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Golden Shield Resources Drills 4.84 GPT Gold Over Six Metres And 2.58 GPT Over Seven Metres In First Holes At Toucan Creek
VANCOUVER, BC, April 12, 2022 /CNW/ - Golden Shield Resources Inc. (CSE: GSRI) (the "Company" or "Golden Shield") is pleased to announce results of six initial
About this update from Golden Shield Resources Inc.
[{"type":"text","content":" VANCOUVER, BC, April 12, 2022 /CNW/ - Golden Shield Resources Inc. (CSE: GSRI) (the \"Company\" or \"Golden Shield\") is pleased to announce results of six initial diamond drill holes totalling 848 metres that were drilled at the Toucan Creek area, one 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\"). This first round of drilling at Toucan Creek intersected multiple intervals in four of the six holes drilled, see Table 1. All reported intervals are hosted within quartzite-metachert (\"QMC\"), which is also the host rock to gold mineralization at Mazoa Hill. Golden Shield geologists were drawn to the area by outcrops of QMC that are visibly mineralised with oxidised pyrite returning anomalous gold values in surface sampling. Golden Shield will integrate these results with surface data to identify targets for follow up drilling. Dr Colin Porter, Vice President, Exploration of Golden Shield, commented, \"We are very pleased to have received initial drill results back from our new Toucan Creek prospect and are encouraged by the potential of this target. The Toucan Creek prospect is located approximately 1.5km from Mazoa Hill, which is now where the drill is currently operating. To date, we have defined eight priority prospects at the Marudi Mountain gold project and are actively generating additional prospects\". Results from trenching at the Kimberley, Success Creek and Throne prospects are pending, as well as additional recce samples. The current drill program will focus on expanding the newly recognised extensions at Mazoa Hill. Qualified Persons Leo Hathaway, P. Geo, Executive Chair of Golden Shield, and a Qualified Person as defined by National Instrument 43-101 Standards of Disclosure for Mineral Projects, has reviewed, verified, and approved the scientific and technical information in this news release and has verified the data underlying that scientific and technical information. About Golden Shield Golden Shield Resources was founded by experienced professionals who are convinced that there are gold mines yet to be found in Guyana. The company is well-financed and has three wholly controlled high-grade gold projects: Marudi Mountain, Arakaka and Fish Creek. This news release includes certain ...