St George Mining Outlines 2017 Gold Exploration Program

THE DRILL SERGEANT: St George Mining (ASX: SGQ) informed the market of its 2017 gold exploration drilling intentions at the company’s 100 per cent-owned East Laverton project in Western Australia.

St George Mining explained its 2016 gold drill program at East Laverton was focused on the Ascalon and Bristol gold prospects.

The results from this program identified potential for gold mineralisation at and around these prospects, and subsequently generated a number of targets for follow-up drilling in 2017.

St George engaged Dr Walter Witt to review both the broader gold potential at East Laverton and to complete detailed assessments of the numerous gold targets at the project.

The company said Dr Witt’s technical review confirmed strong gold potential at East Laverton, and prioritised the multiple targets for exploration.

A reverse circulation (RC) drill program will commence at East Laverton later this month and will initially focus on the highest rated targets in the Stella Range Belt, which are at Desert Dragon, Cambridge and Cambridge North.

“Reconnaissance exploration by St George has recognised the significant gold potential at East Laverton,” St George Mining executive chairman John Prineas said in the company’s announcement to the Australian Securities Exchange.

“We are pleased to see this prospectivity confirmed by one of Western Australia’s leading gold experts.

“We will systematically progress gold exploration in 2017, working through the pipeline of attractive targets.

“With drilling due to start this month at both Mt Alexander and at East Laverton, we are entering a very exciting period for St George.”

Website: www.stgm.com.au

Source: Company announcement