A major reverse circulation lithium drill program has kicked off at St George’s Mt Alexander Project in WA, testing numerous pegmatites mapped across the 15km long and 5km wide pegmatite corridor for the first time.
This expanded program builds upon the maiden campaign undertaken in late 2022 at the Jailbreak prospect, which is now delivering the first batch of assays.
According to St George’s (ASX:SGQ) executive chairman Jon Prineas, those initial results demonstrate that the lithium-mineralised pegmatite outcrops identified from rock chip sampling continue below surface with mineralisation open at depth.
Anomalous lithium values were returned in every pegmatite tested with several intersections hitting greater than 1% Li2O, as well as intervals of lithium up to 14m thick.
Building on exciting lithium opportunity
This has led to the decision of ramping up the drill program to systemically test the extensive pegmatite system across the strike of St George’s landholding.
Prineas says the company is excited for the next phase of exploration.
The lithium corridor at St George’s tenure is adjacent and to the west of the Copperfield Granite and is the source of mineralised pegmatites at Mt Alexander as well as at Red Dirt Metals’ (ASX: RDT) Mt Ida Project, 15km to the south of St George’s ground.
“The backing of our strategic partners – leading lithium-ion battery companies Shanghai Jayson, SVOLT Energy and Sunwoda Electronic – means we also have the flexibility to add to the Mt Alexander drill program with further RC and diamond holes as results warrant,” he says.
“Mt Alexander is an exciting lithium opportunity and just one of several highly prospective battery minerals projects in St George’s expanding pipeline.
“Investors can expect steady news flow over the coming months, with drilling updates and assay results from Mt Alexander to be released as available while we progress exploration activities at our other exciting projects across Western Australia.”
What’s next?
Further drilling will be designed to investigate if these pegmatites potentially merge at deeper levels or are otherwise associated with a larger pegmatite body down-dip.
New and expanded Programs of Work (PoW) have now been approved that include more extensive areas of the prospective corridor for drilling.
This article was developed in collaboration with St George Mining, a Stockhead advertiser at the time of publishing.
This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.
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