Business
Golden Shield Resources Announces Diamond Drilling in Early January at Mazoa Hill and Provides Exploration Update
Key Highlights Golden Shield is set to commence a fully-funded diamond drill program at the Marudi Mountain Property in early January 2024. This program will fo
About this update from Golden Shield Resources Inc.
[{"type":"text","content":" Key Highlights Golden Shield is set to commence a fully-funded diamond drill program at the Marudi Mountain Property in early January 2024. This program will focus on exploration to allow the Company to prepare a current mineral resource estimate at Mazoa Hill and testing new high-potential exploration targets. The diamond drilling program will build on significant intercepts from previous drilling activities at Mazoa Hill, including 50m grading 9.10 g/t Au and 9.75m grading 11.9 g/t Au. The diamond drill is already on site and a consultant is being retained to assist in preparing a current mineral resource estimate in 2024. The Company continues to make progress on the Marudi RC drilling campaign, with 91 of 140 holes complete, totalling 4,597 metres. The aim of the RC campaign is to target newly discovered zones and establish the continuity of mineralization laterally and to depth, with the ultimate goal to follow up with an expanded diamond drill-program on defined targets. VANCOUVER, BC, Nov. 30, 2023 /CNW/ - Golden Shield Resources Inc. (CSE: GSRI) (OTCQB: GSRFF) (FRA: 4LE0) (the \"Company\" or \"Golden Shield\") is pleased to announce that it will commence a fully-funded diamond drill program at the Marudi Mountain Property (\"Marudi\" or the \"Property\") in early January of 2024. The diamond drilling campaign will focus on exploration to allow the Company to prepare a current mineral resource estimate at the Mazoa Hill target on the Property and testing new high-potential exploration targets. The Company is also pleased to provide an exploration update on the ongoing Reverse Circulation (RC) drill program that is being completed across the Property. Leo Hathaway, Executive Chairman of Golden Shield, commented, \"Golden Shield released encouraging results including 50 metres grading 9.10 g/t gold from Mazoa Hill in 2022, and continued stepping out on 50 fences to depth, to more than 180 metres beyond the historic pit limiting shell. In January, we will initiate a 3,000 metre drill program that will determine the vertical depth and resource potential at Mazoa Hill and the potential of the other targets, Pancake Creek being the most compelling.\" Figure 1. Current Status of Individual Exploration Targets Mazoa Hill and Diamond Drilling Campaign Over 30,000 metres of drilling has taken pl...