Emerging WA nickel company St George Mining (ASX: SGQ) has intersected more thick nickel-copper sulphides at its Mt Alexander project in the Goldfields to inject momentum into the just-launched drilling program. Diamond drill hole MAD85 at the Stricklands prospect, designed to follow up on massive intersects by MAD71 late last year, struck mineralisation from 40m downhole. A 3.94m section returned average XRF readings of 4.7% nickel and 2% copper.
HIGHLIGHTS:
- 13.6m of nickel-copper sulphide mineralisation intersected from 40m downhole in MAD85 at the Stricklands Prospect
- Drill results support thick nickel-copper sulphide mineralisation intersected in MAD71 late last year and provide additional information for geological modelling
- Drilling at Mt Alexander is continuing with a further 17 planned drill holes to be completed in the current programme
Emerging West Australian nickel company St George Mining Limited (ASX: SGQ) (“St George” or “the Company”) is pleased to announce excellent results from the first diamond drill hole completed in the current programme at the Mt Alexander Project, located near Leonora in the north-eastern Goldfields.
Drill hole MAD85 at the Stricklands Prospect has intersected:
- 13.6m of nickel-copper sulphide mineralisation from 40m downhole comprising massive, semimassive, stringer, brecciated and disseminated nickel sulphides including:
- massive nickel-copper sulphides comprising a total of 3.94m of the overall intersection with average XRF readings of 4.7%Ni and 2%Cu
The nickel-copper sulphides intersected by MAD85 appear largely in situ, which supports the potential for further significant mineralisation at this prospect.
John Prineas, St George Mining’s Executive Chairman, said: “This is a great start to the 2018 drilling programme at Mt Alexander and gives us real momentum.
“It is very pleasing to see MAD85 return a thick intersection of nickel-copper sulphides that is comparable to the outstanding intersection in MAD71.
“The ultramafic channel at Stricklands is interpreted to have a strike over 400m, and the current programme will continue to test this highly prospective channel for additional high-grade mineralisation.”
MAD85 has confirmed the consistency of the mineralisation at this part of Stricklands, where the best intersection to date at the Mt Alexander Project – MAD71 – was completed late last year. The significant intersection in MAD71 was:
- 17.45m @ 3.01% Ni, 1.31% Cu, 0.13% Co and 1.68g/t total PGEs from 37.45m including the massive sulphide zones of:
- 5.3m @ 4.39% Ni, 1.45% Cu, 0.21% Co and 2.09g/t total PGEs from 39.3m; and
- 2.02m @ 5.05% Ni, 2.01% Cu, 0.21% Co and 3.31g/t total PGEs from 50.6m; and
- 0.5m @ 3.68% Ni, 3.9% Cu, 0.17% Co and 2.68g/t total PGEs from 54.4m.
