Business
Golden Shield Resources Announces January Diamond Drilling Campaign 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 mid-January 2024. This diamond drill pro
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 mid-January 2024. This diamond drill program will focus on testing the depth of high-grade gold mineralization at Mazoa Hill to guide resource estimation and testing new high-potential exploration drill targets. The diamond drill 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 the preparation of a current resource estimate. Company continues to make progress on the Marudi RC drill campaign, with 101 holes completed in 2023, totalling 5,588 metres. The aim of the drilling campaign is to target newly discovered zones and establish continuity of mineralization laterally with the ultimate goal to follow up with an expanded diamond drill-program on defined targets. VANCOUVER, BC, Jan. 15, 2024 /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 mid-January 2024. The first hole of the diamond drilling program will test the vertical extent of the steeply plunging high-grade gold \"ore\" shoot at Mazoa Hill and from there move to testing new high-potential exploration targets, starting with Pancake Creek. The Company is still receiving and processing results from December's reverse circulation (\"RC\") drill program from Pancake Creek and elsewhere. These results will be released and incorporated into exploration plans as they are available. Leo Hathaway, Executive Chairman of Golden Shield, commented, \"Golden Shield released stellar 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 180m beyond the Historic Pit Limiting Shell. In January we will initiate a 3,000m drill program that will both definitely determine the vertical depth and resource potential at Mazoa Hill and the potential of the other targets, Pancake Creek being the most compelling.\" Mazoa Hill and Diamond Drilling Campaign Over 30,000m of drilling has ta...