St George Mining (ASX:SGQ) reports that it has completed an additional three drillholes as part of a maiden diamond drilling (DD) campaign at its 100% owned Paterson Project in Western Australia.
The results, as well as initial geological observations of the drill core, indicate a structural and alteration environment that is host to potassic rich granites that intrude on host sediments through brittle deformed faults and vein structures.
With the maiden DD campaign at Paterson now complete, St George announces it has moved forward with stakeholder engagement at its Ajana deposit as part of planning for an upcoming maiden drill program that is expected to commence later this year.
Speaking on the results, St George Mining’s Executive Chairman John Prineas said: “Eight drillholes have been completed in the current program. These very broad spaced holes tested several large conceptual target zones across the 35km strike of the Paterson Project area.
Significantly, all completed drillholes have confirmed the presence of a favourable geological setting to potentially host copper and gold systems. This is an important milestone for exploration and a big step forward in confirming the prospectivity of the Paterson Project.
“we will plan further drilling at the Paterson once assays are reviewed and areas of interest are prioritised”
We will plan further drilling at the Paterson once assays are reviewed and areas of interest are prioritised.
While we await assays for the Paterson, we are ramping up field work at our Mt Alexander and Ajana Projects in Western Australia.
Both the seismic and EM surveys at Mt Alexander have now been completed with interpretation and modelling of data underway. Early indications are that anomalies prospective for Ni-Cu-PGEs are emerging. Drilling will be scheduled once targets are finalised.”
The company also notes that with the first stage of the DD campaign now complete, exploration field work is now focused on its Mt Alexander drilling of nickel-copper-PGE targets, as well as further rock-chip sampling of pegmatite outcrop.
In addition, all drill core samples taken from the recently completed maiden DD campaign have been submitted for petrographic analysis with laboratory assays underway.
The Paterson Project is located in the East Pilbara region of Western Australia and is regarded as one of the most ‘highly endowed’ mineral provinces in Australia, which is host to the giant Nifty (2Mt Cu) and Telfer (27Moz Au) deposit.
The project’s granted exploration licence covers more than 35km strike of prospective stratigraphy, which is similar to those found in the Winu, Nifty, and Telfer deposits.
Images: St George Mining Ltd
