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  • St George Mining (SGQ) has identified significant areas for follow-up exploration at its Paterson Project in Western Australia
  • In March, the company completed an airborne magnetic survey at the project to gain an understanding of the structure and outline areas for additional exploration
  • Data from this survey outlined magnetic features that are similar to major precious and base metals projects in the area
  • Large magnetic units, than span throughout the 35 kilometre length of the project, have also been identified
  • The company is now planning a maiden drill program for the project
  • St George is in the grey today and shares are currently trading for nine cents each

St George Mining (SGQ) has identified significant areas for follow-up exploration at its Paterson Project in Western Australia.

The Paterson Project is located in Western Australia’s Paterson Province, which is one of the most highly prospective mineral provinces in Australia.

The Province is largely unexplored and hosts significant copper and gold discoveries such as Metals X’s Nifty Copper Deposit and Newcrest Mining’s Telfer Gold and Copper Deposit.

In March 2020, St George completed an airborne magnetic survey at the Paterson Project to gain an understanding of the structure and outline areas for additional exploration.

Data from this survey outlined magnetic features which host granite intrusions and have a similar geology that are similar to other projects in the area. These other projects host significant precious and base metals.

Large magnetic units, than span throughout the 35 kilometre strike length of the project, have also been identified.

“The results from the aeromagnetic survey have exceeded our expectations with multiple areas of interest identified across the 35 kilometre strike of prospective stratigraphy on our exploration ground,” Executive Chairman John Prineas commented.

“Our Paterson Project is shaping up as an outstanding opportunity to make a Greenfield’s discovery. We are excited to be progressing exploration at the Paterson while we continue our principle exploration and development activities at our flagship Mt Alexander nickel-copper sulphide project,” he added.

St George is now planning a maiden drill program for the project.

“We have begun planning for the 2020 drill program and applied for the Western Australian Government’s Exploration Incentive Scheme (EIS), which provides co-funding for exploration drilling up to a prescribed capped amount,” John said.

St George is in the grey today and shares are trading for nine cents each at 10:17 am AEST.

SGQ by the numbers
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