Emerging nickel company St George Mining (ASX: SGQ) has continued its extraordinary run of high-grade hits at the Mt Alexander project near Leonora. The last diamond drill hole, MAD127, at the Investigators prospect at Mt Alexander intersected 6.92m of massive nickel-copper sulphides Initial XRF readings suggested grades of more than 8% nickel and 5% copper. Drilling of the next hole, MAD128, is underway.
HIGHLIGHTS:
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6.39m of continuous massive nickel-copper sulphides intersected in MAD127 within a 12.02m mineralised interval starting from 180.37m downhole that comprises:
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Total length of massive nickelcopper sulphides intersected in MAD127 is 6.92m in aggregate
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MAD127 intercept of massive nickel-copper sulphides is the thickest to date at the Investigators Prospect
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Untested electromagnetic (EM) conductors located up-dip and down plunge from MAD127 support potential for extensions of high-grade mineralisation
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MAD127 continues St George’s 100% strike rate of high-grade nickel-copper sulphide conductors across the Cathedrals Belt
Image below: drill core from the massive sulphide interval of MAD127 between 184.42m to 190.81m with average XRF readings of 8.03%Ni and 5.06%Cu*
* Laboratory assays are pending and are required to confirm the nickel and copper grades which have been estimated using portable XRF analysis
Emerging Western Australian nickel company St George Mining Limited (ASX: SGQ) (“St George” or “the Company”) is pleased to announce another strike of high-grade massive nickel-copper sulphides at the Investigators Prospect within the Mt Alexander Project, near Leonora in the north-eastern Goldfields.
John Prineas, St George Mining’s Executive Chairman, said:
“The drilling at Investigators continues to deliver thick intersections of massive nickel-copper sulphides.
“Drill hole MAD127 tested the south-west extension of the high-grade mineralisation intersected in MAD126, which we announced last week as our best ever intercept at the Investigators Prospect.
“This latest drill hole looks like it will surpass MAD126, with MAD127 delivering the thickest intercept of massive nickel-copper sulphides at Investigators to date.
“These drill holes are on the MAD111 Line, which we interpret as being within a channelised lava flow.
“With limited drilling on the MAD111 Line and untested EM conductors along strike from these high-grade intercepts, we are confident of discovering more sulphide mineralisation in this channel.”
MAD127 was completed to a downhole depth of 210m to test south-west of the massive sulphides intersected in MAD126.
