Emerging WA nickel company St George Mining (ASX: SGQ) has signed off on a busy March quarter that saw the resumption of drilling at the highly prospective Mt Alexander project near Leonora, in Western Australia. St George is planning 20 drill holes across Mt Alexander and by the March 31 balance date had completed five holes at Stricklands, one of three high-priority targets across Mt Alexander. Several drill holes intersected thick nickel-copper sulphides.
MT ALEXANDER PROJECT:
- Major diamond and RC drill programme commenced at Mt Alexander
- Drilling continues to intersect thick nickel-copper sulphide mineralisation over a 4km strike of the Cathedrals Belt
- St George completes an oversubscribed $4m capital raising
- St George funded for drilling in 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 31 March 2018.
MT ALEXANDER PROJECT – DRILLING CONFIRMS ADDITIONAL MINERALISATION A major diamond and RC (reverse circulation) drill programme commenced in March 2018 at the Mt Alexander Project.
The planned drill programme involves twenty planned drill holes for 2,510m of drilling. At the end of the quarter a total of five holes for 388.5m had been drilled at the Stricklands Prospect.
The majority of the planned drill holes are at the Stricklands Prospect where drill hole MAD71, completed late last year, returned the best intersection to date at the Mt Alexander Project.
Drilling is also planned at the Investigators Prospect, with the first ever deep drilling of electromagnetic (EM) targets. The planned drill holes at Investigators will test a 500m strike of the Investigators trend including several downhole EM (DHEM) and SAMSON EM plates.
The SAMSON EM plates to be drilled will test for mineralised ultramafic at depth in areas with minimal previous drill testing.
Interim results from the drilling at Stricklands indicate that a number of drill holes have intersected thick nickel-copper sulphides along strike from MAD71. Assay results for these drill holes are pending.
Mineralisation at Stricklands remains open to the west, east and north of MAD71 with the mineralised ultramafic at Stricklands interpreted to extend for over 400m.
The drill results will be fully evaluated once the drill programme and detailed geological logging have been completed, and results from assaying and DHEM have been received.
For further details on interim drill results, please refer to our ASX Release dated 26 March 2018 ‘St George Intersects Thick Nickel-Copper Sulphides’ and to the other recent ASX Releases listed on page 6 of this Report.