Shree Minerals (ASX:SHH) wraps up RC Drilling program at Rock Lodge - Kalkine Media

Highlights

• Shree Minerals has completed an RC drilling campaign in Exploration Licence 9155, NSW.
• The program was intended to test gold soil and Induced Polarisation (IP) chargeability anomalies at the northern and southern target areas at Rock Lodge.
• Furthermore, Shree intends to undertake additional sampling and mapping at Bobundara.

Australia-focused minerals exploration company Shree Minerals Limited (ASX:SHH) has shared an exploration update for its Rock Lodge project in the Lachlan Fold Belt. 

In the announcement, the diversified mineral exploration company announced the completion of an RC drilling campaign at the exploration tenement in NSW. In February 2022, Shree had shared its plan to undertake a 15-hole RC drilling program at the Rock Lodge tenement, which is prospective for orogenic, Intrusion-Related Gold Systems (IRGS) and skarn-related gold mineralisation.  

Also Read: Shree Minerals (ASX:SHH) expands Lachlan Fold Belt portfolio 

Source: Company Announcement (26 April 2022)

The program was intended to test gold soil and Induced Polarisation (IP) anomalies within the northern and southern target areas of Rock Lodge. 

Must Read: Shree Minerals (ASX:SHH) soars ~118% on excellent Au & Li prospectivity at Dundas 

Fifteen RC Drill holes campaign 

The miner has completed the drilling of 15 RC holes for a total advance of 869 meters including two holes as pre-collars for planned deeper diamond drilling. Assay results from the laboratory are anticipated in coming weeks. 

Source: Company Announcement (26 April 2022)

SHH would plan to commence the two planned diamond drill holes and Down Hole Electro Magnetic surveys to search for off-hole conductors upon the resolution of pending statutory issues. The diamond drilling campaign will focus on the projected down-dip extensions to the extensive sulphide mineralisation. 

Also Read: A flick through Shree Minerals’ (ASX:SHH) December quarterly activities report 

Intrusion-Related Gold System style of mineralisation 

The mineralisation at the Rock Lodge prospect is interpreted to have the IRGS style of mineralisation. Associated with an intrusion, Shree believes that there is a huge potential for bulk tonnage gold mineralisation at depth. 

Source: Company Announcement (26 April 2022)

With bulk tonnage potential, multiple veins at the prospect represent the upper zone of a mineralised system above an intrusive body at depth. 

Shree’s next plan

Shree’s Rock Lodge Project contains a folded sequence of Ordovician aged Adaminaby Group shales/siltstones and Gungoandra Siltstones. Historical workings at Bobundara returned decent production results with a 21 g/t Au grade. 

Presently, Shree intends to undertake additional sampling and mapping at Bobundara, including soil and rock chip sampling along the strike of the main workings.