St George Mining Limited (ASX: SGQ) has released further encouraging results from lithium exploration activities at its Mt Alexander project, in the Yilgarn Craton in Western Australia.
Assay results to date from the 2023 RC drilling program at the Jailbreak Lithium Prospect indicate:
- further high-grade lithium with peak values of 1.77% Li2O and 1.49% Li2O
- numerous drill holes with anomalous lithium, caesium, tantalum and tin values up to 16m thick
- Jailbreak remains open at depth and along strike of current drilling, including to the south along the interpreted LCT corridor which extends towards the Mt Ida deposit of Delta Lithium (ASX: DLI)
Assays are pending for an additional 851 samples from RC and diamond drill holes that intersected intervals of pegmatites at Jailbreak. Assays are also outstanding for the 121m thick pegmatite intersected at the Manta Prospect.
“Assay results received to date continue to demonstrate the presence of mineralised pegmatites that commence from or near surface and continue to depths of up to 300m below surface,” executive chairman John Prineas said.
“High grades have been observed, highlighting the potential of the pegmatite system that remains open at depth and along strike of the prospective horizon.
“The recent drilling has significantly increased the understanding of the distribution of pegmatites and lithium mineralisation along the prospective LCT corridor that is situated within St George’s tenure. A follow-up drill program will be planned once all drill results are received and interpreted with a focus likely to be the ultramafic sequence where the highest lithium values have been intersected so far.
“The Mt Ida province continues to evolve as a significant lithium region with Delta Lithium (ASX: DLI) progressing development activities for its lithium resource and the Mt Bevan Project immediately adjacent to Jailbreak being explored under joint venture by Hancock Prospecting Pty Ltd, Hawthorn Resources (ASX: HAW) and the Indian Government backed Legacy Iron Ore (ASX: LCY).
“We look forward to providing a further update once final assay results are received.”
