Downhole electromagnetic surveys at emerging WA nickel stock St George Mining’s (ASX: SGQ) exciting Mt Alexander project have identified further strong off-hole conductors at the Investigators prospect that are consistent with a massive sulphide source. Drilling continues at Investigators, one of three high-grade nickel discoveries across the Mt Alexander project area. Mt Alexander is near Leonora, in the heart of WA’s nickel sulphide region.
HIGHLIGHTS:
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Downhole electromagnetic (DHEM) surveys in the recently completed drill holes at Investigators have identified strong off-hole conductors that are consistent with a massive sulphide source
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Surveys in MAD116 and MAD118 result in the re-interpretation of conductor MAD111:X1 as three strong conductive sources with three new targets modelled for drilling:
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Conductor MAD116:X1 with conductivity of 208,000 Siemens and located to the north of MAD116 and MAD118
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Conductor MAD116:X2 with conductivity of 188,000 Siemens and located to the south of MAD116 and MAD118
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Conductor MAD116:XXX with conductivity of 250,000 Siemens and located in a possible shear zone between MAD116 and MAD118
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Survey in MAD120b identifies a strong off-hole conductor, named MAD120b:X1, trending in a westerly down-dip direction with modelled conductivity of 210,000 Siemens
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The new conductors are located down plunge of the previously intersected mineralised ultramafic on the MAD111 section indicating the potential for a significant extension to the known mineralisation at Investigators
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Drilling of the new conductors is scheduled to commence later this week
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DHEM surveys of other recently completed drill holes is continuing
Emerging Western Australian nickel company St George Mining Limited (ASX: SGQ) (“St George” or “the Company”) is pleased to announce exciting results from the DHEM surveys carried out in a number of the recently completed drill holes at the Mt Alexander Project, located near Leonora in the north-eastern Goldfields.
John Prineas, St George Mining’s Executive Chairman, said:
“The DHEM surveys at Investigators are lighting up powerful conductors that are excellent targets for locating additional high-grade massive nickel-copper sulphide mineralisation.
“Drill holes MAD116, MAD118 and MAD120b were completed to test various positions along conductor MAD111:X1 at the Investigators Prospect, which was modelled with a strike extent of 80m and conductivity of 140,000 Siemens.
“Each of these holes intersected ultramafic rocks and nickel sulphides but not the kind of massive sulphides that could explain the strong EM conductor MAD111:X1.
“The new DHEM data has provided a breakthrough with modelling of the data indicating three strong conductors proximal to MAD116 and MAD118, and a large, strong conductor dipping to the west of MAD120b.
“The presence of multiple conductors suggests a large mineral system with potential to deliver a very significant increase in the down plunge strike of high-grade mineralisation on the MAD111 section.
“Drilling of these new targets will commence immediately after completion of the current hole MAD122, which is being completed approximately 260m to the west of these new conductors.”
