St George Mining Claims Base Metals Discovery

THE DRILL SERGEANT: St George Mining (ASX: SGQ) declared the discovery of zinc, lead and silver mineralisation from its first drilling campaign at the company’s 100 per cent-owned Ajana project in Western Australia.

St George Mining reported assays results it has interpreted to confirm multiple intersections of near-surface mineralisation across a broad area of the Ajana project tenure.

The discovery intersections are associated with a 25km-long magnetic anomaly that has been named the Perseverant prospect, which St George considers to highlight potential for Ajana to host a large-scale mineral deposit.

Assays for RC drilling at the Perseverant prospect, include:

AJRC002
5m at 1.23 per cent zinc and lead (Zn+Pb), 7.2 grams per tonne silver from 57m, including 1m at 2.06 per cent Zn+Pb, 3.66 g/t Ag from 61m, and 1m at 4.22 per cent Zn + Pb, 1.1 g/t silver from 95m;

AJRC003
1m at 1.83 per cent Zn+Pb, 1.34g/t silver from 99m; and

AJRC004
1m at 2.01 per cent Zn+Pb, 8.81g/t silver from 45m.

“The exciting initial drilling results at Ajana are located in a previously unexplored area, beneath shallow overburden,” St George Mining executive chairman John Prineas said in the company’s ASX announcement.

“It is a blind discovery – a credit to our technical team and their use of modern geophysics and other exploration technologies.

“Our corporate strategy includes identifying high-leverage greenfields opportunities in stable jurisdictions and it is very pleasing to see this strategy deliver immediate success at Ajana.

“It is early days but the signs are there that this discovery could evolve and result in the definition of significant mineralisation.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE