St George Mining Limited (ASX: SGQ) has completed the diamond drill programme at its 100% owned Paterson Project, in the East Pilbara region of Western Australia.
This maiden diamond drill programme was a major escalation of our greenfields exploration at the Paterson Project and tested priority structural targets for the potential to host large copper-gold systems.
The final three drill holes have now been completed as the company awaits on assay results,
“Eight drill holes have been completed in the current programme. These very broad spaced holes tested several large conceptual targets zones across the 35km strike of the Paterson Project area,” Executive Chairman, John Prineas, said,
“Significantly, all completed drill holes have confirmed the presence of a favourable geological setting to potentially host copper and gold systems. This is an important milestone for exploration and a big step forward in confirming the prospectivity of the Paterson Project.
“We will plan further drilling at the Paterson once assays are reviewed and areas of interest are prioritised.
“While we await assays for the Paterson, we are ramping up field work at our Mt Alexander and Ajana Projects in Western Australia.
“Both the seismic and EM surveys at Mt Alexander have now been completed with interpretation and modelling of data underway. Early indications are that anomalies prospective for Ni-Cu-PGEs are emerging. Drilling will be scheduled once targets are finalised.
“We will also continue our field-mapping and rock chip sampling of the extensive pegmatite outcrops at Mt Alexander. These pegmatites may be part of the same system that hosts the nearby major lithium discovery announced by Red Dirt Metals.
“At the Ajana Project, we are engaging with the local farmers regarding land access arrangements as we also progress target generation in advance of a maiden drill programme planned later this year. Drilling will focus on testing a large interpreted mafic intrusion within the Northampton Block, located near the western margin of the Yilgarn Craton and proximal to historic base metal mines.
“We are excited by the potential for Ni-CuPGE mineralisation at this greenfields project.
“We look forward to reporting on these exciting developments in the coming weeks.”
Mr Prineas said initial drilling at Paterson supports the potential for discovering a large mineral system.
All widely spaced diamond drill holes have intersected sandstone, siltstone meta-sediments and carbonate-rich sediments of the interpreted Punta-Punta formation with granite dykes and amphibolites intruding the stratigraphic package. The Punta Punta Formation is part of the Yeneena Basin sediments known to host numerous known deposits within the Paterson Province.
As with previous completed drill holes, the drill core for the latest holes shows locally intense alteration and hydrothermal veining with multiple zones of sulphides.
These features are evidence of hydrothermal and mineralising processes and support the potential for mineralisation occurring within the Paterson Project. In particular, the thick carbonate rich sediments noted in PDD007 may provide a favourable depositional setting for gold-copper mineralisation and are highly encouraging.
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