St George finds early success in drilling at Mt Alexander
Emerging Western Australian nickel company St George Mining Limited (ASX: SGQ) says drilling of nickel-copper sulphide targets at the Mt Alexander Project, located near Leonora in the north Eastern Goldfields, has turned up impressive results so far. The drilling program is now in full swing, with 10 holes completed and downhole EM surveys underway.
Emerging Western Australian nickel company St George Mining Limited (ASX: SGQ) has provided an update on the drilling of nickel-copper sulphide targets at the Mt Alexander Project, located near Leonora in the north Eastern Goldfields.
New geophysical surveys completed at the undrilled Fairbridge Prospect have confirmed several conductive targets that have been prioritised for drilling in the current reverse circulation (RC) drill programme.
The targets have electrical signatures consistent with sulphide mineralisation and the potential to be associated with the surface nickel-copper sulphide gossans observed at Fairbridge and/or the highly mineralised ultramafic units drilled at the adjacent Stricklands and Cathedrals Prospects.
New conductive targets ready for drilling at the Fairbridge Prospect:
Highly chargeable anomalies identified within the 1,000m east-west strike of the Fairbridge Prospect
Several anomalies are co-incident with nickel-copper sulphide gossans at surface
Interpretation of new geophysical data indicates that the mineralised ultramafic units drilled at the Stricklands and Cathedrals Prospects continue into the Fairbridge area and extend down-plunge to the north
Drilling at Fairbridge to commence in the coming days
Drilling at West End and Investigators Prospects confirms extensions of the Cathedrals Belt:
Six drill holes completed at the new West End Prospect with all intersecting the western extension of the fault structure that hosts the mineralised ultramafic within the Cathedrals Belt
Four extensional drill holes completed at the Investigators Prospect with disseminated nickel-copper sulphides intersected
Downhole Electromagnetic (DHEM) surveys underway:
DHEM surveys being used concurrently with drilling to identify any conductive targets around completed drill holes
Surveys on completed drill holes at West End commenced yesterday
Further drilling to be planned for West End and Investigators following a review of the DHEM survey results
St George Mining Executive Chairman, John Prineas said: “The drill programme at Mt Alexander is now in full-swing with 10 drill holes completed and downhole EM surveys also underway. “Initial drill results are encouraging and have identified extensions to the Cathedrals Belt. Downhole EM surveys in the completed holes will assist in exploring for further nickel-copper sulphides within the Belt.
“The new conductive targets at the Fairbridge Prospect are particularly exciting with final modelling of these targets giving us confidence in the potential of further exploration success in our first ever drilling at Fairbridge – scheduled to commence next week.”