Golden Shield Resources (CSE:GSRI) Inc has revealed new drill results from the prospective Mazoa Hill target on its Marudi Mountain project in southern Guyana.
The results confirmed high-grade, continuous mineralization at the target, Vancouver-based Golden Shield said.
Highlights from the final four holes of a seven-hole program include 50 metres at a grade of 9.10 grams per ton (g/t) gold.
Golden Shield said it interprets a deeper zone of 12 metres grading 5.47 g/t gold to represent a downdip continuation of the high-grade intersection from another of the seven assay results released earlier in March. The deeper four intersections in the hole are outside the historical resource, it added.
READ: Golden Shield Resources uncovers two new mineralized zones near Mazoa Hill target on its Marudi Mountain gold project in Guyana
Colin Porter, Golden Shield’s vice president exploration, told shareholders that the company is “extremely encouraged” by the latest results from Mazoa Hill.
“The identification of significant and continuous high-grade mineralization outside the existing resource area is confirming our revised structural model,” Porter said in a statement. “The next round of drilling will be designed to further refine this model and establish the criteria for an updated resource calculation later in the year."
Golden Shield is waiting for the results from 848 metres drilled in six drill holes at the Toucan Creek prospect on the property.
Additional drill targets on the Marudi project will be identified in the coming weeks and additional drill testing carried out.
Golden Shield owns 100% of the Marudi Mountain, Arakaka and Fish Creek high-grade gold projects in in Guyana.
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