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St George Mining Ltd.
Summary
| Project: | East Laverton | |
|---|---|---|
| Deposit: | Ascalon, Bristol | |
| Location: | Australia | |
| Commodities: | Gold-Copper | |
| Date: | 11/25/2016 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 25-11-2016: St George Mining Ltd. announces an Exploration/Drilling Update report for its Ascalon, Bristol deposit at the East Laverton project. Drilling results incl. 4m @ 0.88g/t Au, 79ppm Cu from 44m. St George Mining Limited (ASX: SGQ) (‘St George Min | |
| 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 announce the latest exploration results from the major gold drill programme at the Company’s 100% owned East Laverton Project in Western Australia. The 2016 gold drill programme was focused on the Ascalon and Bristol gold prospects, and was the first ever systematic exploration for gold at these prospects. The drilling has been successful in identifying the potential for significant gold mineralisation, and has generated robust targets for follow‐up exploration. Drilling at Ascalon has confirmed a large and complex hydrothermal system that extends over a 2,000m of strike and remains open to the east, south and at depth. The main rock types at Ascalon are a dolerite intrusive, high MgO basalts and Fe‐rich sediments. Significantly, the fractionated dolerite intrusive contains granophyric units. Granophyric dolerites host many major gold deposits in the Yilgarn, including the largest gold deposits on Kalgoorlie’s Golden Mile. Petrographic analysis of mineralised drill chips from the Ascalon drilling indicates the presence of shearing, mineralisation, alteration and local quartz veining across all rock‐types. This is a text book environment for gold mineralisation. At Bristol, eleven of the seventeen completed RC drill holes intersected anomalous gold in the regolith over a strike of 1,500m. The substantial supergene gold at Bristol is consistent with a proximal and significant primary gold‐bearing source. A compelling target that may represent the primary source has been identified on the same mineralised shear and to the north of the anomalous supergene gold. | |
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