers these historical estimates to be relevant to investors as they may indicate the presence of mineralization, a qualified person for the company has not done sufficient work to classify the historical estimates as current mineral resources as defined by NI 43-101, and the company is not treating these historical estimates as current mineral resources.

We seek Safe Harbor.

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