Growth focused Western Australian nickel company St George Mining Limited (ASX: SGQ) has commenced drilling of multiple strong EM conductors at its flagship high-grade Mt Alexander project, located in the north-eastern Goldfields of WA.
HIGHLIGHTS:
Diamond drilling of strong EM conductors has started:
-
Drilling of new EM conductors commenced yesterday.
-
First target being drilled is a strong 33,100 Siemens off-hole conductor identified from the downhole EM (DHEM) survey in MAD185.
-
Drilling of additional new EM conductors is planned including two conductors modelled with conductivity of 55,550 Siemens and 26,000 Siemens, respectively, identified from the DHEM survey in MAD192.
Drilling of metallurgical holes at Stricklands has been completed
-
Seven diamond core holes drilled for use in metallurgical test work underway in Canada.
-
Abundant nickel-copper sulphides intersected within the Stricklands resource envelope.
-
Approximately 200kg of core samples being prepared for air freight to Canada.
John Prineas, St George Mining’s Executive Chairman, said:
“Geological and geophysical interpretation supports the new conductors at Investigators and West End having a massive sulphide source.
“We are excited to start drilling of these powerful conductors and look forward to reporting results as drilling progresses.
“The metallurgical drilling at Stricklands has successfully concluded with high-grade samples now being prepared for transport to Canada.
“The thick nickel-copper sulphides at shallow depths intersected by the met holes is a reminder of the excellent high-grade mineralisation at Stricklands and its potential to support a robust starter mine.
“Our regional exploration is also progressing well, with potential for this work to deliver new nickel-copper sulphide targets across the broader tenement package.
“With the nickel price continuing to rise, nickel demand for the EV market growing and a dearth of highgrade nickel sulphide exploration success across Australia, Mt Alexander is well positioned to attract attention from investors looking for significant new high-grade nickel sulphide discoveries.”
