Golden Shield Resources (CSE:GSRI, OTCQB:GSRFF) Inc has announced initial results from the ongoing reverse circulation (RC) drill campaign at its flagship Marudi Mountain gold project in Guyana, which included 7 metres of 7.5 grams per tonne (g/t) gold and 15m of 0.94 g/t gold.
The gold exploration company said further assays for Marudi North are currently pending.
"The presence of high-grade gold in an unrecognized zone of the Marudi North prospect is an exciting step towards unlocking exploration potential on the Marudi Mountain Property," Golden Shield Resources (CSE:GSRI, OTCQB:GSRFF) executive chairman Leo Hathaway said in a statement.
"The RC drill rig has enabled the company to map fresh rock geology that exists under saprolite 'cover' and allows the company to iteratively de-risk exploration targets before advancing to diamond drilling," he added.
Golden Shield noted that it seeks to explore the Marudi Mountain Property for the favourable gold-bearing, Ferruginous Quartzite (FQ), lithology that is the primary host of mineralization across the property.
The company added that diamond drilling at the Mazoa Hill deposit, and additional targets, is expected during the first quarter of 2024.
Golden Shield Resources is a gold exploration company focused on three highly prospective 100%-owned exploration projects in Guyana, South America: Marudi Mountain, Arakaka, and Fish Creek.
Contact Sean at sean@proactiveinvestors.com