Emerging WA nickel company St George Mining (ASX: SGQ) has resumed drilling at its Mt Alexander project near Leonora, with the first phase focused on testing five new electromagnetic conductors identified at the Investigators prospect from downhole EM surveys in recently completed drill holes. The drilling of the five new EM conductors has strong potential to identify significant extensions to the known mineralisation at Investigators.
Emerging West Australian nickel company St George Mining Limited (ASX: SGQ) (“St George” or “the Company”) is pleased to announce that drilling has resumed at the Mt Alexander Project, located near Leonora in the north-eastern Goldfields.
The first phase of the current drill programme is focused on testing five new electromagnetic (EM) conductors identified at the Investigators Prospect from downhole EM (DHEM) surveys in recently completed drill holes. Table 1 (within announcement) shows details of the planned drill holes.
Figure 1 (within announcement) is a plan view map of Investigators and shows the surface projection of the modelled plates for the untested EM conductors.
The map is set against a large surface SAMSON EM signature and also shows the multiple intersections of nickel-copper sulphides already achieved across the 1.5km strike of Investigators.
The drilling of the five new EM conductors has strong potential to identify significant extensions to the known mineralisation at Investigators. The first EM conductor to be drilled will be MAD98: X1, which is modelled with a very strong conductivity of 67,000 Siemens and is situated down dip from the significant nickel-copper sulphide intersection in MAD60 of 5.3m @ 4.95%Ni, 2.75%Cu, 0.16%Co, and 4.55g/t total PGEs from 157.9m.
St George Mining Executive Chairman John Prineas said: “The conductors at Investigators are excellent targets for massive nickel-copper sulphides and drilling success could see a sizeable extension to the strike of mineralisation.
“The MAD98:X1 conductor will, if confirmed as nickel-copper sulphides, extend the down dip strike of nickel-copper sulphide mineralisation on the MAD60 section to an impressive 320m.
”Drilling has started on a single shift basis, ramping up to a double shift over the weekend and continuing on a 24/7 basis. We look forward to announcing initial results over the coming days.”