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St George Mining Ltd.
Summary
| Project: | East Laverton | |
|---|---|---|
| Deposit: | Ascalon | |
| Location: | Australia | |
| Commodities: | Gold-Copper-Platinum-Palladium | |
| Date: | 7/29/2016 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 29-7-2016: St George Mining Ltd. announces an Exploration/Drilling Update report for its Ascalon deposit at the East Laverton project. Drilling results incl. 52m @ 196ppb Pt+Pd from 142m. St George Mining Limited (ASX: SGQ) (‘St George Mining’ or ‘the Com | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Timothy Hronsky (Essential Risk Solutions Ltd.) | |
| ABSTRACT: | St George Mining Limited (ASX: SGQ) (‘St George Mining’ or ‘the Company’) is pleased to provide an update on the gold‐focused drill programme at its 100% owned East Laverton Project in Western Australia. Assay results have been received for four drill holes recently completed by St George at the Ascalon gold target. The results confirm that the prospect area has been a major focal point for the concentration of metal enriched hydrothermal fluids that has resulted in widespread alteration of a kind that supports the potential for gold mineralisation. The initial reconnaissance drilling at Ascalon has successfully identified a gold‐prospective hydrothermal system that extends over at least 1,500m and, with only four drill holes completed in this area to date, immediate follow up exploration is warranted. Three major geochemically distinctive alteration zones have been observed in the large scale hydrothermal system at Ascalon. The drilling shows that these zones occur successively from west to east, with retrograde alteration that is more favourable for gold mineralisation in the east. Anomalous gold is present in this eastern zone, in association with silica‐carbonate alteration and veining. John Prineas, Executive Chairman of St George Mining, said: “The initial results at Ascalon are very encouraging and follow‐up targets have already been identified. “Early indications at Bristol are also positive and we are eagerly waiting the first assays from the completed holes there. “These early indications of potential gold mineralisation give us confidence in expanding our gold exploration and drilling programme at East Laverton.” | |
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