St George continues drilling at East Laverton

THE DRILL SERGEANT: St George Mining (ASX: SGQ) has completed four of five planned drill holes at the Ascalon gold target at the company’s 100 per cent-owned East Laverton project in Western Australia.

The fifth drill hole is underway with completion imminent.

All drill holes have intersected thick mafic units and associated late stage felsic intrusives with the rocks displaying evidence of intense alteration by hydrothermal fluids.

St George explained Ascalon is hosted within the thickest section of the Minigwal greenstone belt, which is situated in the hanging wall of the Minigwal Fault – a deep (trans‐lithospheric) structure providing a pathway for gold‐rich hydrothermal fluids to move from the mantle into the upper crust.

The company indicated it anticipates conducting a follow‐up drill program for Ascalon after the results from the initial drilling are reviewed.

Once the drilling of the final hole is completed, drilling will commence at the Bristol gold target.

“The strong hydrothermal alteration in the Ascalon drill holes is consistent with a favourable system for gold mineralisation.” St George Mining executive chairman John Prineas said in the company’s announcement to the Australian Securities Exchange.

“This is a very good start to the drilling at Ascalon.

“At Bristol, previous shallow drilling has established a gold anomaly over one kilometre.

“Our drilling will be the first ever test of the bedrock geology there and also offers the potential for a breakthrough discovery.”

Email: perth@goldroad.com.au

Website: www.stgm.com.au