The Guyana Shield is a target for Barrick Gold and with 110 M ozs of inventory it makes sense for Barrick to take an interest.
"Barrick keen on Guyana Shield, Canada for exploration: executive"
Barrick already has invested in Reunion Gold ( $10M) and will be seeking other suitable gold jrs in the region.
Guyana Goldstrike Inc. (GYA.V) has a lot of attractive features which will attract Barrick.
Share Structure 53 M I/O (Jan 2019)
Hong Kong based Zijin Resource Funds 24% (invested 3.2M in 2018)
Advanced project (40,000m drilling completed)
Two gold deposits
43-101 resource of 345,700 oz gold at one deposit the Mazoa Hill
Open Pit Mine
13,500 acres (54sq. kms) in size
~10 % of project explored to date
The new area the2.5 km Toucan Ridge has consistently been successful by trenching &sampling for gold in the quartzite host rock as high 23.5 g/t
New geophysics will provide more depth to geological insights and drill targets
Mining Permit & License for production
Mining camp in place
