St George Mining Limited (ASX: SGQ) has provided an update on its portfolio of lithium and battery metals projects in Western Australia following a year of building out the foundations of a highly prospective exploration portfolio.
“Our work in 2023 has delivered a number of important project milestones and – looking forward – laid the platform for strong growth in 2024,” commented John Prineas, St George’s executive chairman.
“Our drilling at Mt Alexander has confirmed the presence of high-grade lithium as well as very thick pegmatites that are up to 121m thick. These results point to the potential for a large lithium-bearing pegmatite mineral system. With only a fraction of the +16km exposure to the regional LCT corridor on our tenure tested by drilling, the exploration upside at Mt Alexander is significant.”
Lithium Exploration at the company’s flagship Mt Alexander project included soil sampling, pegmatite field mapping, and outcrop sampling completed over a previously untested area. Assays are pending for soil and rock chip samples, with final results expected by mid-January 2024.
Results will allow for completion of drill targeting for the 2024 drill programme – scheduled to commence in February – that will include targets across an 8km-long zone around the Manta Prospect and a 4km-long zone of the Jailbreak Prospect.
“The new Destiny Project and the Lithium Star package of projects have (also) substantially expanded the company’s pipeline of exploration opportunities,” he added. “Our high-grade rare earths discovery at Destiny…was an outstanding early achievement that we will build on in 2024 with follow-up drilling and exploration.
The Destiny project has a drill programme scheduled to commence in January 2024 to follow up on the company’s discovery of rare earth elements (REE) and lithium targets on site, with further drilling on location where grades of up to 5,125ppm TREO and 1,199ppm MREO2 were found.
Maiden drilling of lithium targets at Destiny will include an area along strike from the Spargos Project of Neometals (ASX: NMT), where spodumene occurrences have been reported.
For further information, please visit: www.stgm.com.au
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