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Golden Shield Resources Drills Extensions of Mazoa Hill With 7.58 G/t Gold Over 31 Metres And 4.95 G/t Gold Over 10 Metres
Highlights include: Hole MH-22-21 31 metres grading 7.58 g/t gold 50 metre down dip step-out from 50 metres grading 9.10 g/t in hole MH-21-04 Hole MH-22-18 10 m
About this update from Golden Shield Resources Inc.
[{"type":"text","content":" Highlights include: Hole MH-22-21 31 metres grading 7.58 g/t gold 50 metre down dip step-out from 50 metres grading 9.10 g/t in hole MH-21-04 Hole MH-22-18 10 metres grading 4.95 g/t gold, including 19.06 g/t Au over 2 metres Open down dip Grade may increase with depth VANCOUVER, BC, May 31, 2022 /CNW/ - Golden Shield Resources Inc. (CSE: GSRI) (FRA: 4LE0) (the \"Company\" or \"Golden Shield\") is pleased to announce assay results from the initial seven holes of the Company's eleven hole, 3,100 metre Phase 2 drill program at the Company's flagship, 5,457-hectare, Marudi Mountain gold project located in the Rupununi District of southwestern Guyana. Drilling targeted the previously identified Mazoa Hill prospect. Results from the remaining four holes are pending. Hole MH-22-21 returned an interval of 31 metres grading 7.58 g/t gold from 256 metres down the hole. This hole intersected the Quartz Metachert (\"QMC\") unit approximately 50 metres down dip of the previously released intercept of 58 metres grading 9.10 g/t from 142.5 metres down the hole in MH-21-04. This 58m down dip step-out, calculated measuring between the mid-point of both intervals, is significant, and the high-grade mineralization remains open to depth. See Figures 1 and 2. Holes MH-22-17 and MH-22-18 were down dip step-outs from hole MH-22-16, extending mineralization approximately 90 metres down dip. Grade appears to increase with depth between the latest two holes with the lowermost intercept of 10 metres grading 4.95 g/t gold from 248 metres down the hole in MH-22-18. This intercept included 2 metres grading 19.06 g/t old from 248 metres down the hole and remains open to depth. See Figures 1 and 3. Further north, in holes MH-22-19 and MH-22-20, the gold-bearing QMC unit appears to thicken at depth and its geometry is not well constrained by drilling. Grades in hole MH-22-19 included intercepts of 2 metres at 5.32 g/t gold from 224 metres down the hole, contained within a broader zone of 8 metres at 1.78 g/t gold from 224 metres down the hole and, in hole MH-22-20, gold occurs over a broad intercept of 32 metres grading 0.81 g/t from 256 metres down the hole. See Figures 1 and 4. At the northern margin of the deposit, holes MH-22-22 and MH-22-23 found that the mineralized QMC unit continues with depth. MH-22-23, the lowermost hole on the s...