St George hits 164m rare earths-niobium interval from surface at Araxa

St George Mining (ASX: SGQ) has reported further outstanding assay results from ongoing diamond and reverse circulation (RC) drilling at its 100%-owned Araxá Rare Earths and Niobium Project in Minas Gerais, Brazil.

Latest results include the thickest mineralised interval at Araxá – AXDD055 – 164.45m from surface with grades up to 17.15% TREO and 4% Nb₂O₅.

Assays for a further 17 drill holes received included:

• 110m @ 4.16% TREO and 0.34% Nb₂O₅ from surface in AXDD051 including:
  • 68m @ 5.16% TREO and 0.43% Nb₂O₅ from 0m
  • 4m @ 9.36% TREO and 0.14% Nb₂O₅ from 94m
• 82.7m @ 4.86% TREO and 0.76% Nb₂O₅ from surface in AXDD052 including:
  • 9m @ 7.64% TREO and 0.76% Nb₂O₅ from 4m
  • 56.7m @ 4.77% TREO and 0.84% Nb₂O₅ from 26m
• 90.1m @ 5.07% TREO and 0.55% Nb₂O₅ from surface in AXDD054 including:
  • 49m @ 6.73% TREO and 0.62% Nb₂O₅ from 0m
  • 27m15.65m @ 10.83% TREO and 0.77% Nb₂O₅ from
• 164.45m @ 2.93% TREO and 0.39% Nb₂O₅ from surface in AXDD055 including:
  • 62m @ 5.15% TREO and 0.66% Nb₂O₅ from 22m
  • 15m @ 8.78% TREO and 1.18% Nb₂O₅ from 55m
• 100.65 @ 4.16% TREO and 0.55% Nb₂O₅ from surface in AXDD059 including:
  • 20.3m @ 6.13% TREO and 0.76% Nb₂O₅ from 61.1m
• 81.3m @ 4.07% TREO and 0.72% Nb₂O₅ from surface in AXDD062 including:
  • 29.2m @ 4.31% TREO and 1.10% Nb₂O₅ from 34.8m

Growth at Araxá continues to be unlocked. The returned assays are expanding the footprint of the high-grade mineralisation both within and outside the existing Mineral Resource Estimate (MRE) at Araxá to build resource confidence and demonstrate the potential growth in the MRE.

Expansion and resource definition drilling continues 24/7, with three diamond core rigs and one RC rig; 20 drill holes are at the laboratory with assays pending.

“With the current MRE modelled to just 100m below surface, it’s exciting to see another record thick intercept that confirms high-grade mineralisation well beyond that level,” executive chairman John Prineas said.

“The mineral system clearly remains open – both at depth and laterally – with further growth in the mineralised footprint expected as we continue drilling 24/7.

“We look forward to reporting further assay results over the coming weeks and keeping shareholders updated as we continue to advance our work at Araxá.”