Latest drilling confirms multiple stacked Au & Ag lenses at Shree Minerals’ (ASX:SHH) Rock Lodge

Highlights

• Shree Minerals has intersected multiple stacked Gold & Silver lenses at the Rock Lodge prospect.
• New drilling results coupled with previous drilling map out a mineralised envelope that’s 60m wide.
• Shree plans to drill two or three deeper diamond drill holes at the prospect in the future.

Shree Minerals Limited (ASX:SHH) is charging ahead with encouraging drill results from the Rock Lodge prospect in the Lachlan Fold Belt of NSW.

Earlier today, SHH announced that it had intersected multiple stacked Gold & Silver lenses at the deepest hole, SRLRC005 at Rock Lodge. The deepest hole intersected 4 separate mineralised zones from 75m to 99m downhole, including [email protected] g/t Au & another [email protected] g/t Au.

Interestingly, the Rock Lodge prospect covers an area of 163 km² and exhibits high-grade polymetallic mineralisation associated with structurally controlled epigenetic massive sulphide veins. Historical drilling results demarcate that the area is highly mineralised and mineral assemblages are similar to other major mineral deposits, located within the Canberra region to the Cooma region of the Ordovician Lachlan Fold Belt.

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

Prospects of multiple mineralised zones

At the end of hole SRLRC005 at a depth of 102m, Shree found that rocks were pervasively hydrothermally altered, suggesting that additional downhole zones might have been intersected if excessive water flows had not stopped drilling.

Source: Company Announcement (31 May 2022)

Not limited to this, Shree’s drilling has also encountered mineralisation in SRLRC02 (8m @ 1.08 g/t Au including 3m @2.12 g/t Au), located west of SRLRC005.

Furthermore, SHH’s Chief Geologist Mr. Michael Busbridge highlighted that the intersections at holes SRLRC02 to SRLRC05 along with the historical drill hole, including MYRC01, constituted a very broad (60m) mineralised envelope of stacked vertical lenses of significant polymetallic sulphide at Rock Lodge.

Also, IP anomalies and similar anomalous rock chip signatures, 200m to the north, suggested that the mineralisation envelope could continue to this area. Since the mineralisation envelope remains open in all directions, drilling focuses on continuity, depth and lateral extent of the stacked veins, and represents an extremely high-priority target for Shree. Remarkable results from the hole suggest that Shree should expect to find multiple mineralised zones in future drill programs.

Wide mineralisation footprint

Shree had started the RC drilling program in April to test priority drilling targets, including IP anomalies that coincided with anomalous soil and rock chip geochemistry.

Good Read: Shree Minerals Ltd. (ASX:SHH) galloping on the gold and iron ore opportunities

The holes not only intersected the mineralisation of gold and silver, but varying amounts of bismuth, arsenic, lead, copper, cadmium, antimony, and zinc were also found.

Significant RC drilling Intersections of the drilling program are as follows:

Source: Company Announcement (31 May 2022)

Shree’s further plan

In the future, Shree plans to drill two or three deeper diamond drill holes at the prospect.

Additionally, the miner also intends to undertake a Down Hole Electro Magnetic Survey (DHEM) to search for off-hole conductors, possibly representing wider massive sulphide mineralisation.

Must Read: Shree Minerals (ASX:SHH) outlines growth opportunities across portfolio

Furthermore, the diamond drilling will also help the Company to collect orientated structural data, including dips and strikes of mineralised veins. This will also help SHH to calculate true widths of mineralisation and for future drill hole planning.