St George Mining Limited (ASX: SGQ) has announced the discovery of a significant clay hosted rare earth element (REE) system at its wholly-owned Destiny Project in the Eastern Goldfields region of Western Australia. St George acquired the Destiny Project, originally called Woolgangie, earlier this year and in September commenced on-the-ground exploration activities.
“These are ground-breaking results for the company in our first-ever drill programme at the Destiny Project, with high-grade rare earths confirmed along a 7km-long strike of the Ida Fault,” commented St George executive chairman, John Prineas.
“The flat-lying nature of the REE mineralization and the host clay zone allow for a fairly simple follow-up exploration programme of drilling along strike as well as infill drilling. We want to be back drilling at Destiny early in 2024 to unlock the full potential of this exciting REE discovery. “
St George completed a maiden drill programme at the Destiny Project during September 2023 to follow up thick intercepts of anomalous REE encountered in historical drilling in 2010 by Mincor Resources while it was exploring for nickel sulphides.
The historical intercepts included 84m @470ppm Ce+La+Y from 96m (WRC016; no assays for HREO), indicating potential for significant REE mineralization.
St George’s drill programme comprised 61 Air Holes holes for 2,145m of drilling. The area drilled covered 30km2 and included a 7km stretch of the Ida Fault. Six drill traverses were completed with vertical drill holes generally wide-spaced and 500m apart, drilled to shallow depths up to a maximum 110m.
In addition to the REE prospectivity at the Destiny Project, St George is advancing hardrock lithium exploration targets; field mapping and sampling of pegmatites is underway in an area adjacent to the Spargos Project of Neometals (ASX: NMT), where spodumene occurrences have been reported.
For further information, please visit: www.stgm.com.au
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