Assays from the latest drilling by St George Mining (ASX: SGQ) at the Mt Alexander project near Leonora, Western Australia, have confirmed high grades of nickel and copper to underpin the project’s emerging value. Assays from holes MAD126 and MAD127 returned 7.86m at 5.7% Ni and 2.1% Cu and 8.49m at 5.8% Ni and 2.64% Cu, respectively. Even more encouraging, St George said today that all four holes drilled since MAD127 had intersected nickel-copper sulphides as a potential resource picture of Investigators, one of Mt Alexander’s three high-grade discoveries, takes shape.
HIGHLIGHTS:
Laboratory assays confirm outstanding intersections of thick high-grade nickel-copper sulphides at the Investigators Prospect while drilling continues to intersect extensions to nickel-copper sulphide mineralisation:
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Assays for MAD126:
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7.86m @ 5.70%Ni, 2.11%Cu and 0.18%Co from 184m including the massive sulphide interval of 5.25m @ 6.95%Ni, 2.67%Cu and 0.23%Co from 185m
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Assays for MAD127:
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8.49m @ 5.78%Ni, 2.64%Cu and 0.18%Co from 183.9m including the massive sulphide interval of 6.39m @ 6.48%Ni, 2.77%Cu and 0.21%Co from 184.42m
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Values for PGEs in MAD126 and MAD127 are pending completion of fire assays
Below: drill core from MAD127 with massive nickel-copper sulphides that returned assays of 6.39m @ 6.48%Ni, 2.77%Cu and 0.21%Co
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Extensional Drilling at Investigators:
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All four drill holes completed since our last exploration update have intersected nickelcopper sulphides and confirm extensions to the footprint of high-grade mineralisation at Investigators
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Plunge of mineralisation on the MAD60 Line is extended to 380m with MAD135 testing the MAD119:X1 conductor and confirming the continuation of nickel-copper sulphides at depth
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Emerging Western Australian nickel company St George Mining Limited (ASX: SGQ) (“St George” or “the Company”) is pleased to announce laboratory assays for the best intercepts to date of nickel-copper sulphides at the Investigators Prospect – the largest of the three nickel-copper sulphide discoveries along the 4.5km strike of the Cathedrals Belt at the Mt Alexander Project.
St George Mining Executive Chairman, John Prineas said:
“Grade is king in assessing the economic potential of any mining operation, and we are delighted to receive assays for MAD126 and MAD127 which confirm thick intersections of high-grade nickel-copper sulphides.
“The grades for nickel, copper and cobalt are terrific and re-affirm the high-value mineralisation that we have in the Cathedrals Belt.
“Additionally, it is very satisfying to have these thick high-grade intersections confirm the down plunge component of the mineralisation and further support the increasing potential scale of mineralisation at Investigators.
“Interim results from the four drill holes completed in the past week are also very reassuring as to the continuity of mineralisation at Investigators, with all four holes intersecting nickel-copper sulphides.
