Golden Shield Resources (CSE:GSRI) has announced results of six initial diamond drill holes totaling 848 metres (m) that were drilled at the Toucan Creek area, one of eight prospects at its flagship 5,457-hectare Marudi Mountain gold project in the Rupununi District of southwestern Guyana.
The company said the first round of drilling at Toucan Creek intersected multiple intervals in four of the six holes drilled, with all reported intervals hosted within quartzite-metachert (QMC), which is also the host rock to gold mineralization at its Mazoa Hill prospect.
Golden Shield geologists were drawn to the area by outcrops of QMC that are visibly mineralised with oxidised pyrite returning anomalous gold values in surface sampling. It drilled 4.84 grams per tonne (GPT) gold over 6m and 2.58 GPT over 7m in the first holes, the company added.
READ: Golden Shield Resources set to kick off Phase 2 drill program at Mazoa Hill on the Marudi Mountain gold project in Guyana
"We are very pleased to have received initial drill results back from our new Toucan Creek prospect and are encouraged by the potential of this target,” the company’s vice president for exploration Colin Porter said in a statement. “The Toucan Creek prospect is located approximately 1.5 kilometres from Mazoa Hill, which is now where the drill is currently operating. To date, we have defined eight priority prospects at the Marudi Mountain gold project and are actively generating additional prospects".
Golden Shield said it will integrate the results with surface data to identify targets for follow-up drilling.
Results from trenching at the Kimberley, Success Creek and Throne prospects are also pending, as well as additional recce samples. The current drill program will focus on expanding the newly recognised extensions at Mazoa Hill, it added.
Vancouver-based Golden Shield is exploring three high-grade gold projects in Guyana: Marudi Mountain, Arakaka and Fish Creek.
Contact the author at stephen.gunnion@proactiveinvestors.com