Emerging Western Australian nickel company St George Mining (ASX: SGQ) has announced that laboratory assays for Phase 1 of the 2019 drill program at its Mt Alexander Project have confirmed further thick intercepts of high-grade nickel-copper-cobalt-PGE sulphide mineralisation.
Emerging Western Australian nickel company St George Mining (ASX: SGQ) has announced that laboratory assays for Phase 1 of the 2019 drill program at its Mt Alexander Project have confirmed further thick intercepts of high-grade nickel-copper-cobalt-PGE sulphide mineralisation.
HIGHLIGHTS
· Laboratory assays for MARC118 confirm thick intersections of high-grade nickel-coppercobalt-PGE mineralisation:
· 10m @ 2.47% Ni, 1.06% Cu, 0.07% Co and 2.52g/t PGEs from 142m including
· 3m @ 3.85% Ni, 2.12% Cu, 0.11% Co and 4.22g/t PGEs from 145m and
· 2m @ 5.04% Ni, 1.47% Cu, 0.16% Co and 2.12g/t PGEs from 150m
· Drill results establish further continuity of high-grade mineralisation at the Investigators Prospect, both in the northerly down-dip direction and along the east-west trend of the Cathedrals Belt
· Two conductive anomalies identified in the northern section of the Investigators Prospect are favourably located for potential additional extensions of known high-grade nickelcopper sulphides
Assays indicated that a number of drill holes had intersected nickel-copper sulphide mineralisation with the best intersections being at the Investigators Prospect. MARC118 was drilled along the north-south MAD60 Line at Investigators, where high-grade nickel-copper sulphide mineralisation had already been intersected from very shallow depths of 25m below surface and extending down-plunge for a length of more than 380m.
The 10m thick high-grade intercept in MARC118 significantly extends the continuity of mineralisation on the north-south trending MAD60 Line. High-grade mineralisation was also intersected in MARC109, which was drilled approximately 200m to the west-northwest of MARC118.
St George Mining Executive Chairman, John Prineas, said: “The latest high-grade intersections at Investigators establish further continuity to the scope and scale of mineralisation at Investigators.
“Ongoing step-out drilling is being planned for Investigators, with two SAMSON EM anomalies in the northern section of the prospect area lined up as high-priority targets for the upcoming drill programme.
“The SAMSON anomalies are corroborated by data from two separate geophysical surveys – the recent Sub-Audio Magnetics (SAM) survey as well as a prior moving-loop EM survey, and are compelling drill targets for the discovery of additional mineralisation.”
