May 25, 2017 – Vancouver, British Columbia – Guyana Goldstrike Inc. (the “Company” or “Guyana Goldstrike”) (TSXV: GYA) is pleased to announce the launch of its corporate website.
The Company, in connection with its recent acquisition of Romanex Guyana Exploration Ltd., rebranding and name change from “Swift Resources Inc.” to “Guyana Goldstrike Inc.” is pleased to announce the launch of its corporate website, at www.guyanagoldstrike.com.
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 license consisting of approximately 13,500 hectares, is located 230 Km from the town of Lethem in southern Guyana. The property is surrounded by good infrastructure, 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 funded by Teck Resources. The Marudi property contains a historic non-compliant resource estimate of 960 Koz of Au. The estimate is derived from two main development sites: Mazoa Hill and Marudi North. Both developments site are open at depth and to the west for further exploration upside.
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 under-explored. Two mines have recently declared the commencement of commercial production in 2016: Aurora deposit (Guyana Goldfields) and the Karouni deposit (Troy Resources).
The historic estimates contained in this news release should not be relied upon. These estimates are not National Instrument 43-101 (“NI 43-101”) compliant. While the Company considers these historical estimates to be relevant to investors as it 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 estimate as current mineral resources.
On behalf of the Board of Directors of
GUYANA GOLDSTRIKE INC.
President and Chief Executive Officer
This news release may include forward-looking statements that are subject to risks and uncertainties. All statements within, other than statements of historical fact, are to be considered forward looking. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, continued availability of capital and financing, and general economic, market or business conditions. There can be no assurances that such statements will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. We do not assume any obligation to update any forward-looking statements except as required under the applicable laws.
Guyana GoldStrike Inc. (GYA.V) is a Canadian based junior gold producer focused on the exploration, development and operation of the Marudi Mountain Mining License in Guyana, South America.