Guyana holds the gold for Guyana Goldfields

Guyana Goldfields‘ (GUY-T) shares soared on solid drill results from its Aurora Mine property in Guyana.

With the biggest highlight being 3.65 grams gold a tonne over 160 metres at the Rory Knoll area, the market rewarded its ongoing drill program with a bullish 37% or $1.55 increase. Shares closed at $5.75 on roughly 1.6 million shares traded.

In targeting near surface gold mineralization at the Rory’s Knoll zone, the company hit other notable sections, the best of which being: 114.5 metres at 2.93 grams gold a tonne, 187 metres at 2.4 grams gold a tonne, and 112m at 3.67 grams gold a tonne.

Another hole was drilled to test continuity between drill sections a continuity that the company says is proven by 187 metres grading 2.4 grams gold per tonne.

Higher-grade sections were also found within the broader mineralized zone. Those sections include: 7.5 metres grading 9.32 grams gold, 4.5 metres grading 33.8 grams gold and 7.5 metres grading 12.6 grams gold a tonne.

Guyana Goldfields used the same release to announce the discovery of a new mineralized zone North Aleck Hill. The company says the geology and mode of mineralization at North Aleck is close to that of the Rory’s Knoll zone.

North Aleck Hill is roughly 1-km northwest of Rory’s Knoll. Two zones of gold mineralization were intersected: 36 metres at 1.05 grams gold a tonne, and 27.5 metres at 1.36 grams gold a tonne.

Along with the strong results came news that Guyana Goldfields is positioning itself to accelerate its drill program. The company has purchased two additional drills which are currently on-route to the project.

Toronto-based Guyana Goldfields has been operating in Guyana since 1996.

The company is primarily focused on the exploration and development of gold deposits in the Guiana Shield of South America. The Guiana Shield is in the northern part of the Amazon Craton and covers parts of Guyana, Venezuela, Suriname, French Guyana and northern Brazil.