St George Mining Limited (ASX: SGQ) has secured key lithium exploration tenements adjoining its flagship Mt Alexander project, which will result access to a larger area of the highly prospective pegmatite corridor and adjacent Copperfield Granite contact.
The 100 per cent acquisition covers Exploration Licence E29/1143 and an application for Prospecting Licence P29/2680. The new ground is contiguous with the existing Mt Alexander tenure, providing St George with near-continuous coverage of more than 15km of the pegmatite corridor plus critical contact with the Copperfield Granite.
St George has observed extensive pegmatite outcrops on the newly acquired ground and will commence field mapping and sampling within weeks.
The tenement acquisitions complement St George’s aggressive lithium exploration push underway at Mt Alexander. A diamond rig has arrived at site and will shortly commence drilling at the Jailbreak Prospect, in parallel to the reverse circulation campaign already underway.
“This tenement acquisition further strengthens our land position at Mt Alexander and stamps St George as a dominant player in this new lithium province,” executive chairman John Prineas said.
“The recent announcement by Red Dirt Metals (ASX: RDT) of a significant lithium resource at its Mt Ida Project underscores the emergence of Mt Ida as a new lithium province in Western Australia.
“With both junior and major mining companies looking to gain a foothold in the Mt Ida lithium province, we are delighted to have consolidated a large continuous tenement package that covers highly prospective areas of the pegmatite corridor and adjacent margin of the Copperfield Granite.
“Our work has already identified pegmatite outcrops on the new ground, indicating expansion potential for the lithium mineral system at our existing tenements. We are keen to commence field mapping and rock chip sampling on the new tenements as we try to replicate the success that delivered the high-grade lithium results at our Jailbreak Prospect.
“This is a very exciting time for the Company as we grow the scale and quality of our lithium project at Mt Alexander and continue drill programs to identify further lithium-bearing pegmatites below surface.”