logo-loader
viewSt George Mining Ltd

St George Mining Ltd has gold assays pending from East Laverton

St George has wrapped up an initial 1580 metre reverse circulation drilling program at the Bristol gold target. Deeper drilling will be considered subject to assay results.

au_st_george_main_goldbearing_greenstone_belts_of_the_yilgarn_craton_350.jpg

St George Mining Ltd (ASX:SGQ) has now wrapped up an initial 1580 metre reverse circulation drilling program at the Bristol gold target, part of the wholly-owned East Laverton Project in Western Australia.

The program covered 17 holes.

Six drill holes were drilled to test the bedrock and regolith geology along a gold anomaly that extends for over 1 kilometre.

The gold anomaly is within a broad supergene horizon – typically at around 40 metres depth.

A further eleven short drill holes were completed across the prominent magnetic anomaly at Bristol to test for supergene gold mineralisation and to determine the bedrock geology.

Deeper drilling in this area will be considered subject to assay results.


Bristol background


The gold anomaly at Bristol was identified by shallow drilling completed in the 1990’s which intersected widespread anomalous gold (>0.5g/t) along the contact of the Bristol ultramafics/mafics with granites – a favourable setting for gold mineralisation.


New drilling at Ascalon


At the Ascalon gold target, drilling is underway in the follow‐up program of ten reverse circulation holes over 2000 metres.

The initial reconnaissance drilling by St George identified a prospective hydrothermal gold system that could potentially extend over 2 kilometres.


John Prineas, executive chairman, commented:

“The priority gold targets at East Laverton satisfy key targeting criteria for significant gold deposits – including important early fundamental structures that are first order controls on gold mineralisation.

“Our drill programs represent the first ever systematic exploration for gold at these targets and provide an opportunity for an exploration breakthrough in this highly prospective yet under-explored area.”

 

Proactive Investors is a global leader reporting financial news, media, research and hosts events for listed emerging growth companies and investors across four continents.

Quick facts: St George Mining Ltd

Price: 0.15 AUD

ASX:SGQ
Market: ASX
Market Cap: $61.89 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of St George Mining Ltd named herein, including the promotion by the Company of St George Mining Ltd in any Content on the Site, the Company...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Economics looking favourable at St George Mining’s ‘phenomenal’ nickel...

John Prineas, executive chairman of St George Mining Ltd (ASX:SGQ), spoke to Proactive London's Andrew Scott while in the City for LME Week 2018. ''We're currently drilling at the Investigators prospect which has a 1.5km strike ... we have massive nickel sulphides all along that strike,...

on 9/10/18

2 min read