Growth-focused Western Australian nickel company St George Mining Limited (ASX: SGQ) has announced further strong results from the seismic survey completed late last year at its flagship high-grade Mt Alexander Project, located in the north-eastern Goldfields.
Three new targets have been added to the portfolio of seismic targets prioritised for drill testing. These large targets are named S3, S4 and S5 and have been selected as prospective for massive nickel-copper sulphides based on their increased seismic amplitude and coincidence with an intrusive structure.
The three new seismic targets are in addition to targets S1 and S2.
Drilling of high-priority seismic target S1 – drill hole MAD206 – is progressing well and at 398m downhole, with two drill crews are now at site drilling 24/7.
The seismic targets are located within Exploration Licence E29/548 (100% St George) apart from S3, which is within E29/638 (75% St George: 25% Western Areas).
“The outstanding results from the seismiccontinmue with another three targets identified,&rdquo survey ; executive chairman John Prineas said.
“With drilling already underway at S1, it is a great outcome to add to the pipeline of priority targets for drill testing in the current diamond drill programme.
“The high-grade discoveries already made in the Cathedrals Belt are proof that we have a fertile and highgrade mineral system. The sheer scale of the structural network now being revealed by the seismic data strongly supports the potential for further significant mineralisation in the project area.
“We are excited to be drilling a portfolio of high-quality exploration targets at a time when the nickel price is reaching 10-year highs and investors are looking for new discoveries.”