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St George Mining Defines New Lithium Targets at Mt Alexander

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THE DRILL SERGEANT: St George Mining (ASX: SGQ) has made a further lithium targeting advancement at the company’s Mt Alexander project in Western Australia.

St George Mining has already mapped over 500 pegmatites at Mt Alexander to date.

Samples the company has taken from many of these outcrops have recorded highly anomalous lithium values providing strong encouragement for the potential of lithium mineralisation at the Project.

St George engaged external consultants to review the lithium potential at Mt Alexander and assist with definition of new drill targets.

Following a detailed review of drilling and other project data a field assessment was carried put, which included ground-truthing, lithological and structural mapping and geochemical analysis.

This field work included recording the potassium (K) and rubidium (Rb) values of feldspar within numerous outcropping pegmatites using a portable XRF analyser.

“Drilling at Mt Alexander has already confirmed the presence of high-grade lithium mineralisation – up to 1.8 per cent lithium oxide (Li2O) – and very thick pegmatites up to 121 metres thick,” St George Mining executive chairman John Prineas said in the company’s ASX announcement.

“The latest targeting work with external consultants at ERM has been focused on finding the most likely areas with potential for significant lithium mineralisation.

“The new gold targets are also compelling gold exploration opportunities in their own right – and made more exciting given the known correlation between lithium and gold occurrences at the neighbouring project of Delta Lithium.

“Four areas standout as priority targets across our large landholding.

“This is an exciting development in lithium targeting at Mt Alexander and we look forward to drilling these targets soon.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

St George Mining Resumes REE Drilling at Destiny Project

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THE DRILL SERGEANT: St George Mining (ASX: SGQ) has drilling underway at the company’s 100 per cent-owned rare earth element (REE) Destiny project in the Eastern Goldfields region of Western Australia.

St George Mining’s first drill program at Destiny in December 2023 made a breakthrough discovery of clay-hosted REE with the wide-spaced drilling intersecting high-grade total rare earth oxides (TREO).

Drilling now underway is aiming to further define the near-surface high-grade zones of TREO encountered by the previous campaign.

A minimum of 26 air core drill holes are planned, from which laboratory assays are expected within approximately six weeks of the completion of drilling.

“We are excited to be drilling again at the Destiny project with a clear target to further scope out the extent of the high-grade REE mineralisation we discovered just a few months ago,” St George Mining executive chairman John Prineas said in the company’s ASX announcement.

“The potential scale of Destiny is impressive with mineralisation already confirmed along a 7km-stretch of the Ida Fault zone, with a further 70km of prospective geology exposure within the project yet to be drill-tested.

“The mineralisation contains a high proportion of magnetic rare earths – which are highly sought after for application in clean energy solutions – to add to the attractiveness of the project.

“Work is also underway to investigate newly identified large, circular magnetic features at Destiny.

“These are located proximal to the Ida Fault, a regional-scale crustal shear zone that could have acted as the conduit for late-stage intrusions like carbonatites.

“We look forward to reporting exploration results, including from this follow-up drill program and assays from the just-completed augur campaign, in due course.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

St George Mining Makes High-Grade REE Discovery at Destiny

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THE DRILL SERGEANT: St George Mining (ASX: SGQ) has made a clay-hosted REE system discovery at the company’s 100 per cent-owned Destiny project in the Eastern Goldfields region of Western Australia.

St George Ming acquired the Destiny project, originally called Woolgangie, earlier this year and in September commenced on-the-ground exploration activities.

The discovery came via recent drilling activity that intersected thick zones of high-grade Total Rare Earth Oxide (TREO) – up to 42m thick that has been shown to be hosted in a thick, near-surface clay zone confirmed by drilling over a 7km-long strike with mineralisation open in all directions.

Assay results include:

WGAC0001
8m at 1,673ppm TREO, 342ppm magnetic rare earth oxide (MREO) from 24m;

WGAC0026
30m at 1,885ppm TREO, 399ppm MREO from 20m, including 6m at 3,578ppm TREO, 755ppm MREO from 32m, and including 2m at 5,125ppm TREO, 1,199ppm MREO from 32m;

WGAC0030
42m at 1,832ppm TREO, 351ppm MREO from 12m, including 14m at 2,622ppm TREO, 515ppm MREO from 38m; and

WGAC0100
29m at 1,042ppm TREO, 200ppm MREO from 14m.

“These are ground-breaking results for the company in our first-ever drill program at the Destiny project, with high-grade rare earths confirmed along a seven kilometres-long strike of the Ida Fault,” St George Mining executive chairman John Prineas said in the company’s ASX announcement.

“The high grades returned in the assays are very exciting.

“Together with the scale of the prospective geology – which may extend for more than 70 kilometres – the potential of the project is impressive.

“Importantly, the assays show a high proportion of sought-after magnetic rare earths – a feature that could be a huge value driver for the project.

“The flat-lying nature of the REE mineralisation and the host clay zone allow for a fairly simple follow-up exploration program of drilling along strike as well as infill drilling.

“We want to be back drilling at Destiny early in 2024 to unlock the full potential of this exciting REE discovery.

“The REE project is complementary to our lithium and nickel assets, enhancing St George’s position as a high-impact explorer of multiple battery metals in the Tier 1 jurisdiction of Western Australia.

“The Destiny project covers 3,350 square kilometres and takes in more than 90 kilometres of the Ida fault – a regional scale crustal shear zone that is gaining increased interest as a control on major mineral deposits in Western Australia.

“We are excited to control more than 90 kilometres of the Ida Fault at our Destiny project – and another 30 kilometres strike at our Mt Alexander project – with advanced targets for lithium, rare earths, nickel and copper.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

St George Mining Claims Base Metals Discovery

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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

 

St George Mining Enjoying Support For Lithium Quest

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THE CONFERENCE CALLER: St George Mining (ASX: SGQ) is receiving plenty of encouragement for its focus on lithium opportunities, executive chairman John Prineas said on the sidelines of the 2023 RIU Sydney Resources Round-up.

Prineas told Resources Roadhouse the company’s initial drilling to test the pegmatite potential at its flagship Mt Alexander project in Western Australia in 2022 had returned “very positive” results.

The company recently reported assays with a peak value of 1.8 per cent lithium oxide, while earlier rock chip samples from outcropping mineralisation had returned up to 3.25 per cent lithium oxide (Li2O).

“That’s given us a lot of encouragement to go out harder this year and do a 20,000 metres program,” Prineas said.

St George had also received “great validation and support” through strategic relationships with three of the world’s biggest lithium-ion battery heavyweights, with two providing $2 million each to help fund the drilling program, Prineas said.

Mt Alexander is along strike from Delta Lithium’s (previously Red Dirt Metals) recently-established Mt Ida lithium resource, comprising 12.7 million tonnes grading 1.2 per cent Li2O.

Delta took 60,000m of drilling to establish its resource, Prineas said, while St George had only done about 5,000m so far.

“Hopefully as we continue drilling, we’ll establish a resource similar to them – we have basically the same geological setting, right next to the Copperfield Granite which is the source of the mineralised pegmatites,” he said.

Two rigs were in action at Mt Alexander this week.

St George recently expanded its lithium focus, acquiring seven projects in the Yilgarn.

Prineas said the area had been described as a “super province for lithium”, given several companies had established resources and the tussle for control of Essential Metals and its Pioneer Dome lithium deposit.

St George is also investigating the nickel-copper-platinum group elements (PGE) potential in its portfolio.

 

St George Mining Acquires Strategic Lithium Projects

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THE BOURSE WHISPERER: St George Mining (ASX: SGQ) has struck an agreement to acquire 100 per cent ownership of seven lithium prospective projects located in Western Australia.

St George mining entered the deal via its wholly owned subsidiary, Lithium Star with sellers Chariot Corporation Limited and Stallion Lithium to acquire a package of tenements comprising 14 exploration licences – 13 of which have been granted with one in application – covering a total area of approximately 653 square kilometres.

The tenements comprise seven distinct projects located along strike from high-grade lithium deposits and established spodumene producing lithium mines and include:

The Split Rock Project, located approx. 25 kilometres north-west of the Earl Grey lithium deposit;

The Buningonia and Buningonia North projects, located in the same lithium province as Global Lithium’s Manna project and the Bald Hill mine;

The Ten Mile West project, located east of Liontown Resources’ Buldania deposit; and

The Myuna Rocks project, located near Allkem’s operating Mt Cattlin mine.

“This is a strategic move by St George to deliver a step-change in exploration opportunities in the world’s premier hard-rock lithium address of Western Australia,” St George Mining executive chairman John Prineas said in the company’s ASX announcement.

“Several of the projects being acquired are located in regions that have delivered very significant results for other explorers and led to the confirmation of high-grade deposits being developed or already underpinning mining operations.

“Exploration ground in these regions is highly sought after.

“The projects being acquired by St George are underexplored for lithium.

“Our focus will be on unlocking any resource potential through systematic exploration.

“The acquisitions are in line with our strategy to build and explore a high-quality portfolio of lithium assets in Tier 1 jurisdictions like Western Australia.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE