Since the summer ended, up-and-coming Guyana focused (butCanadian based) junior gold company Guyana Goldstrike (TSX.V: GYA; OTC: GYNAF; FSE: 1ZT)has made steady progress towards developing akey mining project.

That progress is worth taking a closer look at because Guyana is an up-and-comingmining powerhouse that’s also an English speaking Commonwealth country (a republic with a democratically elected government) with British common law and an established Mining Act. The country already produces over 600k oz of gold per annum with all gold production occurring within the Guiana Shield which has geological continuity with gold rich West Africa.

The Guiana Shield itself is known to have over 25 known large gold deposits (in Guyana and Venezuela) that are believed to host at least 110 Moz gold while better explored West Africa is host to more than 275 Moz Au.

Investment Snapshot

• Small cap Canada based Guyana Goldstrike (TSX.V: GYA; OTC: GYNAF; FSE: 1ZT) is focused on near-term production and advanced exploration opportunities in Guyana with their key asset being the Marudi Mountain Mining License covering the Marudi Gold Project. Only 5% of the total land package has been explored to date.
• Sampling, mapping and assay results have come in since the summer while a geophysical survey has also been announced.
• Guyana Goldstrike itself has a strong management team (over 14 years of business experience in Guyana and a combined 120 years of mining and resource exploration experience); astrong investor base(thelargest shareholder is a leading metals producer in China); and is well-funded (raising C$3,457,000 in cash back in February).

The Marudi Gold Project: Some Background

Guyana Goldstrike’skey asset is the Marudi Mountain Mining License covering the Marudi Gold Project (which is 13,500 acres in size and located 230 km from the town of Lethem in southern Guyana).

Key Marudi Gold Project highlights worth noting by investors include:

• The Property has three known gold bearing areas: The alluvial areas, the saprolite and the underlying hard-rock.
• Gold mineralization is regarded as being related to iron-formation-hosted gold (“IFG”) deposits that occur in other cratonic greenstone belts around the world.Examples of some existing IFG deposits are the Homestake Mine in South Dakota (the largest and deepest gold mine in North America which reported production of 43.9 million ounces of gold); the Lupin Mine located in Nunavut, Canada (which produced approximately 3 million ounces of gold); and the Mussellwhite mine in Ontario (which has estimated reserves of 2.29 million ounces of gold).
• Prior owners/operators have already completed 42,000 meters of diamond drilling (141 holes) since 1985.This drilling delineated two zones of mineralization: Mazoa Hill and Marudi North zones.
• A 43-101 compliant resource estimate report on the Mazoa Hill zone gave an indicated 259,100 gold ounces within 4,428,000 tonnes grading 1.8 g/t and an inferred 86,200 gold ounces within 1,653,000 tonnes grading 1.6 g/t.
• The permitted mining license is in good standing (good for 25 years with a 7 year extension) with a 5% government royalty grandfathered in from 2003 (the current government royalty is 8%).
• The Company recently sold 90.9 oz/Au to the Guyana Gold Board for a price of $1266.45/oz and for a net sale of US$106,490 after smelting costs with a 5% Royalty paid to the government of Guyana. The gold was assayed at 97% purity.
• There is further near term revenue generation potential from bulk sampling of gold in saprolite (highly weathered) host rock and royalties from artisanal miners. Under a cooperative agreement, the artisanal miners pay the Company a 10% royalty on all gold produced.
• A 100% option to purchase the project has been acquired by the Company.
• An existing mining camp (serviced by employees, service buildings and a full-time camp manager) is already on the property while the property itself surrounded by good infrastructure that includes an all-season road network with road access.

The Marudi Gold Project comes with excellent exploration upside through the development of previously and newly identified mineralized bedrock targets given that only 5% of the total land package has been explored. Exploration plans call for 10,000 meters of diamond drilling, 12,000 meters of trenching and detailed rock, soil and core sampling along with an airborne magnetic survey of the entire property area.

The Marudi Gold Project: Key Updates

Since the end of summer, Guyana Goldstrike has given the following progress updates about the Marudi Gold Project:

• In late August, Guyana Goldstrike reported sampling and mapping of trench TTR-18-10 had been extended to 114 meters at the Toucan Ridge area (this trench is located approximately 400 meters eastward of trench TTR-18-06 along the Ridge which is located approximately one kilometre east of the Marudi North zone and one kilometre north of the Mazoa Hill zone). To date, 114 meters had been trenched, sampled and mapped with five sections identified as bearing quartzite-metachert host rock with magnetite. The Company had also trenched four areas of interest: Paunch, Pancake, Marudi-North West Extension and Toucan Ridge (the current area of focus).
• In mid-September, Guyana Goldstrike reported initial assay results from Trench TTR-18-7 at the Toucan Ridge area. Initial assays returned values of 0.69 g/t Au over 27 meters, including 1.09 g/t Au over 9 meters.
• In late September, Guyana Goldstrike reported second batch assay results from Trench TTR-18-08 at the Toucan Ridge area. These results returned values of up to 1.73 g/t.

• In early October, Guyana Goldstrike announced the start of an airborne geophysical survey that will include both a magnetic and radiometric survey with 50 meter line spacing over the entire 13,500 acre (54 sq. km) property. The quartzite-metachert rock unit that hosts gold mineralization on the Property contains disseminated magnetite that will be detected by the survey. The data obtained from the survey will assist the Company in tracing the magnetite and identifying targeted areas for further exploration.

As of early October, 1,128 meters of trenching has been completed in the Toucan Ridge areaand 390 samples have been taken. The exploration team will continue to explore along the area of interest (progressing in an eastward direction with each new trench site stepping out in metred intervals, mainly perpendicular to the ridge).

Guyana Goldstrike: Positioned to Succeed in Guyana

Aside from the promising Marudi Gold Project, Guyana Goldstrike has three key characteristics that make the small cap mining stock well positioned to succeed in Guyana:

• 1. An Experienced Management Team.Guyana Goldstrike’s management team has over 14 years of business experience in Guyana and a combined 120 years of mining and resource exploration experience. This management team includes country manager Marshall Mintz who has over 30 years of experience in mining, exploration, operations planning and operations management in Asia, Canada and South America. In addition, he is the owner and partner of Falcon Logistics Inc, a Guyanese company which has been involved in Southern Guyana for over 18 years and enjoys an overwhelmingly positive relationship with the government and the local indigenous population.
• 2. AStrong Investor Base. Guyana Goldstrike’slargest single largest shareholder (24.4%) is the Zijin Mining Group – a leading metals producer in China ranked at 1,200th place in the Forbes Global 2000 for 2017, third place among the world’s public gold miners and in 82nd place in the Fortune China 500. The Zijin Mining Groupis listed on the Hong Kong Stock Exchange (code: 2899) and the Shanghai Stock Exchange (code: 601899); has developed an extensive product portfolio of gold, copper, lead, zinc, tungsten, iron ore and other base metals plus has investments in 24 provinces across China and in 9 foreign countries.
• 3. Well-Funded Exploration Program.In February 2018, Guyana Goldstrike raised C$3,457,000 in cash with C$3.2M coming from two Zijin Resource Funds. These funds allow the Company to fund its ongoing multi-phase exploration program at Marudi.

For all of the above reasons, the SmallCap Network has kept and will keep a close eye on small cap Guyana Goldstrike and its Marudi Gold Project.