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Golden Shield Resources Drills 33 Metres Grading 3.45 G/t Gold At Mazoa Hill, Marudi
Numerous high-grade intercepts open to depth and along strike New interpretation of mineralization trend - open to depth and along strike Numerous additional un
About this update from Golden Shield Resources Inc.
[{"type":"text","content":" Numerous high-grade intercepts open to depth and along strike New interpretation of mineralization trend - open to depth and along strike Numerous additional undrilled prospects with mineralization at surface VANCOUVER, BC, May 11, 2022 /CNW/ - Golden Shield Resources Inc. (CSE: GSRI) (the \"Company\" or \"Golden Shield\") is pleased to announce the drill results from the initial hole of a 13-hole, 3,000 metre program at Mazoa Hill, the most advanced of eight prospects at the Company's flagship, 5,457-hectare, Marudi Mountain gold project located in the Rupununi District of southwestern Guyana (the \"Marudi Project\"), Golden Shield is currently drilling the ninth hole of the Company's 3,000 metre, 13-hole Phase 2 drill program at Mazoa Hill. Results of the first hole, MH-22-16, are detailed in Table 1, while results for the other eight holes that have been completed are pending. Drilling of the remaining four holes of the program is progressing and will be finished before the end of this month. Table 1 - Mazoa Hill, drill hole MH-22-16 intersections Hole # / length Azimuth / inclination Interval number From (m) To (m) Length (m)* Gold (g/t) MH-22-16 / 257m 240 / -57 1 148.5 163.5 15 3.27 including 152.5 160.5 8 4.95 2 165.5 167.5 2 2.63 3 170.5 172.5 2 1.85 4 180.5 187.4 6.9 3.03 including 180.5 182.3 1.8 9.69 5 195.4 228.6 33.2 3.45 including 199.6 200.6 1 12.49 and 203.6 205.6 2 14.49 and 222.6 228.6 6 5.98 *Lengths are drill indicated core length, as insufficient drilling has been undertaken to determine true widths at this time. The highest assay used for weighted average grade is 15.14 g/t gold and top-cutting is not deemed to be necessary. Average widths are calculated using a 0.50 g/t gold cut-off grade with < 4 m of internal dilution below cut-off grade. Sample lengths are 1m unless reduced below this to respect geological contacts. Golden Shield interprets gold mineralization to occur in a series of en-echelon high grade shoots defined by intense silicification within a broader silicified zone, previously described as quartzite-metachert (QMC). In these areas silica flooding is associated pyrite pyrrhotite and native gold. MAZOA HILL RESULTS Hole MH-22-16 confirms Golden Shield's reinterpretation of the geology of Mazoa Hill with a lower mineralised limb folding gently to the west. The reinterpretation o...