Emerging nickel stock St George Mining (ASX: SGQ) has confirmed more high-grade nickel-copper sulphide hits at its Mt Alexander project near Leonora, including assays of 8.4m at 2% nickel, 0.96% copper and 0.06% cobalt at drill hole MAD108. Drilling continues at the Investigators prospect, one of three discoveries across the Mt Alexander project, to confirm the extent of the high-grade nickel sulphide mineralisation.
HIGHLIGHTS:
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Assays for MAD108 at Investigators confirm a wide intercept of high-grade nickel- coppercobalt-PGEs with:
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8.4m @ 2%Ni, 0.96% Cu, 0.06% Co, 2.59g/t total PGEs from 199m, including
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1.37m @ 6.83% Ni, 2.88% Cu, 0.21% Co, 5.58g/t total PGEs from 206.03m
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MAD108 has increased the down plunge of mineralisation on the MAD60 section to 320 metres with further step-out drilling in the down dip direction underway
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Testing of conductor MAD111:X1 at Investigators continues with nickel-copper sulphides confirmed by initial drilling
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MAD117 intersects further massive nickel-copper sulphides at Investigators East
Emerging Western Australian nickel company St George Mining Limited (ASX: SGQ) (“St George” or “the Company”) is pleased to announce further strong exploration results from the drill programme underway at the Mt Alexander Project, located near Leonora in the north-eastern Goldfields.
MAD108 was the first drill hole to be completed in the current drill programme, and tested conductor MAD98:X1 which was modelled with a very strong conductivity/thickness of 67,000 Siemens. Modelling by Newexco also indicated that the conductor would be intersected at 205m downhole.
MAD108 successfully intersected massive sulphides as predicted in the modelling with assays returning:
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8.4m @ 2%Ni, 0.96% Cu, 0.06% Co, 2.59g/t total PGEs from 199m, including
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1.37m @ 6.83% Ni, 2.88% Cu, 0.21% Co, 5.58g/t total PGEs from 206.03m
This is a very significant result because it extends the down plunge strike of high-grade mineralisation on the MAD60 section (approx. 231220E) to 320m.
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