St George Mining (ASX: SGQ) has provided its quarterly activities report for the quarterly period ended 31 December 2021.
HIGHLIGHTS:
Mt Alexander
- Seismice survey unlocks standout targets
- First-ever seismic survey has mapped the complex intrusive and fault structures across the survey area, providing valuable data for exploration targeting at deeper levels of the large, high-grade mineral system at Mt Alexander
- Interpretation of the seismic data has identified five priority targets for the potential discovery of a Ni-Cu-PGE deposit
- Diamond drilling of priority targets is underway
- Diamond drilling of the seismic targets has commenced
- First target being drilled is S1, which is located down-dip of the shallow high-grade nickelcopper sulphide mineralisation discovered at the Investigators Prospect
- All five seismic targets scheduled for drilling have seismic properties the same as those for the known massive nickel-copper sulphides intersected at shallow depths
- St George-CSIRO research project
- Interim findings from St George-CSIRO research project indicate the mafic-ultramafic intrusions of the Cathedrals Belt are of Proterozoic age and belong to the Warakurna Large Igneous Province (LIP)
- The Warakurna LIP is known to be highly prospective for Ni-Cu-PGE mineralisation with deposit examples in Western Australia including the large Nebo-Babel Ni-Cu-PGE deposit being developed by OZ Minerals (ASX: OZL)
Paterson Project
- Airborne electromagnetic (VTEM) survey completed over E45/5226
- Interpretation of VTEM survey underway in conjunction with gravity and other geophysical surveys completed at the project
- Maiden diamond drilling programme of copper-gold targets generated from the Company’s previous drilling and the VTEM is scheduled for March/April 2022
