| Announcement Date: | 2022-05-31 |
|---|---|
| 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. 31m @ 7.58g/t Au from 256m |
| Resources: | only available to subscribers |
| CP/QP: | only available to subscribers |
| Announcement summary: | Vancouver, British Columbia, May 31, 2022 – 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 |
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