Growth-focused Western Australian nickel company St George Mining (ASX: SGQ) has announced further strong exploration results from ongoing work at its flagship Mt Alexander nickel-copper sulphide project, located in the north-eastern Goldfields.
HIGHLIGHTS
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New electromagnetic (EM) conductors identified at Fish Hook Prospect by moving loop electromagnetic (MLEM) survey:
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High temperature SQUID MLEM survey has resumed after the Christmas break and identified two high priority EM anomalies at the Fish Hook Prospect
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Both EM anomalies are coincident with magnetic anomalies and interpreted to be bedrock conductors with potential to represent nickel-copper sulphide mineralisation
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The largest of the two conductors is seen over 3 survey lines (at 200m spacing) and has a strike length of more than 500m
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Multi-rig drilling programmes planned for 2020:
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Resource definition of the shallow highgrade deposits at the Cathedrals Belt will begin with reverse circulation (RC) drilling
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Diamond drilling will continue to be used for testing of new EM conductors and deeper nickel-copper sulphide targets
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Drill rigs will arrive at site shortly once new Programmes of Work are approved by the Department of Mines and modelling of the new EM conductors is completed
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Metallurgical testwork underway:
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Test work on massive and disseminated nickel-copper sulphides from metallurgical hole MAD177 is underway
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Focus on producing separate nickel and copper concentrates plus maximising the recovery of gold and PGEs – with palladium around 80% of PGEs assayed to date
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John Prineas, St George Mining’s Executive Chairman, said: “Initial results from the EM survey at the unexplored Fish Hook Prospect are extremely encouraging with new conductors identified in a prospective geological setting.
“This is a great start to the 2020 field season and we are excited at the potential for more exploration success as the work programmes progress.
“Drill hole MAD177 is a reminder of the remarkable mineralisation at the Cathedrals Belt with high grades of nickel, copper, cobalt and platinum group metals – predominantly palladium.
“We are keenly awaiting the report on the latest metallurgical test work, which we believe will further confirm the exceptional value of our mineralisation and its potential to be commercialised.
“We believe the discoveries to date may only be a fraction of the mineralisation in the high-grade mineral system at Mt Alexander.
“We will continue our systematic exploration in 2020 to test the potential for more deposits down-plunge of the shallow mineralisation and also along strike to the east and west.”
