Announcement Date: 2022-11-07
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. 13.4m at 12.24g/t Au from 285m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Vancouver, British Columbia, November 7th, 2022 – Golden Shield Resources Inc. (CSE: GSRI / FRA: 4LE0 / OTCQB: GSRFF) (the “Company” or “Golden Shield”) is pleased to announce assay results from three holes from the Company’s ongoing Phase III drill program at its 100% owned flagship, 5,457-hectare Marudi Mountain gold project located southwestern Guyana (the “Marudi Mountain Property”). The Phase III drill program comprises approximately 3,000m, with six holes designed to test the southern and depth extension of the Mazoa Hill Deposit and five drill holes dedicated to testing the July and Throne targets, as discussed in the Company’s news release dated September 13, 2022. The six recently completed diamond drill holes at Mazoa Hill targeted strike and down-plunge extensions of a high-grade zone or “shoot” identified by Golden Shield’s Phase I and II drilling. Historical drilling did not recognize the strike or vertical extent of this shoot. The high-grade shoot is hosted in a broader envelope of “quartzite-metachert” (QMC) which is interpreted as a strongly silicified shear zone along the contact between amphibolite schist and mica schist.
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