Marudi has had a substantial amount of geological work completed by previous mining operators, such as Noranda Inc., Sutton Resources Ltd. and Vanessa Ventures Ltd. A total of over 42 000 m of historical diamond drilling equalling 141 drill holes has been performed on the property, of which 90 holes are represented in the modelling.
As a result of this prior exploration, Guyana Goldstrike has the benefit of a large data bank of geological information that has assisted the company in furthering its exploration objectives towards the goal of establishing a current mineral resource.
The company has reviewed this and other data, and has determined that both Marudi North and Mazoa Hill appear to be open to mineralisation in multiple directions and therefore favourable to further exploration and development. The Marudi property remains over 95% unexplored with a number of highly-prospective areas identified as a priority for further exploration and evaluation.
Peter Berdusco, President and CEO of Guyana Goldstrike stated: "We are very pleased with the modelling MineIt has produced. The data clearly demonstrates that significant gold mineralisation was encountered during the course of drilling over the years."
"We are now well positioned to build on this work and continue the exploration on Marudi, which we believe can fast track us to providing a new mineral resource estimate - this gives us a clear advantage when compared to many other exploration-stage juniors," Berdusco continued.