Hedland Project

The Hedland project lies approximately 42 kilometres south east of the town of Port Hedland.  The Hedland project consists of three exploration licences and an application for an exploration licence proposed to be acquired 100% by Shaw River and access is via the sealed Marble Bar to Port Hedland Highway which transects the project.

Hedland covers a belt of ground approximately 50 kilometres long and up to 20 kilometres wide that trends north east – south west.  The tenements are bound by the Mallina and Tabba Tabba shears to the west and east respectively.  Both these structures and crustal scale faults are widely accepted to be key contributing factors in the formation of local gold and base metal deposits at Turner River, Indee, Wingina Well, Orchard Well and Supply Well.

De Grey Mining Ltd (“De Grey”) recently discovered that base metal mineralization lies immediately along strike of the Tabba Tabba shear zone.  The tenor of the results have strong similarities to VHMS style deposits.  Drillhole intersections include 16m at 1.19g/t Au, 167g/t Ag, 0.16% Cu, 1.81% Pb and 3.79% Zn from 165m in WARC022 and 21m at 1.08g/t Au, 137g/t Ag, 0.08% Cu, 2.10% Pb and 4.65% Zn in WARC045.  Use of Airborne VTEM techniques, similar to those used successfully by Fox Resources at Whundo, have been used by Shaw River in its initial assessment of the Hedland Project.

Shaw River has some 14 kilometres directly along strike from the trend of known mineralisation discovered by De Grey, where there has been no previously recorded exploration, the area can be considered prospective.

In 2007, Shaw River has undertaken VTEM geophysical surveys over the  prospective strike extension of the Tabba Tabba shear zone.  Drilling has been used to identify the limits of the belt and shear zones as well as isolate geochemical anomalism at the base of the shallow cover sequence.

Shaw River's tenement E45/2569 overlies this projected extension and the intersection of the Tabba Tabba and Mallina Shear Zones. In August 2007, the first ever air-core drilling program was completed over the projected position of the greenstone belt. A total of 150 holes for 2543m were drilled and a total of 1685 samples (composited to 4m in overburden, 1m samples in regolith and bedrock) were collected and submitted for multi-element analysis (Au, Ag, Cu, Pb, Zn, As, Ba, Mo, Ni, Se, Te and U).

In November 2007 the company announced results from initial RC drilling at Shaw River has received gold assays from the first RC holes drilled at Hedland. Best results included:

• 1m at 6.65 g/t gold from 36m in STRC013
• 2m at 1.15 g/t gold from 47m in STRC006
• 8m at 0.69 g/t gold from 130m including 3m @ 1.54g/t gold from 133m in SCRC012