St George Mining (ASX:SGQ) has intersected thick multiple ultramafic units and sulphide-rich sequences in its second hole at Desert Dragon Central, located at the wholly-owned East Laverton Property in Western Australia.
Elevated copper sulphide mineralisation was visually identified, and detailed geological logging and XRF analysis of the drill hole is ongoing.
The first hole intersected a massive nickel sulphide stringer.
Assays will be reported in the coming weeks with potential for significant intersections of mineralisation to be prioritised for faster processing.
John Prineas, executive chairman, commented: “The preliminary results from the first two drill holes at Desert Dragon are very pleasing.
“The first hole intersected a massive nickel sulphide stringer which we are now following up by drilling the basal contact below that nickel intersection.
“The second hole has intersected copper and zinc sulphides, which look very interesting.
“Our best drill targets have yet to be drilled, so we have tremendous exploration potential ahead of us.”
VMS potential
The VMS potential at the East Laverton Project was highlighted through the results of the 2012 reconnaissance drilling completed by BHP Billiton Nickel West as part of the previous Project Dragon farm-in arrangement.
That drilling intersected thick metal‐rich and sulphide-rich sediments with elevated levels of zinc and copper mineralisation.
St George said that the latest VMS-style mineralisation intersected appears to be more copper dominant which may indicate that the drill hole is located in a more central position within the VMS system.
The strong gravity anomaly at Desert Dragon Central, is now a high priority target for follow-up drilling.
A new drill hole is being planned to test the centre of the positive gravity feature.
Analysis
St George's highly prospective drilling program testing of EM conductors for massive nickel sulphides has delivered some early promising results.
The latest hole (number two) has intersected copper and zinc sulphides, which followed a massive nickel sulphide stringer in the first.
Assays will be reported in the coming weeks with potential for significant intersections of mineralisation to be prioritised for faster processing.
Adding intrigue, St George said its best targets are still to be drilled.
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