Emerging explorer St George Mining (ASX: SGQ) has discovered a new nickel sulphide prospect, Fairbridge, at its highly prospective Mt Alexander project near Leonora and is preparing for a maiden drilling campaign within weeks. Fairbridge was identified following the discovery of multiple nickel sulphide gossans across a 1km undrilled strike of the Cathedrals Belt. A reverse circulation drilling program should get underway by the middle of next month. Fairbridge has the potential to add to high-grade nickel sulphide discoveries at Mt Alexander’s flagship discoveries Investigators, Cathedrals and Stricklands.
HIGHLIGHTS:
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Multiple strong conductors identified by downhole electromagnetic (DHEM) surveys:
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Off-hole EM conductors have been detected from DHEM surveys in recently completed drill holes at the Investigators and Stricklands Prospects
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Strong conductors are consistent with a massive sulphide source Ø
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Outstanding targets for the extension of nickel-copper sulphide mineralisation
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Nickel sulphide gossans identified within a 1,000m undrilled strike of the Cathedrals Belt, named the Fairbridge Prospect:
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Reconnaissance field inspection across Fairbridge identifies multiple gossans which have been confirmed by laboratory assays to be likely sourced from nickel sulphides
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Geophysical surveys are underway to screen for any conductive material at depth which may represent sulphide mineralisation
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This wide section of the highly mineralised Cathedrals Belt remains untested by drilling and represents an exceptional target for the discovery of further nickel-copper sulphide mineralisation
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Reverse circulation (RC) drill programme to commence in mid-February 2019
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RC drill programme planned to test a 2,500m strike of the Cathedrals Belt between the Investigators Prospect and the Ida Fault, named the West End Prospect:
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Re-interpretation of recent drill data from Investigators suggests that the Investigators ultramafic unit dips to the west and may lie underneath a paleochannel observed in magnetic data
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Reconnaissance RC drilling will be undertaken to test for the presence of sulphide mineralisation which may be ‘blind’ to previous geophysical surveys
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Emerging Western Australian nickel company St George Mining Limited (ASX: SGQ) (“St George” or “the Company”) is pleased to announce further nickel-copper sulphide targets at the Mt Alexander Project, located near Leonora in the north Eastern Goldfields, which have potential to significantly expand the large footprint of high-grade mineralisation at the Project.
Drilling to date by St George at the Cathedrals Belt has identified a 4.5km strike of high-grade nickel-copper sulphide mineralisation. Large parts of the Cathedrals Belt, including extensions to the east and west of the known mineralisation, remain undrilled and offer highly prospective targets for the discovery of additional nickel-copper sulphides.
St George Mining Executive Chairman, John Prineas said:
“It is very pleasing to see the latest exploration work generate new targets for nickel-copper sulphides within the large mineral system at Mt Alexander.
“These targets cover a significant area of the highly mineralised Cathedrals Belt and provide encouragement that the extent of sulphide mineralisation within the Belt may be much more expansive than identified by drilling to date.
