Emerging Goldfields explorer St George Mining (ASX: SGQ) has kicked off its 2019 drilling program with a campaign of RC work at its high-grade Mt Alexander nickel-copper sulphide project near Leonora. Priority targets of the 5,500m-plus campaign include the new West End and Fairbridge prospects, which are close to the high-grade Cathedrals and Stricklands discoveries.
HIGHLIGHTS:
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2019 Drilling Campaign has Commenced:
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+5,500m reverse circulation (RC) drill programme is underway
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First target being drilled is the new West End Prospect which will test for a continuation of the highly mineralised Cathedrals Belt towards the Ida Fault
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Second target to be drilled will be the new Fairbridge Prospect with the first ever drilling of the interpreted mineralised contact between the high-grade discoveries at the Stricklands and Cathedrals Prospects
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Downhole electromagnetic (DHEM) Surveys from the 2018 Drilling Programme Confirm More Off-Hole Conductors:
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Modelling of the DHEM survey data has been finalised by Newexco with additional strong off-hole EM conductors identified that are consistent with massive sulphides
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Diamond drilling of these conductors will commence in 4 to 6 weeks
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Strong potential to further extend the strike of high-grade mineralisation
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Assays from 2018 Drilling Confirm High-Grade Nickel-Copper Sulphide Mineralisation:
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Further laboratory assays have been received for drill holes completed in late 2018
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Assays confirm multiple intersections of high-grade nickel-copper-cobalt-PGEs including MAD136 which returned:
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5.11m @ 3.88%Ni, 2.4%Cu, 0.10%Co and 6.93g/t total PGEs from 148m, including 2.38m @ 6.76%Ni, 4.29%Cu, 0.19%Co and 6.39g/t total PGEs from 149.5m
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Emerging Western Australian nickel company St George Mining Limited (ASX: SGQ) (“St George” or “the Company”) is pleased to announce that drilling of nickel-copper sulphide targets has commenced at the Mt Alexander Project, located near Leonora in the north Eastern Goldfields.
St George Mining Executive Chairman, John Prineas said: “The 2019 drill campaign at Mt Alexander is off to an exciting start with a range of drill targets that have strong potential to discover further nickel-copper sulphides.
“The RC drill programme will be testing for continuations of the known high-grade mineralisation as well as testing for additional occurrences in areas where there has been no or very little previous drilling.
“The first holes to be drilled are at the new West End and Fairbridge targets. These areas are located on the highly mineralised Cathedrals Belt and adjacent to the high-grade discoveries at Investigators, Stricklands and Cathedrals.
“The concurrent use of drilling and DHEM surveys will continue to be used to scope out the distribution of the sulphide mineralisation. This has proved to be a very effective exploration method with modelling of DHEM data from drill holes completed at Investigators and Stricklands late last year identifying a number of strong off-hole EM conductors which we believe represent extensions of the known nickel-copper sulphide mineralisation.
“The strong results from the 2018 drilling continue with final assays from that drilling confirming further high-grade nickel-copper-cobalt-PGEs in multiple intersections.
“The high PGEs in our mineralisation are particularly pleasing, with palladium – currently trading at another new record price – comprising around 80% of the total PGEs.”
