Emerging Western Australian nickel company St George Mining Limited (ASX: SGQ) has received further strong results from a drilling program currently underway at its Mt Alexander Project, located near Leonora in the northeastern Goldfields. The interim results show that the mineralised ultramafic dips to the north, with stronger nickel sulphide mineralisation at depth.
Emerging Western Australian nickel company St George Mining Limited (ASX: SGQ) has received further strong results from a drilling program currently underway at its Mt Alexander Project, located near Leonora in the northeastern Goldfields.
HIGHLIGHTS:
Drilling is Underway at Fairbridge:
· Two drill holes completed at the new Fairbridge Prospect with thick intersections of ultramafic and nickel sulphides
· Early results add support to the potential for the highly chargeable anomalies at Fairbridge to represent nickel sulphide mineralisation
Extensional Drilling Identifies New Zone of Nickel Sulphide Mineralisation:
· Three wide-spaced drill holes completed in the undrilled 500m strike between the Stricklands and Investigators Prospects on the Cathedrals Belt
· All three drill holes intersected ultramafic with nickel sulphides confirming a new and wide zone of mineralisation that is open to the north, south and at depth
· Downhole electromagnetic (DHEM) surveys underway to identify any conductive targets around the drill holes
DHEM Surveys at West End Identify Off-Hole EM Conductors:
· Two off-hole EM conductors identified from DHEM surveys completed at West End Prospect
· Further drilling to be scheduled for West End to test the DHEM conductors and extend the line of drill holes westwards along the Cathedrals Belt to the Ida Fault
Two drill holes – MARC093 and MARC094 – have been completed at the eastern margin of the Fairbridge Prospect to test a large chargeable anomaly that is interpreted to be the western extension of the mineralised ultramafic at the Cathedrals Prospect. Both drill holes intersected thick intervals of ultramafic rocks and nickel sulphide mineralisation.
MARC093 was completed to a downhole depth of 178m, and intersected approximately 7m of disseminated nickel sulphides in ultramafic from 60m downhole. A second ultramafic unit was observed at 150m downhole. MARC094 was drilled to the north of MARC093, and was completed to a downhole depth of 226m. MARC094 intersected approximately 5m of disseminated and blebby nickel sulphides from 90m downhole, and then another 4m of coarse nickel sulphides – including network textured and large blebby sulphides – from 197m downhole.
These interim results demonstrate that the mineralised ultramafic dips to the north, with stronger nickel sulphide mineralisation at depth. Significantly, a large chargeable anomaly has been modelled to the north of MARC094, at a vertical depth from surface of approximately 250m. The first ever drilling of this large anomaly is scheduled for this week.
