- Shree Minerals (SHH) identifies drill targets for its upcoming reverse circulation (RC) drilling program at the Bruce Project
- The company is planning a drill program which will test the gossanous veins at the project
- Detailed mapping will be carried out on these veins to improve the understanding of the structural setting and assist the drilling
- Shree is also waiting on results from a rock chip sampling program which will be reported after analysis
- Shree is steady on the market and shares are trading at 1.4 cents at 12:18 pm AEST
Shree Minerals (SHH) has identified drill targets for its upcoming reverse circulation (RC) drilling program at the Bruce Project.
The Bruce Project lies roughly 300 kilometres from Alice Springs and consists of gossanous and ferruginous quartz veins that extend for over 1.5 kilometres.
These veins are between one to two metres thick and previous sampling has returned up to 53g/t gold.
Shree will now begin planning and seeking approvals for a RC drilling program to test the gossanous quartz veins.
Drilling will focus on areas where the quartz veins are best exposed.
Detailed mapping will also be carried out on these veins to improve the understanding of the structural setting and assist the drilling.
Additionally, a site visit was undertaken in May to complete additional mapping of the quartz veins and previous workings.
Shree collected 18 rock chips samples which have now been submitted to the laboratory and are undergoing gold and multi-element analysis.
Results will be reported when they become available.
Shares in Shree were steady on the market and trading at 1.4 cents at 12:18 pm AEST.