Shield Mining Limited (ASX:SHX) is an Africa-focused gold and base metals explorer listed on the Australian Securities Exchange.

Shield currently holds three licences which cover a total area of 2,242km² 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 3275 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, drilling re-commenced on the Tijirit Project in November 2009.

Shield also has a joint venture agreement on Saboussiri, a copper/gold property 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. 

Profile in African Mining
A story on Mauritania and a profile of Shield's Managing Director, David Netherway, was published in the December issue of African Mining. Click here to read it (pdf 4.6mB)

Presentation given at the Shield Annual General Meeting
Download the latest presentation given at the Shield Annual General meeting on the 13 November 2009. Click here for PDF (5.6Mb)

HEADLINE NEWS

11th August, 2009

Shield raises $2.1 in a fully subscribed rights issue and private placement.

15th May, 2009

Results from the drilling programme of 3275 metres completed at Tijirit are now avaiable. 

The highest grade intersections include:

- 6 metres @ 17.63 g/t Au (from 10m to 16m depth in ERC4)

- 6 metres @ 10.47 g/t Au (from 16m to 22m depth in SRC10)

- 2 metres @ 24.90 g/t Au (from 56m to 58m depth in SRC24)