Growth focused Western Australian nickel company St George Mining Limited (ASX: SGQ) today announced the escalation of drilling at its flagship high-grade Mt Alexander Project, located in the north-eastern Goldfields of WA.
HIGHLIGHTS:
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Two diamond rigs now in operation to drill for potential nickel-copper sulphide discoveries at Mt Alexander.
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Second diamond drill rig arrived at site on the weekend and started drilling yesterday.
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First target being drilled by the second rig is a strong 55,550 Siemens off-hole conductor identified from the downhole EM (DHEM) survey in MAD192.
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Drilling by the first diamond drill rig of a strong 33,100 Siemens conductor continues with drilling at 115.5m downhole as of yesterday.
John Prineas, St George Mining’s Executive Chairman, said:
“We are delighted that a second diamond drill rig has arrived at Mt Alexander. Availability of drill rigs in Western Australia remains very tight so securing an additional rig is a great outcome for St George. “The availability of the rig was only confirmed last Friday, on short notice. We have a number of EM conductors and deep stratigraphic exploration holes lined up and ready for drilling. The second rig will serve to expedite testing of these targets. “The two EM conductors currently being drilled are interpreted to have a massive sulphide source. They are located to the west of known massive nickel-copper sulphide mineralisation and offer an excellent opportunity to make a new discovery in this unexplored area of the Cathedral Belt.”
