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Golden Shield Resources Recommences Drilling At Mazoa Hill, Marudi
Drilling re-starting with Phase Two at Mazoa Hill this week. Follow up on Phase One drilling, including hole, MH-21-04, that returned 50 metres grading 9.10 g/t
About this update from Golden Shield Resources Inc.
[{"type":"text","content":" Drilling re-starting with Phase Two at Mazoa Hill this week. Follow up on Phase One drilling, including hole, MH-21-04, that returned 50 metres grading 9.10 g/t gold. VANCOUVER, BC, March 29, 2022 /CNW/ - Golden Shield Resources Inc. (CSE: GSRI) (the \"Company\" or \"Golden Shield\") is pleased to announce that it will recommence (Phase 2) drilling at the Mazoa Hill this week. Mazoa Hill is 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\"), Figure 1 - Marudi Project Map, prospects so far identified. Phase Two drilling will be conducted by one drill rig over six weeks and comprise approximately 2,000 metres in six to seven holes. This drill program will focus on expanding the new areas of mineralization discovered outside of the existing Historic Resource described in the Company's news release dated February 23, 2022. Additionally, Phase Two drilling will increase the Company's understanding of the geometry of the high-grade zones encountered in the last Phase of drilling, including 50m grading 9.10g/t gold intersected in Hole MH-21-04 and reported in the Company's news release dated March 14, 2022. This is illustrated in Figure 2. The Company is still awaiting drill results from the Toucan Creek prospect (Marudi Project; Figure 1) where results from six holes (848 metres) drilled during the Phase 1 drill campaign are pending. Additional results are pending from trenching at Toucan Creek and three other prospects (Kimberley, Success Creek and Throne), that are comprised of nine trenches excavated with approximately 510 continuous trench samples taken over a total length of approximately 800 metres and additionally approximately 430 rock chip reconnaissance samples. Figure 2. Three-dimensional view of the revised interpretation of QMC mineralisation host lithology shown as the yellow solid. Historic drill holes are shown with white collars and Golden Shield holes with black collars with selected Phase One results in previously untested lower fold limb. Historical resource restricted to upper fold limb. Dr. Colin Porter, Vice President, Exploration of Golden Shield commented: \"Phase one drilling at Mazoa resulted in a reinterpretation of the geometry of the Quartz Metachert (QMC) unit that ...