Guyana Goldstrike Inc. (the “Company” or “Guyana Goldstrike”) (TSXV: GYA, OTC: GYNAF, FSE: 1ZT) is pleased to announce that the Company has been meeting and consulting with experts in the blockchain and cyptocurrency sector to ascertain the feasibility of financing the Marudi Gold Project through the issuance of an Initial Coin Offering (“ICO”) on the Ethereum blockchain platform.
Mr. Peter Berdusco, President and CEO of the Company states, “We believe the Marudi Gold Project has the right set of attributes that make it an excellent candidate to fund through an ICO. The project has a mining license, good infrastructure with an operating mining camp, a historic resource estimate that is currently being updated and excellent exploration upside. The ability to market these attributes to a new alternative financing audience is very intriguing to us. What makes it even more compelling is the potential of coupling these attributes with the prospective merit of an ICO that may minimize shareholder dilution while financing the project toward production.”
Readers are cautioned that the Company has not formally engaged any consultant or advisor in the blockchain or cryptocurrency sector, nor has any material aspects of an entry into these sectors been finalized, nor has a decision to enter the sectors been reached by the board of directors. The Company is not conducting the offering of any coin or token at this time, and any such offering would need to be conducted in compliance with the securities laws of Canada or other jurisdictions, as applicable. The Company’s Marudi Gold Project is currently at the exploration and development phase, and any coin, token or security secured to the Company, project or potential future commercial production from that project should be considered highly speculative.
ABOUT THE MARUDI GOLD PROJECT
The Project, located in Guyana, South America, is unique in that it has a mining license in good standing, all-season road access, infrastructure in place, with an established mining camp serviced by employees, service buildings, and a full-time mining manager. The property has three known gold bearing areas, specifically the alluvial areas, the saprorlite overburden, and the underlying hard-rock. There has been 42,000 metres of historic diamond drilling (141 holes) completed on the Project by prior operators. This work has delineated historical mineral resource estimates on the Project. There exists excellent exploration upside through the development of previously identified, highly-prospective mineralized targets on the Project.
For information concerning these estimates and the Project, readers are encouraged to review “NI 43-101 Technical Report on the Marudi Property, Guyana”, a technical report prepared for the Company by Derrick Strickland, P. Geo., and is available on the Company’s website located at (http://www.guyanagoldstrike.com/images/pdf/2016/Marudi_43-101_November_30_2016.pdf) and under the Company’s profile on SEDAR (www.sedar.com).*
* The Company considers these estimates to be historical, and cautions that a Qualified Person has not done sufficient work to classify the historical estimates as current mineral resources or mineral reserves in accordance with National Instrument 43-101. The Company does consider these historical estimates to be relevant as they may indicate the presence of gold mineralization and favourable geology.