Emerging WA nickel company St George Mining (ASX: SGQ) has released its quarterly activities report for the three months to June 30. a major diamond drilling program at Mt Alexander, located near Leonora, was completed during the quarter, with a total of 2,411m drilled. That comprised 1,878m of diamond drilling and 533m of RC drilling for pre-collars of drill holes. Drilling focused on the Stricklands and Investigators Prospects, situated along the Cathedrals Belt where high-grade nickel-copper-cobalt-PGE sulphides have been intersected over a strike of 4.5km.
MT ALEXANDER PROJECT:
- Nickel-copper sulphide mineralisation continues to grow
- Diamond drill programme completed in Q2 2018 with assays confirming multiple, wide high-grade intersections of nickel-copper sulphides
- Drill results confirm substantial increase in the footprint of nickel-copper sulphide mineralisation at Stricklands
- Strong off-hole electromagnetic (EM) conductors identified at Investigators that are highly prospective for further nickel-copper sulphides
- Diamond drill rig is mobilising to site and will commence drilling this week
EAST LAVERTON PROJECT:
- Nickel sulphide and gold exploration progresses
- Close-spaced airborne magnetic survey completed in Q2 2018 over the Ascalon, Athena and Bristol gold prospects
- High resolution data confirms magnetic breaks within differentiated dolerites which are prospective hosts for gold mineralisation with large areas untested by drilling
- New drill targets identified and prioritised for drill testing in Q3 2018
- Augur soil survey completed in Q2 2018 over approximately 50km2 of interpreted undercover greenstones
- Assays are pending
- St George completed a $2.7m capital raising • Well-funded for escalation of drilling activity in H2 2018
St George Mining Limited (ASX:SGQ) (“St George” or “the Company”) is pleased to present its Quarterly Activities Report for the quarterly period ended 30 June 2018.
MT ALEXANDER PROJECT: Nickel-Copper Sulphide Mineralisation Continues To Grow
A major diamond drill programme at the Mt Alexander Project, near Leonora in Western Australia’s Goldfields, was completed in Q2 2018. A total of 2,411.34m was drilled, comprising 1,878.34m of diamond drilling and 533m of reverse circulation (RC) drilling for pre-collars of drill holes.
Drilling focused on the Stricklands and Investigators Prospects, situated along the Cathedrals Belt where high-grade nickel-copper-cobalt-PGE sulphides have been intersected over a strike of 4.5km.
Drilling at Stricklands was focused on identifying the extent of mineralisation along the Stricklands ultramafic, where numerous intersections of high-grade mineralisation have already been made including MAD71 that returned assays of 17.45m @ 3.01% Ni, 1.31% Cu, 0.13% Co and 1.68g/t total PGEs from 37.45m.
The latest drilling delivered multiple wide intersections of nickel-copper sulphides in the west, north and east of the prospect area and confirmed a sizeable extension of the mineralised ultramafic to more than 400m of strike.
Assay results for drill holes completed in Q2 2018 included:
- MAD85 – 9.75m @ 3.46%Ni, 1.76%Cu, 0.16%Co and 2.26g/t total PGEs from 43.8m
- MAD93 – 3.16m @ 3.41%Ni, 1.21%Cu, 0.15%Co and 3.3g/t total PGEs from 66.18m
- MAD104 – 6.25m @ 2.36%Ni, 1.00%Cu, 0.15%Co and 1.25g/t total PGEs from 67.2m