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Published Sep 05, 2023 10:42

Updated Sep 05, 2023 11:00

St George Mining hits high-grade zinc and lead with silver to boot in maiden drilling at Ajana

St George Mining Ltd (ASX:SGQ) has confirmed high-grade zinc and lead mineralisation along with silver in its first-ever drill program at the Ajana Project in Western Australia.

The companys reverse circulation (RC) drilling delivered multiple near-surface intersections at Perseverant Prospect, including:

Moving forward, these highly encouraging RC drill results warranted follow-up with diamond drilling to provide further information on the structural setting and nature of the mineralisation.

Blind discovery

SGC executive chairman John Prineas said: The exciting initial drilling results at Ajana are located in a previously unexplored area, beneath shallow overburden.

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.

Map of the Ajana priority exploration licences with airborne magnetics data acquired by St George set against regional magnetics.

Drill program

St Georges maiden drill program at Ajana comprised 12 RC holes with immediate follow-up by completion of a further four diamond holes.

Out of the 12 holes, eight intersected either high-grade or anomalous zinc and lead mineralisation using a cutoff of 0.5% zinc + lead.

The drilling at Perseverant was designed to target the source of several magnetic features interpreted to be part of a large mafic intrusive complex which could be prospective for nickel-copper-PGEs.

The potential remains for the modelled source of the magnetics to be below the current depth of drilling and is a high-priority target for future drilling.

Forward plan

Work programs are underway or being planned including:

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St George Mining hits high-grade zinc and lead with silver to boot in ... - Investing.com Australia