St George Mining Limited (ASX: SGQ) has announced the commencement of a multi-faceted exploration programme at its Woolgangie project located in the Eastern Goldfields of Western Australia. Prospects include targets for lithium, rare earths, and copper.
St George’s first-ever field programme at Woolgangie – acquired earlier this year – will include aircore drilling, an airborne magnetic survey, a ground based electromagnetic survey, and soil surveys.
The project tenure comprises a dominant landholding of 3,350km2 in an underexplored region of the Coolgardie Mineral Field and takes in +90km of the Ida Fault – a major crustal boundary that controls multiple major minerals deposits within Western Australia.
“Woolgangie offers an excellent opportunity for a new discovery in an area of the Eastern Goldfields that has seen very limited exploration other than for gold and nickel,” commented John Prineas, St George Mining’s executive chairman.
“Historical drilling has revealed thick zones of copper and rare earths mineralization that present as attractive prospects and warrant follow-up work. In addition, extensive pegmatite trends at the Project have yet to be systematically explored for lithium.”
The Woolgangie project is another example of St George’s corporate strategy to identify high leverage greenfields critical minerals projects in tier one jurisdictions.
A pipeline of high priority targets has already been identified at Woolgangie to provide an opportunity for St George to use advanced, modern exploration techniques to explore for economic mineralization. The project area encompasses a rare, district-scale opportunity in a historically fertile mineral field.
St George acquired an option over nine tenements – seven granted exploration licences and two in application – as announced 2 February 2023. In addition, St George has applied for a further 13 exploration licences – many of which are contiguous.
For further information, please visit: www.stgm.com.au
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