A 3,000m 17-hole drilling program will test two large-scale attractive anomalies at the Ajana project in Western Australia – an outstanding greenfields exploration opportunity within a historically proven mineral field.

The two large-scale targets being tested by St George Mining (ASX:SGQ) lie adjacent to major structures and present as co-incident magnetic and gravity anomalies that are interpreted to be mafic intrusions with potential to be associated with significant nickel-copper-PGE mineralisation.

Ajana lies within the Northampton Mineral Field, situated near the western margin of the Yilgarn Craton and 70km north of the city of Geraldton.

The area has been largely overlooked as a mineral province with significant potential for other mineral deposits, including intrusive related nickel-copper-PGE type deposits which may have formed during rifting along the western margin of the Yilgarn Craton.

Targets identified in 2022

The vast majority of the landholding at Ajana has minimal outcropping host stratigraphy and remains underexplored.

Both targets were identified following a detailed airborne magnetic survey and gravity surveys in early April 2022, which prompted the company to increase its landholding from two exploration licences to seven – covering 1,750km2.

Target 1 is a 25km-long magnetic anomaly with structural features that support the interpretation of a layered mafic intrusion while Target 2, a 2km-long magnetic anomaly, with a ‘plug-like’ feature that is also interpreted to be a late-stage mafic intrusion.

An attractive greenfields opportunity

SGQ executive chairman John Prineas says the results of these surveys strongly enhanced St Georges’ initial interpretation that the large magnetic features may be indicative of late-stage, potentially layered mafic intrusions, which are prospective to host significant nickel-copper-PGEs.

“The Ajana Project was secured by St George shortly after the major nickel-copper-PGE discovery by Chalice Mining at its Julimar Project in the West Yilgarn,” he says.

“Our review of overlooked greenfields opportunities in the West Yilgarn identified an area in the Northampton Mineral Field with very prominent magnetic features but virtually no prior exploration.

“We believe that Ajana is an outstanding greenfields exploration opportunity and are excited to be on the ground drilling two very attractive targets.”

 

 

 

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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