Announcement Date: 2022-03-14
Announcement Type: Drilling Results
Announcement Code: NI43-101
Company name: Golden Shield Resources Inc.
Project name: Marudi Mountain
Location: Guyana
Commodities: Gold
Highlight: Drilling results incl. 50m @ 9.1g/t Au from 142.5m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Vancouver, British Columbia, March 14, 2022 – Golden Shield Resources Inc. (CSE: GSRI) (the “Company” or “Golden Shield”) is pleased to announce the drill results from the final four holes of a seven-hole program at the Mazoa Hill, 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”), Results from an additional six holes drilled at the Toucan Creek prospect are pending. The 13 holes drilled at both prospects comprise the Company’s phase one, 2,364 metre, 13-hole diamond drilling campaign at the Marudi Project. MAZOA HILL RESULTS The seven drill holes drilled at Mazoa Hill were designed to extend mineralization beyond the extents of the historical resource and confirm the historical resource The Company’s new interpretation of mineralisation controls will be used to guide future exploration. Results from the first three holes were released on March 7, 2022, and results from the current four holes are summarised in Table 1. These comprise the balance of the phase one drill program at Mazoa Hill.
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