Growth-focused Western Australian nickel company St George Mining (ASX: SGQ) has announced that drilling has established further significant extensions of high grade mineralisation at its flagship Mt Alexander Project, located in the north-eastern Goldfields.
HIGHLIGHTS
· Large step-out hole at Investigators Prospect intersects thick nickel-copper sulphides 100m along strike of known mineralisation:
· 18m thick ultramafic intersected at Investigators East – including 7m of nickel-copper sulphide – from 91.9m downhole in drill hole MAD166
· The intersection in MAD166 is 100m along strike of previously known mineralisation, significantly increasing the strike of high-grade mineralisation at Investigators East
· Mineralisation remains open in the north-northwest down-dip direction
· Laboratory assays confirm a significant down-plunge extension of high-grade mineralisation at the Stricklands Prospect:
· MARC128 has returned assays of
· 5m @ 2.97% Ni, 1.04% Cu, 1.02 g/t PGEs from 83m, including
· 3m @ 4.34% Ni, 1.11% Cu, 1.05gpt PGEs from 84m
· MARC128 is 100m down-plunge of the exceptional intersection in MAD71 (17.45m @ 3.01% Ni, 1.31% Cu, 0.13% Co and 1.68g/t total PGEs from 37.45m) and 50m downplunge from previously known high-grade mineralisation
· MARC128 significantly increases the down-plunge strike of mineralisation at Stricklands with mineralisation open in the north-northwest down-dip direction
· Geological interpretation indicates potential for down-plunge extensions at Stricklands and Investigators to connect at depth as part of a larger intrusive mineral system
John Prineas, St George Mining’s Executive Chairman, said: “Step-out drilling continues to deliver excellent results across our Mt Alexander Project with more hits of high-grade mineralisation both down-plunge and along strike of the known shallow nickel-sulphide deposits.
“The down-plunge extensions are all pointing in the same north-northwest direction, giving weight to the geological model that there may be a larger, intrusive-style nickel sulphide deposit at depth.
“Field activities continue in full swing with diamond drilling 24/7, downhole EM surveys underway and further surface EM surveys about to resume. A second drill rig is also scheduled to arrive soon.
“We will continue to test the down-plunge extensions at Investigators and Stricklands and are also excited to be escalating drilling at the new targets at Radar, Bullets and Fish Hook.”
