Growth-focused Western Australian nickel company St George Mining Limited (ASX: SGQ) (“St George” or “the Company”) is pleased to announce that drilling of nickel-copper sulphide targets is underway at its flagship high-grade Mt Alexander Project, located in the north-eastern Goldfields.
HIGHLIGHTS
MULTIPLE NICKEL-COPPER SULPHIDE TARGETS TO BE TESTED:
- Reverse circulation (RC) drilling has resumed at the high-grade Mt Alexander Project
- Several nickel-copper sulphide targets located on tenements owned 100% by St George will be tested including:
- The Carnac Prospect on E29/1041, where a linear magnetic trend with coincident Ni-Cu soil anomalism may represent a mineralised intrusive unit similar to the Cathedrals Belt.
- A strong magnetic anomaly identified in the latest aeromagnetic survey on E29/972, which has the potential for a late-stage intrusive unit.
- Historical Ni-Cu soil anomaly on E29/962 that is coincident with ultramafic rocks already confirmed by previous drilling
RESOURCE DEFINITION DRILLING TO COMMENCE AT THE CATHEDRALS PROSPECT:
- Infill drilling for the shallow, high-grade nickelcopper sulphide deposit at the Cathedrals Prospect
- Drilling will test continuity of known high-grade mineralisation ahead of potential resource estimation
John Prineas, St George Mining’s Executive Chairman, said:
“We have resumed drilling at Mt Alexander with an exciting pipeline of nickel-copper sulphide targets.
“These early-stage targets have been generated by our ongoing exploration of the 100% St George owned tenements at Mt Alexander. These targets offer an excellent opportunity to expand the footprint of mineralisation at Mt Alexander with a new discovery.
“Infill drilling will also be undertaken at the Cathedrals Prospect, where high-grade nickel-copper sulphides have been intersected at shallow depths across a strike length of more than 200m.
“The high-grade mineralisation at Cathedrals – typified by intercepts of massive nickel-copper sulphides like MAD056 – highlights how special Mt Alexander is. The combination of high-grade nickel, copper, cobalt and platinum group metals is simply not seen anywhere else in Australia.
“With nickel prices powering ahead on rising battery metal demand, Mt Alexander is well positioned to attract attention from investors looking for proven high-grade nickel sulphide discoveries.”
