Shree Minerals (ASX:SHH) begins aircore drilling at Dundas Project

November 27, 2022 06:42 PM PST | By Manisha

Shree Minerals (ASX:SHH) begins aircore drilling at Dundas Project — Image source: Company Update

Heritage survey in progress at E63/2048

In March 2022, Shree Minerals had executed a heritage agreement with the Ngadju Native Title Aboriginal Corporation (NNTAC) and a cultural heritage survey was conducted by NNTAC members over the company’s exploration tenements in southern part of E63/2046 and E63/2048 in October. The heritage survey was concluded in E63/2046 within the scheduled time; however, it is still in progress at E63/2048.

The company is moving ahead on its exploration plans for in-fill of the historical 1km spaced soil sample traverses in E63/2048 with a powered auger to define and prioritise targets for rotary air blast and reverse circulation drilling.

Update related to exploration licences

It has been interpreted that exploration licences (E63/2046 & E63/2048) in the Albany Fraser Orogen (AFO) are along strike of the well-endowed Boulder Lefroy Fault Zone (BLFZ) and the Zuleika Shear (ZS).

According to the company, lithium-in-pegmatite deposits are spatially related to these mineralised structures to the north of Shree’s tenure. Pegmatites have been recorded from historical drill logs proximal to these structures within E63/2046. During mapping, historical drill hole spoils containing pegmatite chips have been identified.

Also, historical drilling intersections up to 3 g/t Au are open, and the associated soil geochemistry proposes the mineralisation is way more extensive than suggested by drilling.

SHH shares were trading at AU$0.009 per share in the early hours of 28 November 2022.

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