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Shree Minerals Ltd.
Summary
| Project: | Golden Chimney | |
|---|---|---|
| Deposit: | Golden Chimney | |
| Location: | Australia | |
| Commodities: | Gold-Arsenic-Copper-Zinc-Bismuth | |
| Date: | 12/17/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 17-12-2019: Shree Minerals Ltd. announces an Exploration/Drilling Update report for its Golden Chimney deposit at the Golden Chimney project. Drilling results incl. 4m @ 17ppb Au, 150ppm As, 198ppm Cu, 41ppm Zn, 1.48ppm Bi from 28m. RC Drilling assays fro | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Michael Busbridge (Not stated) | |
| ABSTRACT: | RC Drilling assays from the drill program completed in November at the Golden Chimney Project have been received. The project is located 40km south of Leonora (Figure 1). The world class deposit known as the Sons of Gwalia Gold mine occurs within this geological terrain (1.9 Moz Au in reserve at a grade of 7.5 g/t Au and past production of 4 Moz Au). Other significant and economic deposits include King of the Hills Mine (resources of 380,000oz Au), Tower Hill (625,000oz Au in resources), and Kallis– Trump and Ulysses (760,000oz Au in resources). Figure 2 illustrates the geochemical soil contours derived from the auger traverses completed in July 2019. Coherent near - surface gold anomalism is located over mostly mafic and felsic rocks as interpreted from aeromagnetic images and geological mapping. Three prospects were RC drilled (Figure 2): The Golden Chimney prospect, the Golden Chimney East and Golden Chimney West prospects. Only the Golden Chimney prospect, has been drilled by previous workers. Table1 below illustrates the specifications of the drilling program. | |
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