Growth-focused Western Australian nickel company St George Mining (ASX: SGQ) has announced more drilling success at its high-grade Mt Alexander nickel-copper sulphide project, located in the north-eastern Goldfields.
HIGHLIGHTS
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Two new drill holes completed at the Cathedrals Prospect to test EM conductors with both holes intersecting nickel-copper sulphides
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Metallurgical drill hole completed at the Investigators Prospect
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Extensive moving loop electromagnetic (MLEM) survey underway across the Cathedrals Belt with positive early results
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Drilling will resume at Mt Alexander early in 2020 with multiple diamond and reverse circulation (RC) rigs to be deployed
John Prineas, St George Mining’s Executive Chairman, said: “Step-out drilling across the Cathedrals Belt continues to intersect nickel-copper sulphides over a broad area, providing evidence of the growing potential size of the high-grade deposits associated with the Belt.
“The discovery in 2019 of high-grade nickel-copper sulphides at the Radar Prospect extended the east-west strike of mineralisation in the Cathedrals Belt to more than 5.5km, giving weight to the geological interpretation that if the mineral system is that long, it must also be deeper than currently defined.
“Deeper drilling along the Belt has commenced and it is consistently finding more mineralisation in the same north-northwest direction, showing a strong vector for potentially larger, intrusive-style nickel sulphide deposits at depth.
“Strong targets are also emerging at the West End and Fish Hook Prospects – two unexplored areas which have the potential to deliver a new greenfields discovery.
“Laboratory assays have confirmed our nickel-copper sulphides as some of the highest grade discoveries in Western Australia. The potential high value of our discoveries is further emphasised by the high cobalt and palladium present in the mineralisation.
“We are excited by the outlook for 2020 – a year where we will continue to establish the scale of the mineralisation at Mt Alexander as well as progressing preliminary scoping studies for potential mining operations.”
Read the full announcement here: https://www.asx.com.au/asxpdf/20191223/pdf/44ctp1kc3yb4g2.pdf
