St George Mining Limited (ASX: SGQ) has provided an update on work programmes at the Destiny Project, in the Eastern Goldfields region of Western Australia.
Drilling is underway to further define the near-surface high-grade zones of Total Rare Erath Oxides (TREO) discovered by St. George in December last year.
REE mineralization of up to 42m thick, with grades up to 5,125ppm TREO has been intersected in near-surface clay-hosted zones. Mineralization ahs a 7km-long strike and is open in all directions.
John Prineas, executive chairman, said, “We are excited to be drilling again at the Destiny Project with a clear target to further scope out the extent of the high-grade REE mineralization we discovered just a few months ago. The potential scale of Destiny is impressive with mineralization already confirmed along a 7km stretch of the Ida Fault zone, with a further 70km of prospective geology exposure within the project yet to be drill-tested.”
In addition, an auger soil survey was carried out over a 50km2 area targeting rare earth elements (REE) and lithium, with assay results pending. There is the potential to significantly expand the mineralized envelope at Destiny.
A recently flown aero-magnetic survey has highlighted several prominent circular magnetic features with a diameter of up to 2.5km. The signature of these large-scale features is consistent with a late-stage intrusion, potentially a carbonatite or mafic-ultramafic intrusion.
The circular features are along strike from the REE-rich clay zone, warranting investigation of whether any mineralized carbonatites could be the source of the REE mineralization.
Moreover, the exploration licence E63/2350 was granted on 23 February 2024, increasing the granted tenure at Destiny by a further 200km2.
To find out more, please visit www.stgm.com.au
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