SGQ 0.00% 2.5¢ st george mining limited

Ann: Large Gold Zone at East Laverton, page-22

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  1. 1,581 Posts.
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    This is particularly mouth watering:

    "The Minigwal Fault is a regional northwest trending structure that extends for over 40km through the East Laverton Project. The fault is a deep, trans‐lithospheric structure that provides a pathway for the mantle‐ derived gold‐rich hydrothermal fluids that are essential for large gold deposits. The Minigwal greenstone belt has formed in the hanging wall of the Fault and is situated along the margin of a major regional‐scale gravity anomaly, which is a large magmatic and hydrothermal centre.
    Recent reconnaissance drilling along the Minigwal greenstone belt has encountered a large zone of alteration with anomalous gold and copper. Drill hole OXFRC003 intersected a series of structurally‐ controlled alteration zones present over a significant portion of the drill hole. Anomalous gold and copper values were identified between 135m and the end of the hole at 306m.
    OXFRC003 is the first deep drill hole at the Oxford Prospect and confirms that gold and copper anomalism previously intersected in the regolith, by shallow drilling of previous explorers, is associated with significant bedrock mineralisation. The scale of the geochemical and alteration signature in OXFRC003 is consistent with the peripheral setting around a large ore body. The anomalous mineralisation in OXFRC003 is open and may extend to the south‐east towards the high priority large‐scale gold target at the Ascalon Prospect.
    The Ascalon gold target is situated in the thickest part of the Minigwal greenstone belt, where a prominent deflection in the rift‐axial structure of the belt creates a favourable structural setting for the local concentration of gold mineralisation."

    Mid May is only a month away.
 
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