Shree in the Lachlan Fold Belt, Applies for new Tenement

  • Jul 31, 2020 AEST
  • Team Kalkine

Shree Minerals Ltd (ASX:SHH) announced that it has applied for exploration licences in the prolific Lachlan Fold Belt in the New South Wales. The tenement application (ELA6044) is 15 kilometres from the Bathurst and holds potential for bulk gold mineralisation.

The tenement shares the neighbourhood with exploration tenements held by Krakatoa Resources Ltd (ASX:KTA) and Alkane Resources Ltd (ASX:ALK). The tenement is located along the strike of high-grade gold deposits aligned in the north-northeast direction parallel to the regional strike.

The proposed exploration program will begin with the compilation of the exploration data and the field assessment of the historical gold workings within the license application. The application is in line with Shree strategy for acquiring project in the highly prospective regions and plans to initially focus on the exploration in the northern portion and the potential extensions of the gold mineralisation discovered by the neighbour Krakatoa Resources.


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