Shree Minerals launches field and heritage surveys at expanded Dundas Project
Proactive Investors
Published Sep 01, 2022 09:07
Updated Sep 01, 2022 09:30
Shree Minerals launches field and heritage surveys at expanded Dundas Project
Shree Minerals Ltd (ASX:SHH) has begun a suite of field and heritage surveys on the recently extended Dundas Project in Western Australia, a key step in advancing the project’s exploration activities.
Having been recently granted two extra exploration licences for the project – with a third application pending – the company has begun a spring flora survey, with a fauna survey to follow this week, and a heritage survey scheduled for November this year.
SHH will also use rotary air blast (RAB) drilling to test the previously identified lithium potential of the tenure once surveys are complete.
Finally, Shree Minerals will refine several historical geochemical anomalies with an auger soil sampling program.
Important fieldwork milestone
“Commencement of fieldwork was an important milestone as we continue to advance the Dundas Project which has a potential for a significant discovery,” Shree Minerals executive director Sanjay Loyalka said.
“The acquisition of the project is a culmination of the company’s concerted business development efforts.
“It is extremely pleasing that the company was able to secure this project located within a major regional structural corridor containing world-class deposits of gold and lithium deposits.”
Two of Shree’s exploration licences – and its pending application – are along strike from the Boulder Lefroy Fault Zone and the Zuleika Shear.
These geological structures are considered to be host to ‘world-class’ lithium in pegmatite deposits, with lithium recorded in historical drill logs near these structures on the project.
Neighbour Dundas Minerals Ltd (ASX:DUN) has also encountered anomalous nickel and rare earth element (REE) mineralisation close to the southern tenement boundary of Shree’s tenure.
In addition, historical drill core intersections have revealed gold mineralisation of a grade up to 3 g/t, which soil geochemistry suggests is much more extensive than drilling has indicated so far.
Advancing Dundas Project at pace
“The company has been advancing the project through various processes at the earliest opportunity with the commencement of botanical surveys in early spring this year after the grant of exploration licences in November 2021,” Loyalka continued.
“In a new tenement application untested VTEM [versatile time domain electromagnetic] conductors with coincident anomalous soil nickel geochemistry have not been drilled.
“The location of these exciting projects in an under explored region of the state leads Shree to rate the exploration potential of the four tenements as very high.”
Location of Shree’s Dundas Project.
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