Growth-focused nickel company St George Mining Limited (ASX: SGQ) has reported significant new results from geophysical surveys completed at its flagship Mt Alexander Project, in Western Australia’s Goldfields.
The geophysical program, comprising new seismic and electromagnetic surveys, has generated multiple targets that warrant further exploration for nickel-copper-PGE Mineralisation. One of the most compelling targets was a late-time EM conductor modelled with conductivity of 3,500 Siemens and a plate 200m x 150m, approximately 320m below the surface underneath thick granites that have intruded the greenstone belt.
Two additional EM anomalies were identified at the granite/greenstone contact – having a strike of 1,000m and 800m respectively – with modelling ongoing while a large EM conductor was identified in the southern area of the Radar prospect.
St George is continuing the interpretation of new seismic and EM data for further target generation and plans to drill targets in Q4 2022.
“With multiple high-grade discoveries at the project and large areas of tenure underexplored, Mt Alexander is one of the most prospective nickel-copper-PGE sulphide projects in Western Australia,” St George executive chairman John Prineas said.
“We are delighted that the latest seismic and EM surveys have delivered a number of targets that have potential to add to our existing discoveries. Significantly, the new targets are in unexplored areas of the project identified as having potential for new, large deposits. We look forward to progressing these targets to drill testing in the coming weeks.
“We are also finalising our review of the lithium prospectivity at Mt Alexander, with our report expected very shortly. Investor interest in the lithium potential of this area is growing with continuing success by Red Dirt Metals (ASX: RDT) at its nearby lithium project and Zenith Minerals (ASX: ZNC) also commencing its lithium search in Mt Alexander.”
