- Shree Minerals (SHH) has begun fieldwork at its wholly-owned Turondale Project in the East Lachlan Fold Belt, NSW
- In early September, Shree completed a review of previous exploration undertaken at the project and identified two priority target areas
- The company believes the first target area covers possible extensions at the Quartz Ridge and Box Ridge prospects while target two lies at the Cheshire Creek and Winburndale prospects
- Under this fieldwork program, Shree will undertake sediment sampling over the Quartz Ridge, Box Ridge and Cheshire Creek prospects
- Upon completion of the stream sediment sampling, Shree will undertake soil sampling and geological mapping to identify the source of the mineralisation
- Shree has ended the day 9.52 per cent in the red with shares trading at 1.9 cents
Shree Minerals (SHH) has begun fieldwork at its wholly-owned Turondale Project in the East Lachlan Fold Belt, NSW.
In early September, Shree completed a review of previous exploration undertaken at the project and identified two priority target areas.
Shree believes the first target area covers possible extensions of historical workings completed at Krakatoa Resources’ (KTA) Quartz Ridge and Box Ridge prospects.
Both prospects are typical gold-bearing quartz reefs with gold mineralisation hosted in north-south trending quartz veins.
These veins have widths ranging between 0.3 metres to 3 metres and span a strike length of 2.4 kilometres.
Previous reverse circulation (RC) drilling intersected two metres at 6.5g/t gold from 30 metres including one metre at 10.4g/t gold.
The second target lies near the historic alluvial and hard rock workings at the Cheshire Creek and Winburndale prospects.
Highly anomalous results of gold, copper and lead have been identified, returning up to 2.5g/t, 3700 parts per million (ppm) and 980 ppm, respectively.
Under this fieldwork program, Shree will undertake sediment sampling over the northern portion of the project to locate possible extensions to the Quartz Ridge and Box Ridge gold trends.
Stream sediment sampling will also be undertaken at Cheshire Creek.
Upon completion of the stream sediment sampling programs, Shree will undertake soil sampling and geological mapping to identify the source of the mineralisation.
Shree has ended the day 9.52 per cent in the red with shares trading at 1.9 cents in a $16.99 million market cap.