I took a quick look at the WA Minview open file data and found a few drill holes of interest in our Mt Alexander tenure. St George Mining completed these drill holes in 2020. I toggled on drill holes that had available core at the core library and these were the 3 that came about - MAD180, MAD180W1 and MAD181. MAD180W1 was a 'wedge' hole redrill of MAD180 above 550m due to bad drill conditions. I am sure other core is available from the other drill holes completed in the Mt Alexander project, but perhaps they are in the St George core yards and not the state core library like these 3.
The Mt Alexander Project comprises six granted exploration licences – E29/638, E29/548, E29/962, E29/954, E29/972, and E29/1041 which can be seen above. In reference to the latest announcement, to get a better understanding of where the pegmatites outcrops are in relation to the map from Minview above, I have included the detailed map below.
I have included the geological logs of the above drill holes in the core library and also the other cored holes (probably in the St George core yard) in the tables below by going through all the SGQ announcements during 2020. As you can see in the drill logs they all have 1 thing in common - Pegmatites.
Clearly, the focus of St George until recently has been on the Ultramafics. The assay testing has therefore been focused on the Ni-Cu-PGE's and Co too. Unfortunately, until the latest announcement, there has been absolutely no mention of Lithium. IMO, there is a chance testing of Lithium testing did take place if they undertook multi-assaying testing, but since the focus was on ultramafics, the samples would have been taken from the Ultramafic and intrusive units and not from the Pegmatites (since that was not the focus from management at the time).
It appears that it took the transformation of RDT and their Lithium discovery during the last year to wake up St George Management. RDT accomplished this via initial rock chip Pegmatite outcrop assaying of Li (like we just did) and then took the proactive steps of testing old core from the core library for Lithium (taking pegmatite sections). They could then define Pegmatite trends underground, and together with their own drilling, they were able to come up with an initial resource. It appears St George is now going to follow the same path (hopefully). Although I think we wished it happened earlier before the share price got hammered, it definitely gives us something extra to get excited about and a chance to turn around the share price completely IMO. Just like RDT did.
The expensive part of the drilling has already been done! Each drill hole costing around 200k depending on time and depth. Probably much more in this high inflation environment for any new drill holes.
With all the core and pegmatite sections still available imo, all the St George Geo's need to do now is look at the above geological logging and take out samples from the pegmatite intersections and test as much as possible. Hopefully, management are well onto this as I type since it is quite a low cost exercise in comparison to other work. Looking forward to more lithium news (and hopefully good results) as we move forward.
(20min delay)