Successful West Australian base metals explorer St George Mining (ASX: SGQ) is pleased to announce the identification of a highly anomalous nickel-copper soil anomaly in an unexplored area at its flagship Mt Alexander Project, located in the north-eastern Goldfields.
HIGHLIGHTS
- Assays for the soil geochemical survey in progress at St George’s 100% owned E29/1041 return highly anomalous values for nickel, copper and chromium.
- Anomalous soil values overlie a strong magnetic linear trend that is interpreted to represent a series of intrusive units.
- Soil anomaly has a strike of more than 1,600m, with assay values for nickel and copper exceeding those observed in soil surveys at the nickel-copper sulphide-bearing Cathedrals Belt.
- The shape and distribution of the anomalous soil values match the shape of the magnetic trend, further supporting the interpretation that the magnetic feature may represent a fertile intrusive unit similar to the highly mineralised Cathedrals Belt.
- Drilling at the new Carnac Prospect on E29/1041 is scheduled for mid to late August.
John Prineas, St George Mining’s Executive Chairman, said:
“The results of the soil survey at E29/1041 are very exciting and warrant high-priority follow-up at this unexplored area of the Mt Alexander Project.
“The peak soil values at E29/1041 are coincident with the strong magnetic features and provide a compelling target for potential nickel-copper sulphide mineralisation.
“These anomalous soil values are higher than anything we have seen at the Cathedrals Belt, where a number of high-grade nickel-copper sulphide discoveries have already been made.
“The drill rig currently engaged at our Paterson Project has another two weeks’ work to do there before it will be mobilised to Mt Alexander to begin drilling on E29/1041 – at the newly named Carnac Prospect.
“Drilling and exploration to date at Mt Alexander has successfully focused on the Cathedrals Belt, where numerous discoveries of high-grade nickel-copper sulphides have been made.
“That success has encouraged us to ramp up field work across the broader Mt Alexander tenement package and we are delighted that our systematic exploration on this 100%-owned tenure – where there has been no previous exploration – has already identified some exciting opportunities.”
