Latest drilling at St George Mining’s (ASX: SGQ) Mt Alexander project near Leonora has intersected more massive sulphides mineralisation or prospective ultramafics to expand the known zones of mineralisation at the Investigators and Stricklands prospects. St George has ended 2018 with strong momentum following a run of drilling success that has turned Mt Alexander into the most advanced high-grade nickel exploration project in Australia.
HIGHLIGHTS:
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Extensional drilling expands the footprint of mineralisation:
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A further five drill holes have been completed at the Cathedrals Belt with all intersecting massive sulphide mineralisation or prospective ultramafics
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Drilling has expanded the known zones of mineralisation at Investigators and Stricklands
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Mineralisation remains open in all directions
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Downhole EM (DHEM) surveys identify strong conductors for drill testing:
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DHEM surveys on recently completed drill holes are continuing
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Interim results indicate strong off-hole conductors for follow-up drill testing
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Very strong conductor identified along strike of the massive sulphides in MAD126 and MAD127 – conductor MAD124: X1 with modelled conductivity of 153,000 Siemens
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Assays Confirm High-Grade PGEs:
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Final assays for MAD126 and MAD127 confirm thick high-grade PGEs:
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MAD126 – 5.25m @ 3.10g/t total PGEs (Pd, 2.52g/t; Pt, 0.58g/t) from 184m
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MAD127 – 8.49m @ 3.61g/t total PGEs (Pd, 2.96g/t; Pt, 0.65g/t) from 183.9m
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Over 80% of the PGEs are palladium which is currently trading at an all-time high market price
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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 outstanding exploration results at the Mt Alexander Project, located near Leonora in the north Eastern Goldfields.
Further drilling has been completed at the Investigators and Stricklands Prospects located within the 4.5km stretch of the Cathedrals Belt where high-grade nickel-copper sulphide discoveries have been made by St George.
All five drill holes completed since our previous exploration update have intersected massive sulphide mineralisation or prospective ultramafics, confirming extensions to the known zones of mineralisation – see below for further details. The high-grade sulphide mineral system remains open in all directions.
DHEM surveys are continuing on the completed drill holes and have already identified strong off-hole EM responses which remain untested by drilling. Of particular encouragement is a very strong off-hole conductor identified from the DHEM survey in MAD124.
The conductor, MAD124: X1, is located up-dip from the massive sulphides in MAD126 and MAD127. It is modelled with conductivity of 153,000 Siemens and is consistent with a massive sulphide source. MAD124: X1 is an extension of the complex, multiple strong conductors on the MAD111 Line, and has been prioritised for drill testing early in 2019
