(Marudi Project Map via Golden Shield Resources Inc., prospects so far identified. Click to enlarge.)
A Canadian-based mineral explorer made headlines this week after releasing the latest drill results at one of its wholly controlled high-grade gold projects.
Golden Shield Resources Inc. (CSE: GSRI, Forum) announced the drill results from the initial hole of a 13-hole, 3,000 metre 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.
In
a media release detailing this news for investors, the company’s Vice President, Exploration, Dr. Colin Porter noted that because historical drill holes did not intersect the lower limb extension, previous models assumed the QMC host-rock terminated at depth.
“However, Golden Shield’s re-interpretation of the Mazoa Hill mineralization has shown that the deposit is open at depth along the lower limb extension. This will allow the Golden Shield team to continue to define a new, updated resource at Mazoa Hill, as we continue to step out laterally, and at depth.”
Highlights:
- Numerous high-grade intercepts open to depth and along strike
- New interpretation of mineralization trend - open to depth and along strike
- Interpretation has potential to expand Mazoa Hill to depth and laterally
The team drilled 33 metres grading 3.45 g/t gold, drill hole MH-22-16 intersections detail more info below:
| Hole # / length |
Azimuth / inclination |
|
Interval number |
From (m) |
To (m) |
Length (m)* |
Gold (g/t) |
| MH-22-16 / 257m |
240 / -57 |
|
1 |
148.5 |
163.5 |
15 |
3.27 |
|
including |
152.5 |
160.5 |
8 |
4.95 |
|
2 |
165.5 |
167.5 |
2 |
2.63 |
|
3 |
170.5 |
172.5 |
2 |
1.85 |
|
4 |
180.5 |
187.4 |
6.9 |
3.03 |
|
including |
180.5 |
182.3 |
1.8 |
9.69 |
|
5 |
195.4 |
228.6 |
33.2 |
3.45 |
|
including |
199.6 |
200.6 |
1 |
12.49 |
|
and |
203.6 |
205.6 |
2 |
14.49 |
|
and |
222.6 |
228.6 |
6 |
5.98 |
Previously described as quartzite-metachert (QMC), Golden Shield interprets gold mineralization to occur in a series of en-echelon high grade shoots defined by intense silicification within a broader silicified zone. In these areas silica flooding is associated pyrite pyrrhotite and native gold.
(3-dimensional view showing current and previous interpretations of QMC host rock unit and historical and Golden Shield drill holes via Golden Shield Resources Inc. Click to enlarge)
Currently on the ninth hole its 3,000 metre, 13-hole Phase 2 drill program at Mazoa Hill, Golden Shield intends to release results from the completed nine holes, while drilling of the remaining four holes is underway. This round of drilling was designed to further refine the company’s model and establish the criteria for an updated resource calculation later in the year.
Following the completion of the Phase 2 drill program, the company’s geologists and field crews will focus on advancement of the existing prospects (see image at top) to drill stage and exploration (if there is merit) for additional prospects. Once results from Phase 2 drilling are received and additional drilling will be planned.
Earlier this spring, the company delivered drill results from the final four holes of a previous seven-hole program at Mazoa Hill, where 50 metres grading 9.10 g/t gold confirmed high-grade, continuous mineralization.
For the latest updates from the company, visit
goldenshield.ca.
FULL DISCLOSURE: This is a paid article produced by Stockhouse Publishing.