Growth focused Western Australian nickel company St George Mining Limited (ASX: SGQ) has made a new discovery of high-grade nickel-copper sulphides at its flagship Mt Alexander project, in the north-eastern Goldfields.
Growth focused Western Australian nickel company St George Mining Limited (ASX: SGQ) has made a new discovery of high-grade nickel-copper sulphides at its flagship Mt Alexander project, in the north-eastern Goldfields.
Drill hole MAD199 intersected 10.96m of continuous nickel-copper sulphides, from a depth of 336.6m, that returned XRF readings of up to 7.34% nickel and up to 4.74% copper.
The XRF readings need to be confirmed by laboratory assays.
The success of MAD199 confirms Mt Alexander’s status as the most exciting greenfields nickel sulphide exploration project in Australia.
Above: fresh drill core from the massive sulphide interval of MAD199 between 342.12m to 343.4m which delivered average XRF readings of 7.34% Ni and 2.94% Cu (laboratory assays pending)
St George Mining Executive Chairman John Prineas said:
“We are delighted to have made another high-grade discovery with MAD199 and believe there is excellent potential to discover further high-grade mineralisation in other underexplored areas of the Cathedrals Belt.
“MAD199 has delivered an outstanding intersection of nickel-copper sulphides that may be indicating the presence of a large accumulation of mineralisation.
“At more than 300m below surface, these are the deepest massive nickel-copper sulphides identified in the Cathedrals Belt and confirm our interpretation that the large intrusive mineral system at the Cathedrals Belt can host significant mineralisation at depth.
“St George’s diligent and systematic exploration efforts at Mt Alexander have already yielded four high-grade nickel-copper sulphide discoveries across a 5.5km strike length. The success with MAD 199 extends the strike length and is enormously encouraging as we continue to prove up further nickel-copper mineralisation along the Cathedrals Belt.”
A link to St George’s ASX announcement discussing MAD199 is below.
