Shree Minerals Ltd (ASX:SHH) has kicked off RC and diamond drilling at the Rock Lodge prospect in Lachlan Fold Belt Project in NSW, Australia.
Approximately 11 RC holes and three diamond holes are planned for ~1400m of drilling. The diamond drilling will test projected down-dip extensions to the extensive sulphide mineralisation intersected in historical drilling.
The RC drilling will test Induced Polarisation (IP) chargeability anomalies and coincident anomalous soil geochemistry at the northern and southern target areas at Rock Lodge Diamond Drilling.
Three angled diamond holes will target extensive sulphide mineralisation identified in drilling from previous workers at Rock Lodge.
These historical holes focussed upon the old workings seen throughout the area. Diamond holes drilled in 1985 intersected up to 8m of massive sulphide with recorded grades up to 4.28g/t Au, 35g/t Ag, 0.79% Cu and 13.5% Zinc. Diamond hole SGDH08 intersected 12m @ 1.2 g/t Au, 9.8 g/t Ag and 0.2% Cu.
Six RC holes (MYRC001 to MYRC006) were also drilled underneath old workings at Rock Lodge by Alt Resources in 2018. Their drilling also intercepted massive sulphides in four holes. Significant drilling intercepts by Alt Resources included:
• MYRC001, 3m @ 2.1 g/t Au, 3.7 g/t Ag and 174 g/t Bi from 17m and 2m @ 2.7 g/t Au, 11.8 g/t Ag, 300 g/t Bi and 0.48% Cu from 62m; and
• MYRC005, 2m @ 1.6 g/t Au, 9.5 g/t Ag, 903 g/t Bi from 19m and 1m @ 1.4 g/t Au, 375 g/t Ag, 163 g/t Bi, 1.6% Pb from 23m and 1m @ 4.8 g/t Au, 0.48% Pb, 1.46% Zn from 57m.
The mineralisation is associated with massive and disseminated pyrite‐arsenopyrite‐chalcopyrite‐sphalerite sulphides and quartz, within host phyllites and sandstone. This is exposed on the surface as a distinct gossan and ironstone.
Diamond drilling by Shree will focus upon the projected down-dip extensions to the extensive sulphide mineralisation.
A third diamond hole will test the same IP anomaly and soil geochemistry anomalies between sections C – C’ and B – B’.
RC Drilling
Areas of old workings coincide with an IP chargeability anomaly caused by sulphide veins and quartz veins. Rock chip samples of gossanous material and quartz veins collected by Shree returned a best result of 7.3g/t Au with 6049ppm As and 446ppm Bi.
RC drilling will test those extensive and continuous IP anomalies that are also coincident with very anomalous soil and rock chip geochemistry. At the southern target area, an IP chargeability anomaly is located on what is interpreted to be the southern strike extension of the mineralised trend. Bedrock in the area is obscured by a thin layer of basaltic rock that has prevented previous rock chip and soil sampling. The target has not been drilled previously.
For further information please visit: https://shreeminerals.com/
