Canadian mining firm, Guyana Goldstrike Inc., has finally received a report on the geophysical surveys that were recently conducted on its Marudi Gold Project located in the Guiana Gold Belt and, according to executives, the results are encouraging.
Guyana Goldstrike’s President, Peter Berdusco, said that the geophysics interpretation has greatly advanced the company’s understanding of the controls on gold mineralisation on the Marudi Gold Project and identifies priority targets to both significantly expand the known mineral resource and discover new occurrences. “These will be proceeded with immediately,” expressed Berdusco.
Further to this, Berdusco said that three types of geophysical targets have been identified for further investigation along the Mazoa Hill and Marudi North. He said that these will expand the known mineral resource. The President said that other targets are the Toucan Ridge exploration area and numerous magnetic anomalies of similar character across the Guiana Shield Property property.
Berdusco said that the geophysical interpretation report also recommends further analysis of multi-element targets and additional physical property measurements regarding density and radiometrics on the project’s core, all of which will aid in refining the exploration model.
Guyana Goldstrike has been developing the Marudi Gold Project under its 18-year mining license for over five years. Its property in the Guiana Shield Belt has three known gold bearing areas: the alluvial areas, the saprolite, and the underlying hard-rock.
According to the company, there have been 42,000 metres of historic diamond drilling (141 holes) completed on the project by prior operators that have delineated two zones of mineralisation: Mazoa Hill and Marudi North zones.