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Canadian Gold Stocks
denpal
post Posted: Aug 24 2019, 07:29 PM
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I see I posted here in 2016 about First Majestic - have held these from $4.47 right up to $25 then back to $6 and currently it's $14.62......sold half in 2016 at $14 or so after missing the peak, but now it's looking very good again as per the chart. They are in the GDX index and still one of the purest play silver miners.

When the Gold/silver ratio reverts to the historical average of around 50:1 from the current 85:1 that will be an added tailwind for silver miners.

An interesting point is the ratio of First Majestic to the price of silver. The key point is that since the start of this year silver has increased 12% but the miner has increased 90%.
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Nopoo
post Posted: Mar 22 2019, 01:53 PM
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Guyana Goldstrike to Raise up to $2 Million in Private Placement

Zijin Resource Funds Participating in a Second Placement

https://guyanagoldstrike.com/news/2019-news...ivate-placement



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Nopoo
 
Nopoo
post Posted: May 10 2018, 02:11 PM
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In Reply To: Nopoo's post @ Feb 28 2018, 03:30 PM

$GYA.V $GYNAF – Trades up on NEWS Guyana Goldstrike Completes Trenching at Marudi

http://stockcharts.com/h-sc/ui?s=GYA.V

http://www.guyanagoldstrike.com/index.php/...-project-guyana



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Nopoo
 
Nopoo
post Posted: Feb 28 2018, 03:30 PM
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NEWS - Guyana Goldstrike Raises C$3,475,000 and Completes Strategic Investment with Zijin Global Fund and Zijin Midas Exploration Fund LLC

http://www.guyanagoldstrike.com/index.php/...ews-release/91-



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Nopoo
 
Nopoo
post Posted: Jan 25 2018, 01:35 AM
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Guyana Goldstrike Inc. (TSX.V:GYA / OTC:GYNAF)

Announces 43-101 Resource Estimate on Marudi Gold Project - Mazoa Hill Zone
& New Corporate Video on Website


Indicated: 259,100 gold ounces within 4,428,000 tonnes grading 1.80 g/t

Inferred: 86,200 gold ounces within 1,653,000 tonnes grading 1.60 g/t

Marudi Project Highlights:

Marudi Gold Project located in prolific Guiana Gold Belt of South America
Region contains over 110 Moz of inventory gold
GYA owns a 100% option to buy 13,500 acre property
Company has a 20 year mining permit
Mining Camp
Good Infrastucture
Marudi Gold Project has already generated over $1 Million USD for GYA from 910 oz of gold mined under a co-operative agreement with artisanal miners
5% of property has been explored
Has 3 gold bearing areas, Alluvial, Overburden Saporlite, Hard Rock
Targeting 1-2 Million ounces of gold resource

http://www.guyanagoldstrike.com/



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Nopoo
 
Nopoo
post Posted: Dec 14 2017, 12:54 AM
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$GYA.V Guyana Goldstrike – Looks to Cryptocurrencies for Funding Gold Mine



https://web.tmxmoney.com/article.php?newsid...p;qm_symbol=GYA




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Nopoo
 

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Nopoo
post Posted: Dec 12 2017, 09:17 AM
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GUYANA GOLDSTRIKE CLOSES FIRST TRANCHE OF PRIVATE PLACEMENT

https://web.tmxmoney.com/article.php?newsid...p;qm_symbol=GYA



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Nopoo
 
Nopoo
post Posted: Nov 25 2017, 12:49 AM
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Guyana Goldstrike - Near-Term Production Potential and Exploration Upside



Sector/Industry: Junior Resource

Market Data (as of November 21, 2017)

Current Price C$0.30

Fair Value C$0.58

52 Week Range C$0.14 - C$0.37

Shares O/S 37,424,838

Market Cap C$11.23 mm


Investment Highlights

Guyana Goldstrike Inc. is advancing the Marudi Gold project in Guyana, South America.

Marudi has near-term production potential from the alluvial areas and the saprolite (thoroughly decomposed, weathered and porous rock) overlying a hardrock host. The project has an active mining license.

The company is currently generating revenues from a 10% royalty on artisanal mining on the project area. In the 12 months ended September 2017, a total of 1,528 oz were produced. GYA’s 10% royalty was US$178k.

A historic resource estimate (1995) on two mineralized zones (Mazoa Hill and Marudi North) total approximately 472 Koz of hard-rock gold.

The company has recently announced that it is converting the historic resource estimate of the Mazoa Hill zone into a NI 43-101 compliant resource. The company has also initiated a multi phase exploration program to expand the mineralization on the property through the discovery of new zones and areas.

The property has been subject to a total of 42,000 m (141 holes) of diamond drilling since 1946 by various entities, for a total exploration expenditure of approximately $30 million. 95% of Marudi is still unexplored.

Guyana is host to several large gold projects. The country’s annual gold production in 2016 was 690,000 oz.

Geology

Artisanal mining has been prevalent in the region for centuries. Most of the gold deposits in the Guiana Shield (covering 415,000 sq.km) lie within a northern belt that runs from Venezuela to French Guiana. Marudi is located south of this belt. The company’s management believes that Marudi is part of a previously unidentified southern gold belt.

Marudi holds Iron-Formation-hosted Gold (“IFG”) mineralization, such as the Musselwhite gold mine in Ontario, Canada, and the Homestake gold mine in South Dakota, U.S. The primary similarities with all these projects are the association between gold and iron sulfide minerals, the presence of gold bearing quartz veins and structures, the occurrence of deposits in structurally complex terranes, and the lack of lead and zinc enrichment.

The property is estimated to host three separate gold bearing areas - namely the alluvial areas, saprolite overburden, and the under-lying hard-rock. Management’s focus is to evaluate the near-term production of the alluvial areas and the saprolite overburden, expand the already identified hard-rock historic resource, and identify new mineralized zones and areas.

The project received a mining license in 2009. The license has a 20-year term, with an option to renew for an additional seven years. Romanex had applied for the license back in 2003. Romanex’s application consisted of an internal feasibility study, an Environmental Impact Statement and an Environmental Management Plan. The property is subject to a 5% ad valorem tax on gold, and 1.5% on all other minerals produced to the Government of Guyana.


Location

The Marudi Mountain Mining License, covering approximately 13,500 acres (over 50 sq. km), is 230 km from the town of Lethem in southern Guyana, 60 km east of the border with Brazil. Lethem is approximately 500 km from Georgetown (capital city). The closest village of Aishalton is 35 km from the project. The property is surrounded by good infrastructure,all-season road network with road access.




Historic Work and Resource Estimate

The property has been subject to a total of 42,000 m (141 holes) of diamond drilling since 1946 by various entities, for total exploration expenditures of approximately $30 million.

The project has a historic resource estimate on two mineralized zones – namely Mazoa Hill and Marudi North (1 km northwest of Mazoa Hill), as shown in the map which follows.

Both Marudi North and Mazoa Hill are estimated to be open in multiple directions, with over 95% of Marudi still unexplored. Management believes the project has potential for another 2+ Moz gold resource, in addition to the already known 1995 historic resource estimate of 472 Koz.



www.guyanagoldstrike.com



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Nopoo
 
Nopoo
post Posted: Nov 2 2017, 01:11 AM
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In Reply To: Nopoo's post @ Oct 26 2017, 05:07 AM

Guyana Goldstrike Reports Gold Royalty Payments from Marudi



Guyana Goldstrike Inc. (TSXV: GYA, OTC: GYNAF, FSE: 1ZT) announced receiving royalty payments from alluvial mining on the Marudi Gold Project.

President and CEO, Mr. Peter Berdusco stated, “Marudi is a very unique mining project in that it hosts three separate gold bearing areas; the alluvial areas, saprolite overburden and the under-lying hard rock. Under a cooperative agreement artisanal miners have been given access to mine the alluvial areas of the Property in return for an in-kind royalty payment.” Mr. Berdusco continued, “The royalty payment will assist with offsetting the operational costs of the Marudi mining camp and other expenses making it a win-win for all involved.”

In the 6 months ending September 31, 2017 the small-scale alluvial miners (“Artisanal Miners”) recovered approximately 618.20 gross Au oz from mineralized material mined from the Property’s alluvial areas and artisanal alluvial tailings. This has resulted in a total of 61.82oz/Au paid as an in-kind 10% royalty to Romanex Guyana Exploration Ltd. (“Romanex”), the Guyanese operating subsidiary of Guyana Goldstrike. This royalty is paid under a cooperative agreement between Romanex and the Artisanal Miners.


On August 4, 2017 Romanex sold 30.57 oz/Au in the form of fines to the Guyana Gold Board, Georgetown for a price of $1269.30/oz USD and for a net sale of $35,686.00 USD after smelting costs, and a 5% royalty to the Government of Guyana. The gold was assayed at 97% purity.


On October 25, 2017 Romanex sold a further 31.25 oz/Au in the form of fines to the Guyana Gold Board for a price of $1275/oz USD and for a net sale of $36,487.00 USD after smelting costs and a 5% royalty to the Government of Guyana. The gold was assayed at 97% purity.


As a result of the August and October sales, total gold sales of $72,173.00 USD are reported for this period.


Romanex estimates that it has incurred approximately $9,750.00 USD of costs in connection with the supervision of activities which resulted in this royalty payment, and the preparation and transportation of gold to the Guyana Gold Board.


The Company first announced a gold royalty payment from Artisanal Mining in a news release dated June 14, 2017, which resulted in $106,490 USD in net sales. The payment represented a 6 month production period from October 1, 2016 to March 31, 2017. An unusually long rainy season which extended from May to August of this year accounts for the drop in production by the Artisanal Miners over this current reporting period.


About the Artisanal Mining


Through a cooperative agreement, Artisanal Miners have been given company-controlled access and oversight to work the alluvial areas (creeks, edges and new channels) of the Property; and also, the alluvial tailings that have been mined in the past by Artisanal Miners. A stipulation of the agreement is the requirement that the Artisanal Miners incorporate only those mining practices acceptable to the Environmental Protection Act of Guyana.


Under the agreement the Artisanal Miners pay Romanex an in-kind royalty equal to 10% of all gross gold produced. The intent under the agreement is to provide economic opportunity for Artisanal Miners in the local community, restore historic workings and creek channels and to generate some cash flow.


The decision to allow Artisanal Miners to commence small-scale mining on alluvial areas of the Property was a decision solely based on corporate social responsibility. The production of gold from the Property by the Artisanal Miners has not been based on a feasibility study nor are there any mineral resources or reserves identified in the area which is subject to the Artisanal Mining. The decision to mine is one made by the Artisanal Miners; the Company and Romanex acknowledge that there is increased uncertainty and economic and technical risks of failure associated with the actions of the Artisanal Miners.

Qualified Person

Locke Goldsmith, M.Sc., P. Eng, P. Geo, Chief Geologist and Exploration Manager for the Company, is a Qualified Person in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects. Mr. Goldsmith has reviewed and approved the scientific and technical content of this news release.


www.guyanagoldstrike.com





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Nopoo
 
Nopoo
post Posted: Oct 26 2017, 05:07 AM
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In Reply To: Nopoo's post @ Oct 11 2017, 01:03 AM

Mammoth Resources Announces Priority Drill Targets at Tenoriba


Diamond Drill Program High Priority Targets



Mammoth Resources Corp. (MTH.V) announced a diamond drill program from 8 to 24 high priority targets planned to commence in November 2017 on itsTenoriba gold-silver property in Chihuahua State, Mexico.

Mammoth has targeted its drill holes based on what it believes is a compelling combination of: (1) surface geology, (2) trace element geochemistry, (3) gold bearing samples from chip and cut channels over a large 15 square kilometre area of gold mineralization, (4) PIMA sampling results indicating proximity to high temperature geothermal activity coincident with surface gold values, and (5) a ground Induced Polarization (IP) and Magnetometer (Mag) geophysics survey which illustrates attractive geophysical features at depth coincident with surface gold mineralization, artisanal workings and in some cases intersected at depth by a predecessor company’s drilling (the highest grade intersection consisting of 45.9 grams/tonne gold over 1.9 metres in drill hole 7 and the lengthiest drill hole consisting of 34.4 metres grading 1.03 grams/tonne gold in drill hole 11 and 66 metres grading 0.5 grams/tonne gold in drill hole 14)

(for additional information on these results please feel free to reference the technical reports available on the Company’s website at the following link: http://www.mammothresources.ca/s/TechReports.asp.).

Mammoth intends to post a technical report on its drill target selection at the same “Technical Reports” location on the website in the coming days. A number of these drill hole locations are discussed and illustrated in the following commentary.

Thomas Atkins, President and CEO of Mammoth commented on the drill targeting stating: “We’ve completed the consolidation of all surface results from the various exploration activities on the property. This work has enabled Mammoth to identify what we feel are the most compelling drill targets to test gold mineralization over an approximate 6 kilometre strike length of surface gold mineralization within the High Sulphidation, precious metal mineralizing system at Tenoriba.

A unique feature to some of the proposed targets is they occur as extensions or within geological features where prior drilling intersected gold over tens of metres. At the time of the earlier drilling, those undertaking this drilling didn’t have the benefit of the geophysics survey recently completed by Mammoth. The geophysics survey which covers half of the property gives information on the characteristics of the geology below surface in areas where favourable surface geology and hundreds of gold samples have been collected over a large 15 square kilometre area of mineralization, the highest grade of which assayed 74 grams/tonne gold, with another approximate 10 samples averaging from 10 to 47 grams/tonne gold

Mammoth believes there is excellent potential for success in the proposed drill program given the combination of the surface geology and gold values correlating with geophysical features at depth, and especially where earlier drilling intersected gold over tens of metres in similar geophysical features as those targeted in the Company’s proposed program.”



www.mammothresources.ca




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Nopoo
 
 


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