Emerging WA nickel company St George Mining (ASX: SGQ) says drilling at the Mt Alexander project near Leonora continues to extend the high-grade sulphide mineralisation along a +400m strike at the Stricklands prospect. The high-grade nickel-copper-cobalt-PGE sulphide mineralisation at Stricklands commences from a shallow depth below surface and is open to the west, north and east. There is also potential for additional mineralisation at depth with most drill holes completed within 120m of surface.
HIGHLIGHTS:
- Laboratory assays confirm multiple significant intersections of high-grade nickel-coppercobalt-PGE mineralisation from recent drilling at the Stricklands Prospect
- MAD85 returned 9.75m @ 3.46%Ni, 1.76%Cu, 0.16%Co and 2.26g/t total PGEs from 43.8m
- MAD93 returned 3.16m @ 3.41%Ni, 1.21%Cu, 0.15%Co and 3.3g/t total PGEs from 66.18m
- Assays are pending for further drill holes recently completed at Mt Alexander and which intersected massive nickel-copper sulphides
- Potential for further extensions of the mineralisation with large areas of Stricklands still untested
- A follow-up drill programme is now being designed
Emerging West Australian nickel company St George Mining Limited (ASX: SGQ) (“St George” or “the Company”) is pleased to announce that drilling at the Mt Alexander Project, located near Leonora in the northern Goldfields, continues to extend the high-grade sulphide mineralisation along a +400m strike at the Stricklands Prospect.
The high-grade nickel-copper-cobalt-PGE sulphide mineralisation at Stricklands commences from a shallow depth below surface (i.e. 40m) and is open to the west, north and east. There is also potential for additional mineralisation at depth with most drill holes completed within 120m of surface. Figure 2 (within announcement) is a long section of Stricklands and highlights the multiple intersections of +1%Ni mineralisation over a 400m strike.
There are large areas between the significant intersections of mineralisation that are undrilled with potential to host further ultramafic with nickel-copper sulphides. Figure 3 (within announcement) is a cross section of the MAD85 and MAD71 line at Stricklands.
The mineralisation may potentially extend down plunge to the north-west. This area will be tested when drilling re-commences at Mt Alexander shortly.
St George Mining Executive Chairman, John Prineas said: “We are very pleased to see laboratory assays confirming the thick intersections of high-grade nickel-copper sulphides at Stricklands from the recently completed drill programme.
“The last round of drilling at Stricklands has identified a sizable extension to the mineralised ultramafic, with new high-grade intersections in the west, north and east of the prospect area.
“The most exciting aspect is that there is potential for further extensions of the mineralisation with large areas of Stricklands remaining untested. A follow-up drill programme is now being designed.”
