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Golden Shield Resources Inc C.GSRI

Alternate Symbol(s):  GSRFF

Golden Shield Resources Inc. is a gold-exploration company. It is in the business of acquiring, exploring, and developing mineral properties, primarily those containing gold and associated base and precious metals. It is focused on three, 100% owned, exploration projects in Guyana, South America: Marudi Mountain, Arakaka, and Fish Creek. The Marudi Mountain project is located in southwestern Guyana and covers 5,457 hectares (ha) (54.7 square kilometers (km2)) of a prospective greenstone belt assemblage. The Marudi Mountain Project is in the Rupununi District of southwestern Guyana. The project is 500 kilometers (km) from the capital of Georgetown and 60 km from the Brazilian state of Roraima. The Arakaka project is a 100% owned 17,699 ha (176.9 km2) district-scale exploration project located in the prolific, Barama-Mazaruni Greenstone belts of the Guiana shield. Fish Creek is a 100% owned 6,028 ha (60.28 km2) land package, located in the Barama Greenstone Belt, 10 km west of Arakaka.


CSE:GSRI - Post by User

Post by geolteacheron Sep 20, 2024 2:08pm
112 Views
Post# 36233582

what mining plan?

what mining plan?the details of bringing Tucano's non-operational northern Brazil mine ("produced highest grades in the world, 2012-2014...") are missing some key stuff.

Tucano claims the Duckworth UG has 10m+ intercepts of 50-ish Au oz/tonne grades just below the pit.

It's Investor Presentation allso says "Duckworth UG 2026" production, in the hub-spoke slide.

there are like 4? 6? holes that go below the incredibly steep-walled Duckworth OP.
Four to six holes don't:
allow an indicated or measured reserve.
a conceptual or PEA-level mining plan.
a decision any third party would want to bankroll for development.

this is important because the grades at bottom of Duckworth OP are like 10x those of almost every other deposit on the project. If those grades aren't consistent enough to mine, or need to be drilled off first, the "2026" production from UG at Duckworth is going to be more like 2030 - not 2026.




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