St George Mining Ltd (ASX:SGQ) has encountered visual copper sulphide and local quartz veining in three more drill holes completed during the maiden diamond drilling program at Paterson Project in the East Pilbara region of Western Australia.
Initial geological observations by SGQ indicate locally intense alteration and hydrothermal veining with multi zones of sulphides in these drill holes, similar to those intersected in the first two diamond drilled holes of the program.
St George is encouraged by the results from the drill program so far, having intersected lithologies that appear consistent with known major copper-gold deposits in the Paterson Province.
Validation of systematic exploration strategy
“Our maiden diamond drill program at Paterson is progressing strongly, with five holes now completed and all delivering indications that our systematic exploration strategy is heading in the right direction,” St George Mining executive chair John Prineas said.
“Considering the very widely spaced drilling that is being undertaken in this program, early geological observations of the drill core are very encouraging.
“There is locally intense alteration and brecciation with evidence of pervasive hydrothermal fluids. Widespread intervals of disseminated sulphides are noted in the drill core including visible chalcopyrite (copper sulphide) which is awaiting confirmation by assaying.
“Detailed logging of the core for PDD003, PDD004 and PDD005 is in progress and observations included in this release should be considered qualitative, pending laboratory assays.
“These are great looking rocks to host the styles of mineralisation we are targeting.
“Drilling is continuing and we look forward to reporting further drill results including laboratory assays in the coming weeks.”
Laboratory assays are expected within 6-8 weeks and are required to determine grade and widths for geological reporting.