Growth-focused Western Australian nickel company St George Mining Limited (ASX: SGQ) has provided an update on activities and planned exploration programs at its flagship high-grade nickel-copper-PGE Mt Alexander Project, located in Goldfields.
The company’s exploration strategy is two-fold: firstly, to expand areas of known high-grade massive sulphide mineralisation intersected near surface at Mt Alexander and, secondly, at the same time test several large conceptual targets that have potential to deliver a step change in the scale of Mt Alexander.
Following a comprehensive review of all available technical data for St George’s extensive holdings at Mt Alexander, five conceptual target areas with minimal or no previous drilling have been identified for priority testing.
Diamond drilling is continuing with a strong EM conductor (22,500 Siemens) at Stricklands currently being tested as part of the strategy to expand the known deposits.
“Our systematic exploration continues to deliver encouraging results that support the potential for further significant mineralisation at Mt Alexander,” executive chairman John Prineas said:
“With surface EM surveys having limited detection at depth, the seismic survey has been invaluable in mapping the host structures and revealing prospective areas for exploration. Further seismic surveys will assist with 3D structural interpretation and provide datasets needed to make more discoveries.
“The geological and structural interpretations continue to evolve with new exploration results. Our very experienced and committed technical team is also looking at new concepts and methods to provide additional information that can assist exploration targeting.
“With investor interest in quality nickel exploration opportunities continuing to grow enormously, we are energised by these new exploration initiatives which could help to add to the four shallow high-grade nickel-copper discoveries we have already made across the Cathedrals Belt.
“We are also looking forward to the initial diamond drilling program at the Paterson Project, in the eastern Pilbara region of WA, to commence soon.
“This program will test a number of compelling drill targets for potential copper and gold mineralisation and deliver some exciting newsflow to complement our activities at Mt Alexander.
“With advanced exploration underway around the known high-grade deposits and recognition of five large, conceptual targets at Mt Alexander – plus the commencement of diamond drilling at Paterson – this year is shaping as very productive for the company and a very exciting time for St George shareholders.”
