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Guyana Goldstrike Inc. (TSXV: GYA, OTC: GYNAF, FSE: 1ZT): Exploring, Developing, and Operating the Huge Upside Potential Gold Project in Guyana, South America; Peter Berdusco, President and CEO

on 8/6/2019
Guyana Goldstrike Inc. (TSXV: GYA, OTC: GYNAF, FSE: 1ZT) is a Canadian based junior gold company focused on the exploration, development, and operation of the Marudi Gold Project in Guyana, South America. We learned from Peter Berdusco, President and CEO of Guyana Goldstrike, that the project has a resource of just under 350,000 ounces of indicated and inferred, existing mining license, and huge exploration upside. According to Mr. Berdusco, the Company's key goal is to open up the area for new discovery and get into the multi-million ounce resource. Another differentiator for Guyana Goldstrike is their major partner, Zijin Funds out of Hong Kong, which is owned by a multi-billion Chinese company the Zijin Mining Corp. Plans for 2019 include follow-up drilling to confirm targets identified last year.

Guyana Goldstrike Inc.

Dr. Allen Alper: This is Dr. Allen Alper, Editor-in-Chief of Metals News, interviewing Peter D. Berdusco, who is President, CEO, and Director of Guyana Goldstrike. Could you give our readers/investors an overview of Guyana Goldstrike and tell them what differentiates Guyana Goldstrike from other companies?

Peter Berdusco: Great. Thank you for having me, Dr. Alper. Yes, there's a number of distinctions with Guyana Goldstrike from our peers. Most notable is the fact that we're in South America, specifically in Southern Guyana. We're a stand-alone company in the South, with a fantastic project called the Marudi Gold Project, and this project is a standalone in the South. It is an opportunity for us to be involved with this particular project, but also to extend beyond this project and create a bit of a district play along trend there. That's definitely setting us apart from any other peer in Guyana.

And what makes this project nearly unique is the fact that it comes with a mining license and a resource estimate as well. We have just under 350,000 ounces of indicated and inferred 1.8, 1.6 respectively, grams per ton. The property has been really under explored, so our opportunity to discover more ounces, more mineralization, is really good. Our main objective with this project is to open up the area for new discovery and get into the multi-million ounce resource.

The last area of distinction for us is the fact that we have a major partner, with Zijin Funds out of Hong Kong. Zijin Funds is wholly owned by the Zijin Mining Company, Mining Corp, which is a $16 billion company that trades on the Shanghai and the Hong Kong Exchange. It is the largest gold producing company in China. A great partner to have! This is a partner that can take us from discovery or expansion of our resource, to production. Potentially it may be a built-in suitor to become a takeover partner as well. In a market that we've been in for the last couple of years, we're fortunate to have a strong partner in Zijin, a partner that can continue to finance us and show strength with us moving forward. Those are the main key points of distinction between us and our peers.

Dr. Allen Alper: That sounds great. Could you tell our readers/investors your plans for 2019?

Peter Berdusco: We have a very streamlined, defined, exploration or resource expansion plan. We have a number of areas that we didn't get to in 2018 for trenching and for discovery and mineralization, so we're going to be focusing on those areas. Then we're going to do some strategic confirmation drilling to confirm these areas at depth. Our goal is to have multiple zones of mineralization. These zones all have the potential, given the nature of the geology and the mineralization, to be open-pit. Our goal is to open up the property to have a number of open-pit satellite resources. In aggregate, that would get us into the multi-million ounce targeted range that we believe we need to be in to attract a mix here or a major or continue to have the interest of our current partner.

Dr. Allen Alper: That sounds excellent. Could you tell our readers/investors more about the Marudi Gold Project, a little more detail?

Peter Berdusco: The project's had a history of prior operators. We've been fortunate enough, because of that, to inherit a resource on it. The property has been very under explored, maybe 10%, 15% explored. It's an iron formation which lends itself to being an open pit type of mining scenario. As an advanced explorer, our goal on the property is just to identify additional areas or zones of mineralization, open these areas up, confirm that the mineralization runs its depth, and get into that multi-million ounce range. The property has the opportunity to yield itself to that potential.

We're quite excited about it. It's in Southern Guyana, infrastructure is fine, we have season roads that give us access to the property, and we're excited to be the only company on this trend. This project's on the trend and we have the potential to expand along the trend as well, as we continue to grow the asset and grow as a company. These are our leading features that have made this project attractive for investors and our current shareholders.

Dr. Allen Alper: That sounds very, very good. Could you refresh the memory of our readers/investors on your background, your Team and your Board?

Peter Berdusco: We have a very good Team, very good Board. We have a geologists that are independent directors, which is key from a Board perspective. Our Zijin Funds, which currently owns 25% equity position in the Company has a Board position as well. That helps ensure that, as a Board, we're getting the proper direction and input to move and grow the asset the best we can from a Board standpoint.

In terms of Management, we have a very good Team. Our VP of Exploration first walked the property in the '90s, and has a tremendous amount of exploration experience, and with gold as well. This gives us a lot of confidence in terms of knowing that when we do put exploration dollars to work, that these dollars are being put to their best use. When you have a VP of Exploration who is very seasoned, that means that you're going to get the best bang for the buck, with the dollars that we're spending on the property. That lends itself to good trenching, good trenching results, and best type of drilling that we can do. An example of that is when you look at the Toucan Ridge Zone, which was our discovery zone last year, we had tremendous success with our trenches in that zone, which delineated about a 700 or 800 square meter area of mineralization. This was done through very detailed, methodical trenching work, the advantage of having a really seasoned geological team and an exploration manager, like Locke Goldsmith, that can lead that team.

Dr. Allen Alper: Excellent! Could you tell our readers/investors about your capital structure?

Peter Berdusco: We currently have just under 60 million shares outstanding. Our market cap right now is about a $10 million Canadian and we're currently trading a bit below the $0.15 range right now. From an investment standpoint, great potential, entry level, small junior, with a lot of upside in terms of potential discovery and additional mineralization and hitting its targets. As we believe the gold price will continue to get stronger and move higher, that bodes well for a company of our size. There's lots of room for growth in our market cap.

Dr. Allen Alper: That sounds excellent. Could you tell our readers/investors the primary reasons to consider investing in Guyana Goldstrike?

Peter Berdusco: Great resource, great project, great Management Team. The appreciating gold price is wind in our sails. The market, the gold market, the exploration market, and the junior market will get stronger. I think our Company, in terms of share structure and market cap, is positioned very, very well in the marketplace. I believe all of these reasons make it a very strong and attractive investment and a standout among our peers.

Dr. Allen Alper: That sounds excellent. Is there anything else you'd like to add, Peter?

Peter Berdusco: I’d like to thank you for interviewing Guyana Gold Strike for Metals News. To read further on the Company, our website, has more information, including our past news releases and information on our successes from our Toucan Ridge Discovery Area, and information on our project in Guyana, and more. We can always be reached by email or by phone.

Dr. Allen Alper: Thank you, Peter. We’ll publish your press releases as they come out so our readers/investors can watch your progress.

Peter Berdusco
President and Chief Executive Officer

49, Eastern Highway
Lamaha Gardens
Phone: 1 877 844 4661

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