St George Mining provides March quarter report

St George Mining provides March quarter report

Emerging Western Australian nickel company St George Mining Limited (ASX: SGQ) has presented its quarterly activities report for the period ended 31 March. Highlights include commencement of a major reverse circulation drill program at the Mt Alexander nickel project, which has successfully identified new zones of nickel sulphide mineralisation and increased the potential scale of the mineralised envelope at the Cathedrals Belt.


Emerging Western Australian nickel company St George Mining Limited (ASX: SGQ) has presented its quarterly activities report for the period ended 31 March.

HIGHLIGHTS

Mt Alexander Project

·       Major Reverse Circulation (RC) drill programme commenced at Mt Alexander during the quarter

·       Drilling has successfully identified new zones of nickel sulphide mineralisation and increased the potential scale of the mineralised envelope at the Cathedrals Belt

·       Drilling results to date include:

·       More massive and disseminated nickel-copper sulphides intersected at the Investigators, Stricklands and Cathedrals Prospects as part of an infill and extensional drill programme to support resource definition

·       All drill holes completed in the first ever drilling of the interpreted mineralised contact at the Fairbridge Prospect have intersected the mineralised Cathedrals structure, supporting the potential for nickel-copper sulphides below the numerous nickel-copper sulphide gossans identified over a 1km strike

·       All drill holes completed in the first ever drilling at the West End Prospect intersected the mineralised Cathedrals structure, supporting the potential for high-grade mineralisation in the western extension of the Cathedrals Belt towards the major Ida Fault

·       Downhole electromagnetic (DHEM) surveys identify numerous strong off-hole EM conductors for testing in the upcoming diamond drill programme

Corporate

·       St George secures loan facilities of USD4million and AUD1million

·       St George fully funded for drilling in 2019

NTM Gold releases March quarter update

NTM Gold releases March quarter update

Strong balance sheet facilitates 2018 R&D loan repayment: Northern Minerals

Strong balance sheet facilitates 2018 R&D loan repayment: Northern Minerals