Shield Mining Limited

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

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 (see plan below). 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 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.

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)

Latest Presentation
Download the latest Shield Mining Limited's presentation. Click here for PDF (5Mb).