St George Mining Limited (ASX: SGQ) has announced the acceleration of exploration at the C1 target – a high-priority target for a potential mineralized carbonatite at the Destiny Project (100% St George) located in the Eastern Goldfields region of Western Australia.
Destiny is part of St George’s portfolio of clean energy metals projects in Western Australia. The company’s efforts are focused on making a discovery of major new mineral deposits, based on a pipeline of exploration targets for niobium, rare earths, lithium, copper, and nickel sulphide.
John Prineas, St George Mining’s executive chairman, said, “We are delighted that our systematic exploration at the Destiny Project has identified exciting targets for carbonatite-hosted mineralization. The C1 target, in particular, has a geophysical signature and geological setting that is consistent with a late-stage intrusion such as a carbonatite. We are prioritizing exploration at C1 in light of its similarities to known mineralized carbonatites in Western Australia – such as Mt Weld and Luni.”
C1 is a circular-shaped feature in the magnetic data with a diameter of 2.1km. The recent gravity survey completed at C1 identified a gravity high core at the feature. The geophysical signature of a distinctive late-stage circular magnetic body with a gravity high core confirms C1 as a high-priority target.
The location of C1 borders the Ida Fault, a major structural zone that could act as a conduit for mantle derived magma emplaced into the surrounding rocks to form a late-stage intrusion. This setting further supports the prospectivity of C1. The large size of the feature warrants further close-spaced grid gravity to refine drill targets to test the rim and core of the feature.
St Geroge will complete the follow-up 200m x 200m grid-spaced gravity survey will be completed next month, with drilling to be scheduled in H2 2024. The gravity survey will aim to confirm areas with a high gravity response and ideally provide a discrete gravity target within the core of the intrusion.
To find out more, please visit www.stgm.com.au
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