St. George Mining Ltd (ASX: SGQ) has reported groundbreaking findings at its flagship Mt Alexander Project in Western Australia. Through a meticulous geochemical soil sampling program conducted in Q4 of 2024, the company has identified multiple new, large-scale lithium soil anomalies spanning over extensive areas.
Preceding this soil survey, drilling endeavors undertaken in late 2022 and early 2023 at the Jailbreak Prospect confirmed the existence of lithium-mineralized pegmatites, both at the surface and at depths reaching up to 300 meters. Notably, the drill results showcased high grades of up to 1.8% lithium oxide, underscoring the significant potential of the pegmatite system.
This recent soil survey extended to areas encompassing tenements acquired by St. George in late 2022, marking the inaugural systematic exploration for lithium within these tenements. A comprehensive total of 1,421 soil samples were meticulously collected, with the survey adhering to a minimum spacing of 200 meters by 100 meters.
Key points:
The Mt Alexander Project’s soil survey delineated several notable anomalies, including one spanning 1.7 kilometers by 1.3 kilometers, situated parallel to the Manta Prospect, where St. George previously intersected a substantial 121-meter-thick fractionated pegmatite.
Another soil anomaly of significant interest lies along the contact of the Copperfield Granite with the Mt Alexander greenstone belt, a geological setting akin to the major lithium discovery by Delta Lithium at its Mt Ida Project. This discovery, with its proximity to the Copperfield Granite contact, underscores the potential for lithium mineralization.
These anomalies, some with strikes exceeding 2.7 kilometers, indicate substantial potential for lithium mineralization within the project. The results come on the heels of successful drilling efforts in late 2022 and early 2023, which confirmed the presence of lithium-mineralized pegmatites at Jailbreak Prospect. With high-grade lithium oxide returns of up to 1.8% recorded in the drill results, St. George Mining is poised to capitalize on the promising prospects presented by these discoveries.
St George Mining (ASX: SGQ)
St George Mining (ASX: SGQ) has unveiled encouraging findings from its recent soil sampling efforts at the prestigious Mt Alexander Project in Western Australia. Expressing satisfaction, John Prineas, Executive Chairman of St George Mining, remarked, “We are delighted with the outcomes of the latest soil program, which identified not only one but a series of robust kilometre-long lithium soil anomalies in regions yet to undergo lithium drilling.” The market responded positively, with shares trading up by 16 percent at 2.9 cents.
Hammer Metals (ASX: HMX)
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Bastion Minerals (ASX: BMO)
Bastion Minerals (ASX: BMO) has issued a report on the Rare Earth Element exploration conducted by its subsidiary, Bastion Minerals Pty Ltd, on the strategic Gyttorp land holding in Southern Sweden. Examination of fifty-three samples from historical mine workings has affirmed the property’s significant potential for high-grade REE. Laboratory analyses have revealed concentrations of up to 6.8% Total Rare Earth Elements + Yttrium, with elevated results spanning the entirety of the property. Consequently, shares have risen by 9.09 percent, trading at 1.2 cents.
Lithium Prospectivity Amplified:
New Soil Anomalies Strengthen St. George’s Position
The latest soil survey conducted by St. George Mining has underscored the significant lithium prospectivity inherent in the Mt Alexander landholding. Notably, the soil anomalies delineated through this survey exhibit heightened levels of lithium pathfinder elements, particularly tantalum and caesium, further supporting the presence of an LCT pegmatite field conducive to lithium mineralization.
The comparison of these new anomalies with known mineralized pegmatites at Jailbreak highlights their remarkable strength, with the new targets displaying significantly higher LCT anomalism. With drilling approvals in place and plans underway for further extensions and in-filling of current soil surveys, St. George is strategically positioned to leverage these findings for potential new discoveries and capitalize on the resurgence in battery metals market conditions.
St. George Mining’s Strategic Partnerships and Well-Funded Approach
St. George Mining’s disciplined and well-funded approach to advancing its portfolio of high-quality projects is evident in its latest endeavors at the Mt Alexander Project. The company has engaged prominent mining consultancy firm ERM (formerly known as CSA Global) to assist in lithium targeting, underscoring its commitment to leveraging expertise and strategic partnerships for project advancement.
A site visit jointly conducted by ERM and St. George aims to identify high-priority drilling targets, further enhancing the company’s exploration efforts. With drilling scheduled for the upcoming month at the newly identified soil anomaly targets, St. George Mining remains poised to capitalize on the burgeoning demand for lithium and solidify its position as a key player in the battery metals market.
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