St George Mining Ltd (ASX:SGQ) now has a major gold focused drilling program underway at the wholly-owned East Laverton Project in Western Australia.
The program will include the first ever drilling of bedrock geology at priority gold targets, which are located in a favourable structural setting with strong associated gold anomalism established by shallow historical drilling.
Ascalon is the first gold target to be drill tested with drilling costs co‐funded by a WA Government grant under the Exploration Incentive Scheme.
A total of 2300 metres of reverse circulation drilling is planned in the first phase.
The area already hosts the world-class Tropicana (+8 million gold ounces) and the Gruyere (+6 million gold ounces) deposits.
John Prineas, executive chairman, commented:
“We are very excited to begin drilling of our highly rated gold targets at East Laverton which satisfy key exploration targeting criteria for significant gold deposits.
“The targets have never been systematically explored for gold and provide us with an opportunity to make an important discovery.”
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