Business Overview
Shaw River Resources Limited is a gold, base metals metals and uranium exploration company focused on the discovery, definition and development of high value mineral deposits. If Shaw River is successful in identifying and delineating economic mineralisation, it intends to participate in the subsequent mining of those deposits.
Including recently announced mineral rights acquisitions, Shaw River now holds tenements and mineral rights under management of over 6000km2. Its projects are located in the Pilbara and Ashburton regions, two emerging mineral provinces in the resource-rich state of Western Australia. Currently well known for its great endowment of iron ore, the Pilbara is now re-emerging as a significant base metals and gold province. The Pilbara hosts the Telfer gold mine and a string of commercial operations like Whim Creek (Straits Resources Limited), Radio Hill and Whundo (Fox Resources Limited), and the planned Sulphur Springs (CBH Resources Limited). Shaw River is looking to capitalise on the prospectivity of previously under explored geological terrain.
The land package is prospective for nickel, zinc, copper and gold. Known target prospects exist on our tenements for Archaean lode gold deposits, shear zone hosted gold and ultramafic hosted nickel sulphides, base metal VHMS (Volcanogenic Hosted Massive Sulphide) Zn-Pb-Ag-Au, as well as sandstone hosted roll front hosted Uranium and IOCG (Iron Oxide Copper Gold). The understanding of these styles of mineralisation is responsible for a renewed wave of exploration success and mine developments across the Pilbara.
In response to supporting evidence where initial exploration and drilling has taken place the Company will be targeting opportunities that have the potential to yield 1 million oz gold (Au), 5,000 tonnes of uranium oxide (U3O8), 18,000 tonnes nickel (Ni), 78,000 tonnes copper (Cu) or 149,000 tonnes zinc (Zn) metal.
Shaw River has an extensive and well managed digital database. This includes a comprehensive drilling and sampling database, integrated with an extensive Geographical Information System (GIS). This database has been compiled to JORC recommendations and requirements, and represents a significant ongoing investment by Shaw River. The database is essential for Shaw River to enable efficient and effective sampling, drilling and target generation.
The company is well funded with activities planned on key projects in 2008. Activities including extensive drilling will advance the company's Hedland, Mt Minnie, Farrel Well and Abydos projects. By the effective application of proven and where applicable innovative exploration techniques such as soil geochemistry, MMI, BLEG and geophysics the Board is optimistic about the likelihood of exploration success.
Exploration Status & Project Plan
| Project | History | Planned 2008 Activity |
|---|---|---|
| Hedland gold and base metals | Tabba Tabba Shear Zone Extension. Discovery by De Grey immediately along strike | Drilling, Geophysics and MMI sampling planned in 2008 |
| Abydos | Historical gold mining at Lynas Find, Lallah Rookh. Nickel anomalism, underexplored VHMS potential | Mapping, rock chip sampling, soil sampling and RAB drilling in 2008 |
| Farrel Well Zinc, Nickel | High order soil anomalies in prospective rock sequences at Edsel zinc and Morgan Nickel | Geophysics (IP and EM) and RC Drilling |
| Mt Minnie copper gold | Seahorse, Mussel, Central Cu-Au anomalies. Turtle/Range Cu Mines extensions | Soil sample extension of old Cu Mines and Cu-Au anomalies, RAB Drilling |
| Mt Minnie uranium | Limited historical drilling on known prospective channels geophysical and radiometric anomalies | Uranium target generation and drilling in 2008 |