THE DRILL SERGEANT: St George Mining (ASX: SGQ) advised of completion of the first drilling program undertaken at the company’s Paterson project, located within the Paterson region of Western Australia.
St George Mining’s maiden drill program at the Paterson project commenced in early June with 10,000m of planned air core (AC) and reverse circulation (RC) drilling.
The program comprised several wide spaced drill traverses designed to test the lithology and depth of cover across a 35 kilometres strike of prospective stratigraphy.
St George was encouraged by multiple drill holes intersecting prospective basement rocks, including chalcopyrite bearing, intensely altered and gossanous metasediments.
The company considers these rocks to be indicative of potential base metal and gold mineralisation in the project area.
“The inaugural drill program at our Paterson project is delivering great results with confirmation of basement rocks that are known to host major copper and gold deposits in the Paterson region,” St George Mining executive chairman John Prineas said in the company’s ASX announcement.
“The RC rig has done its job at Paterson and has now mobilised to our Mt Alexander nickel-copper sulphide project in the Goldfields to drill a range of new targets as well as complete some resource definition drilling.
“We will announce more about the Mt Alexander drilling shortly.
“The next phase of drilling at Paterson will be with diamond core drilling – this will be deeper drilling to further test the emerging copper and gold targets that we have identified.
“A diamond rig is scheduled to arrive at Paterson in mid-October, which gives us time to first complete an important airborne EM survey over the high-priority areas of interest.
“The data from this survey will assist to better define the copper and gold targets for the diamond drilling.
“We are also pleased to launch our first exploration work at our second Paterson tenement – E45/5422 – with a gravity survey to be completed there later this month.
“The Paterson region has already delivered several major copper and gold discoveries.
“As a new entrant to the region, we are excited that our maiden drilling program has delivered such encouraging signs about the fertility of our ground for base metal and gold mineralisation.”
TO READ THE FULL ANNOUNCEMENT: CLICK HERE