Is THIS Hallelujah Brothers and Sisters, IN TIME! I think so!
MAIDEN DRILLING AT PATERSON PROJECT INTERSECTS PROSPECTIVE LITHOLOGY
AND ANOMALOUS PATHFINDER ELEMENTS
• 18 drill holes completed to date for 3,338m drilled as part of the maiden 10,000m drill
programme at St George’s 100%-owned Paterson Project
• Drilling on wide spaced traverses is testing the lithology and depth of cover across a 35km
strike of prospective stratigraphy at St George’s Exploration Licence E45/5226
• Multiple drill holes have intersected prospective basement rocks including chalcopyrite
bearing intermediate igneous intrusives and intensely altered and gossanous sediments –
these rocks are indicative of potential base metal and gold mineralisation in the project
area
• XRF analysis of the basement rocks indicates elevated levels of pathfinder elements for
potential base metal and gold deposits including highly anomalous bismuth, arsenic,
copper, zinc, lead, molybdenum and vanadium
• Depth of cover has been confirmed as <180m which is relatively shallow for the region and
highly explorable
• Follow-up diamond drill programme planned for deeper drilling of high-priority areas of
interest
John Prineas, St George Mining’s Executive Chairman, said:
“The initial results from the inaugural broad-spaced drill programme at our Paterson Project are already
exceeding our expectations. We are seeing geological features and lithologies which are indicative for
mineral deposits in the region.
“These early observations are confirming our belief that our ground is fertile for base metal and gold
mineralisation
“Given these highly encouraging results, we are seeking to source a diamond rig to complete deeper drilling
to further test these emerging high-value copper and gold targets.”
