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Transaction Announcement Reports
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Project: | East Laverton | |
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Deposit: | Cambridge, Cambridge North | |
Location: | Australia | |
Commodities: | Gold-Copper | |
Date: | 7/27/2017 | |
Report Code: | JORC | |
Report Type: | Exploration/Drilling Update | |
Project Stage: | Pursuing Resources Definition | |
Report details: | 27-7-2017: St George Mining Ltd. announces an Exploration/Drilling Update report for its Cambridge, Cambridge North deposit at the East Laverton project. Drilling results incl. 9m @ 0.449g/t Au from 33m. 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 provide an update on the major drill programme to test gold targets at its 100% owned East Laverton Project in Western Australia. This drill programme is testing a portfolio of gold targets located on the greenstone belts within the 2,000 sq km East Laverton Project. A total of 100 RC drill holes have been completed to date for 7,304m drilled. The reconnaissance drilling is designed to advance areas of gold anomalism to better assess if they may be associated with primary gold mineralisation and require further drilling. The current programme is also drilling several deeper targets where shallow gold mineralisation has been identified indicating prospectivity for bedrock gold mineralisation. Early drill results are encouraging with multiple drill holes logged as intersecting mafic rocks, including dolerite, with intervals of prominent hydrothermal alteration containing sulphide mineralisation and quartz veining. Assays received to date indicate significant gold anomalism and prospectivity at the Cambridge and Cambridge North targets that warrants follow-up exploration. Assays for drilling at the other targets are pending. St George Mining Executive Chairman, John Prineas said: “The 2017 drill programme is testing a range of gold targets at the East Laverton Project, with most areas drilled for the very first time. “Already we are seeing encouraging results with potential for significant gold mineralisation at some of the targets, and we are keenly awaiting the remaining assay results.” | |
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