Key Highlights:
Pancake Creek - Golden Shield intersects 90m shear zone in the second of three diamond drillholes atPancake Creek .- Mazoa Hill - Golden Shield intersects 15 m at 1.40 g/t Au from 14.5 m depth and 16 m at 1.01 g/t Au Incl. 8 m at 1.23 g/t Au from 71 m depth in initial drill results from the first 100 m of hole MH-24-40.
Golden Shield has now drilled 1336m in 6 drillholes at theMarudi Mountain property in 2024.
Initial results for the top 100m of the first deep drillhole at Mazoa Hill MH-24-040, have now been returned with >300 m of results still pending. Results from hole MH-24-40 yielded multiple high-grade gold intercepts across two double digit intervals. Hole MH-24-40 was designed to test the vertical extent of the steeply dipping ore shoot at Mazoa Hill. Unfortunately, the hole had to be abandoned at 417 m due to excessive deviation (See
Mazoa Hill Results
Hole MH-24-40 was designed to test the deep extension, and ore grade controls of the steeply dipping oreshoot at the Mazoa Hill deposit. The initial top 100 m of MH-24-40 have now been received (Table 1). The first 100 m of MH-24-40 displayed consistent FQ lithology (the host of gold mineralization on the
Table 1. Drill Results from hole MH-24-40
Drillhole | Depth of | Azimuth | Dip | From | To | Interval | Au (g/t) |
MH-24-40 | 417 | 118 | 56.5 | 14.5 | 29.5 | 15 | 1.40 |
AND | 71 | 87 | 16 | 1.01 | |||
INCL. | 77 | 85 | 8 | 1.2 |
The initial results illustrate the mineralization potential of the ore shoot across the Mazoa Hill deposit. This ore shoot displays consistent high-grade gold mineralization in Ferruginous Quartzite (FQ) host rock. Further results are awaited for the additional >300 m interval remaining in hole, MH-24-40. These results will help formulate a greater understanding of the overall controls and metal tenor of the Mazoa Hill deposit. These results will be implemented into an updated mineral resource in late 2024.
1134 m of diamond drilling has now been completed on the Mazoa Hill deposit in six drillholes. Drillhole MH-24-40 was completed at Mazoa Hill; however, the hole had to be abandoned at a depth of 417 m due to excessive deviation. Following this, the drill moved to Pancake and
All Golden Shield sample assay results have been independently monitored through a quality control / quality assurance ("QA/QC") protocol which includes the insertion of blind standards, blanks as well as pulp and reject duplicate samples. Logging and sampling are completed at Golden Shield's core handling facility located at the Marudi property. Drill core is diamond sawn on site and half drill-core samples are securely transported to
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