Growth focused Western Australian nickel company St George Mining Limited (ASX: SGQ) is pleased to announce drill targets for the first phase of the 2020 drill program at its flagship Mt Alexander nickel-copper sulphide project, located in the north-eastern Goldfields. The 2020 drill program will commence with two rigs at site – a reverse circulation (RC) rig and a diamond rig. The field crew has already mobilised to site and is completing site preparations for the planned drilling which is scheduled to commence on or about 20 March 2020.
HIGHLIGHTS:
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Phase 1 of the 2020 drill programme is set to begin:
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+12,000m drill programme scheduled to commence this month
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Multi-rig programme with diamond and reverse circulation (RC) drilling to test multiple electromagnetic (EM) and geological targets for nickel-copper sulphides
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Potential for new high-grade nickel-copper sulphide discovery:
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Drilling at the West End and Fish Hook Prospects has potential to deliver a greenfields discovery, with both areas featuring compelling new EM targets that have never been drilled
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Continued extensional drilling of existing high-grade discoveries:
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Drilling will resume at the Investigators Prospect to further test the continuation of the high-grade mineralisation already discovered over a strike of 1.5km
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Drill targets at Investigators will include new downhole EM (DHEM) anomalies identified from recent deeper drill holes and more than 30 EM anomalies identified in 2019
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Resource definition drilling accelerates:
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Resource drill-out of the shallow high-grade mineralisation at the Stricklands Prospect
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St George Mining’s Executive Chairman, John Prineas, said: “This drill programme is designed to deliver several important milestones for the Mt Alexander Project.
“The first ever drilling of priority targets at West End and Fish Hook has the potential to deliver a new discovery. We already have four shallow, high-grade discoveries at the Cathedrals Belt – Investigators, Stricklands, Cathedrals and Radar – and we are excited at the opportunity to potentially add to our tally.
“The resource definition drilling of the shallow high-grade deposit at Stricklands is also highly anticipated as we continue to work towards a potential mining operation at Mt Alexander.
“Our target is to deliver a low capex, high profit margin mining proposal for Stricklands.
“Extensional drilling will also resume at Investigators where we will drill the deepest holes ever for the Belt. Together with the pending results of the magnetotelluric (MT) survey, which will map the mineralised structures and stratigraphy at depth, our search for potential deeper deposits will escalate in 2020.”
