St George Mining Ltd's (ASX:SGQ) initial drilling at the Ascalon prospect has confirmed an extensive metal-rich hydrothermal system with associated anomalous gold mineralisation.
Ascalon is within St George's wholly-owned East Laverton Project in Western Australia.
Assay results have been received for four drill holes.
John Prineas, executive chairman, commented:
“The initial results at Ascalon are very encouraging and follow‐up targets have already been identified.
“Early indications at Bristol are also positive and we are eagerly waiting the first assays from the completed holes there.
“These early indications of potential gold mineralisation give us confidence in expanding our gold exploration and drilling program at East Laverton.”
St George’s East Laverton Project is a dominant landholding in the under-explored eastern margin of the North Eastern Goldfields.
The project is surrounded by major gold mines with the +8M million ounce Tropicana deposit to the east, the +6 million ounce Gruyere deposit to the north and the world class Laverton gold field to the northwest.
The strong history of gold discoveries in the region illustrates the potential for the under-explored East Laverton Project to also host economic gold mineralisation.
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