Shield Mining (SHX)

Shares / Stock Code

SHX

Stock Exchange / Sharemarket

Australian Securities Exchange

Shield Mining (SHX) is an Africa-focused gold and base metals explorer listed on the Australian Securities Exchange (ASX) on 27 September, 2006. Shield currently holds four licences which cover a total area of 2,429km2 in Mauritania.

The flagship project is the Tijirit licence which hosts 6 prospects each of 1-2.5km strike length. These prospects are 35km SW of the Tasiast Gold Mine(producing 230,000 oz/annum) and have similar geology and characteristics. A 3,275 metre drilling programme was completed in April 2009 on 3 of these targets. Following a successful rights issue raising $2.1 million in August, 2009, another drilling programme was completed in January, 2010, with results announced in February. Shield Mining is listed on the Australian stock market.

Shield Mining also has a joint venture agreement on Saboussiri, consisting of two copper/gold properties in southern Mauritania for which it is the manager. Following an aerial geophysics program, Shield now has a drill ready copper target on this property. Adjacent to the Guelb Mohgrein Copper/Gold mine owned by First Quantum, Shield has the Akjoujt property. A gravity survey was flown over this in February, 2010 and follow-up work has started.

The Company’s Tijirit Project is located 35 kilometers south-east of the Tasiast gold mine. The Tijirit Project hosts six prospects each of 1 to 2.5 kilometer strike length. Shield Mining Limited also has a joint venture agreement on Saboussiri, a copper/gold property in southern Mauritania, for which it is the manager. The Company’s subsidiaries include Shield Mining Mauritania SA, Shield Saboussiri Holdings Ltd, Shield Saboussiri Mining Mauritania SA and Shield Holdings Ltd.

Shield Mining (SHX) Products and Services

  • Exploration for base metals and gold.

Shield Mining (SHX) Locations and Subsidiaries

Shield Mining Head Office
680 Murray Street, WEST PERTH,
WA, AUSTRALIA, 6005
Phone: (08) 9322 8393
Fax: (08) 9322 5444

Shield Mining (SHX) Share Price

Submitted by ASX Listed Company on 30 May, 2010 - 14:42

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