EXPLORATION & DEVELOPMENT

Guyana plans geophysical survey

Follows high-grade trenching results

Staff reporter

This article is 6 years old. Images might not display.

It has appointed Canadian company Precision GeoSurveys to conduct the first detailed geophysical survey over its South American project.

Guyana Goldstrike has phase one exploration underway at Marudi of trenching, mapping and sampling at nine areas of interest, and has reported assays as high as 7.45g/t gold from surface trenching.

It believes Marudi's mineralisation is related to iron formation-hosted gold deposits, such as the former Homestake and Lupin mines and Goldcorp's Musselwhite mine, all in North America.

Its Marudi exploration programme was funded by a $3.2 million (US$2.5 million) strategic investment earlier this year by Zijin Mining's Gold Mountains Asset Management, giving it a 24.4% stake in the company.

The company also became one of five founding members in February of the Gold and Silver Ethereum Strategic Alliance, designed to provide a new method of funding via the crypto-token market.

The Marudi project has a mining licence and infrastructure including an established camp.

Guyana Goldstrike announced a resource for the Mazoa Hill zone in February of an indicated 4.4 million tonnes grading 1.8g/t gold for 259,100 ounces and an inferred 1.65Mt at 1.6g/t for 86,200oz.

The company's shares were unchanged on Friday, closing at C34c, near the upper end of its 52-week range of 14-38.5c and capitalising it at $17.8 million.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Journal Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Journal Intelligence team.

editions

Mining Journal Intelligence: Investor Sentiment Report 2025

Exclusive insights into the plans, priorities and preferences of 130+ mining investors and top factors influencing investment decisions in 2025.

editions

Mining Journal Intelligence World Risk Report 2024 (feat. MineHutte ratings)

A detailed analysis of mining investment risks across 117 jurisdictions globally, assessed across six risk categories and an industrywide survey.

editions

ESG Mining Company Index: Benchmarking the Future of Sustainable Mining

The ESG Mining Company Index report provides an in-depth evaluation of ESG performance of 61 of the world's largest mining companies. Using a robust framework, it assesses each company across 9 meticulously weighted indicators within 6 essential pillars.

editions

Mining Journal Intelligence Global Leadership Report 2024: Net Zero

Gain insights into decarbonisation trends and strategies from interviews with 20+ top mining executives and experts plus an industrywide survey.