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- Shree Minerals (SHH) launches drilling campaign at its Lachlan Fold Belt project in NSW
- Reverse circulation and diamond drilling will be undertaken at the Rock Lodge prospect with a total of 14 holes planned for 1,400 metres
- Shree has planned three angled diamond holes to target depth extensions to sulphide mineralisation intersected in historical drilling
- The RC drilling will test induced polarisation chargeability anomalies and coincident anomalous soil geochemistry to the north and south
- SHH shares soared 33.3 per cent to cents two cents on March 1
Shree Minerals (SHH) has kicked off a drilling campaign at its Lachlan Fold Belt precious and base metals project in New South Wales.
The company said reverse circulation (RC) and diamond drilling will be undertaken at the Rock Lodge prospect with a total of 14 holes planned for an aggregate coverage of 1,400 metres.
The diamond drilling will test projected down-dip extensions to sulphide mineralisation intersected in historical drilling.
Shree said three angled diamond holes will target the past diamond drilling work, which in 1985 intersected up to eight metres of massive sulphide with recorded grades up to 4.28 grams per tonne gold, 35 g/t silver, 0.79 per cent copper and 13.5 per cent zinc.
Mineralisation in the area is associated with massive and disseminated pyrite‐arsenopyrite‐chalcopyrite‐sphalerite sulphides and quartz, within host phyllites and sandstone exposed on the surface as a distinct gossan and ironstone, the company said.
The RC drilling will probe induced polarisation chargeability anomalies and coincident anomalous soil geochemistry at the northern and southern target areas at Rock Lodge.
Rock chip samples of gossanous material and quartz veins collected by Shree returned a best value of 7.3 g/t gold.
Much of the historical drilling carried out at Rock Lodge focused on old workings seen throughout the area.
SHH shares soared 33.3 per cent to two cents by the end of the trading session on March 1.
