St George Mining Limited (ASX: SGQ) has announced further exploration progress at C1, a high-priority target for a potential mineralized late-stage intrusion, at the 100% owned Destiny Project located in the Eastern Goldfields region of Western Australia.
The Destiny project is part of St George’s portfolio of clean energy metals projects in the Tier 1 mining jurisdiction of Western Australia, focused on the discovery of major new mineral deposits with a pipeline of highly prospective exploration targets for niobium, rare earths, lithium, copper, and nickel sulphide.
John Prineas, St George’s executive chairman, commented, “C1 is a compelling exploration target and we are pleased to have been able to complete the follow up gravity survey quickly. The results of the new survey are highly promising and further upgrade the prospectivity at C1. We are accelerating approvals to be able to drill C1 and look forward to drilling this exciting target at the earliest opportunity.”
C1 is a circular shaped feature that presents as a late-stage intrusion in the magnetic data with a magnetic high around its rim and a low amplitude magnetic core. The feature has a diameter of 2.1km and is an exploration target for a potential carbonatite or mafic intrusion.
A gravity survey completed in April 2024 identified a gravity high in the core of C1, indicating the presence of dense material in the core.
This favourable result warranted the completion of a close-spaced gravity survey to further define the density characteristics of C1’s core, and the follow-up gravity survey was fast-tracked and completed earlier this month. The tight grid spacing of the latest survey provided high-resolution data, with the greater detail in the new data delineating several discrete gravity highs within the C1 core.
Some of these gravity highs are coincident with discrete magnetic highs – a geophysical signature that may represent mineralization and present as high-priority targets for drilling.
In addition, programme of works and heritage clearance applications have already been initiated in preparation for drill testing, which is anticipated to commence early in H2 2024.
To find out more, please visit www.stgm.com
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