St George Mining Intersects Pegmatites with Visible Lithium
THE DRILL SERGEANT: St George Mining’s (ASX: SGQ) lithium search is paying early dividends with the company reporting encouraging results from its Mt Alexander project in the Goldfields of Western Australia.
St George Mining said there had been early indications that the maiden RC drill program has intersected lithium-bearing pegmatites below surface with rock chip samples returning assays of up to 3.25 per cent lithium oxide (Li2O).
High-grade lithium assays were returned in a second batch of rock chip samples submitted for laboratory assay,
MARK238
3.25 per cent Li2O, 225ppm caesium oxide (Cs2O), 53ppm Tantalum pentoxide (Ta2O5) and 1.24 per cent rubidium (Rb);
MARK235
1.89 per cent Li2O, 180 ppm Cs2O, 86ppm Ta2O5 and 0.63 per cent Rb;
MARK278
1.35 per cent Li2O, 307ppm Cs2O, 192ppm Ta2O5 and 0.77 per cent Rb; and
MARK250
1.24 per cent Li2O, 96ppm Cs2O, 93ppm Ta2O5 and 0.55 per cent Rb.
St George has a diamond drill rig on its way to Mt Alexander that will initially test for deeper extensions to the mineralised pegmatites and assist with the geological interpretation of the evolving lithium targets.
Several diamond holes will then be drilled to test high-priority nickel targets including strong EM conductors and the large seismic reflector located near the interpreted granite/greenstone contact south of the high-grade Cathedrals nickel-copper-PGE deposit.
“Exploration is in full swing at Mt Alexander and we are delighted with the positive results being delivered by our team in the field,” St George Mining executive chairman John Prineas said in the company’s ASX announcement.
“Exciting news is starting to emerge from our first-ever lithium drill program at the Jailbreak prospect which – though still at an early stage – has already confirmed the near-surface continuity of lithium-bearing pegmatites.
“The latest assays for rock chip samples have delivered our highest-grade lithium values at Jailbreak, providing further validation of the potential for pegmatite-hosted lithium mineralisation at Mt Alexander.
“Significantly, the high-grade assays now extend across five pegmatites mapped across a broad area.
“The drilling program will increase in scope next week with diamond drilling scheduled to commence alongside the ongoing RC campaign.
“With drilling of both our nickel and lithium targets at Mt Alexander, the next few weeks will be a very productive end to the year for St George and we look forward to reporting more results to shareholders as they come to hand.”
TO READ THE FULL ANNOUNCEMENT: CLICK HERE
Web: www.stgm.com.au