Golden Shield Resources (CSE:GSRI, OTCQB:GSRFF) has announced promising final results from its 2024 diamond drilling campaign at the Marudi Mountain property in Guyana.
The campaign, which comprised 2,592 meters across eight holes, has delivered high-grade gold findings at both the Mazoa Hill and Pancake Creek prospects.
At Mazoa Hill, drilling confirmed a high-grade gold intercept of 4.16 grams per tonne (g/t) gold over 23 meters, including 7.01 g/t gold over 11 meters.
At Pancake Creek, drilling from surface yielded 25 meters grading 3.01 g/t gold, with additional anomalous gold intercepts in a newly discovered shear zone.
Leo Hathaway, executive chairman of Golden Shield, commented: "The results from Mazoa Hill demonstrate the high-grade nature of the deposit, and leave it open to depth and to the west.”
“The discovery of a high-grade gold near surface zone at Pancake Creek is extremely exciting and requires follow up.”
Hathaway told shareholders that the drill results point to the potential that remains on the property.
Continued exploration efforts at Marudi Mountain will focus on several high-priority targets, including extending the favorable host rock at Mazoa Hill to the west and at depth, following up on the significant gold intercepts at Pancake Creek, and testing additional targets identified through recent geophysical surveys and surface sampling.
“Golden Shield has made an efficient and effective start to 2024, building on three previous years of smart and cost-effective exploration,” Hathaway added.