Emerging nickel company St George Mining (ASX: SGQ) has signed off on a quarter that delivered the highest grades yet at its quality Mt Alexander nickel project near Leonora, as it prepares to kick off the 2019 drilling campaign. Hits at Investigators, one of three high-grade discoveries at Mt Alexander, returned intercepts including 7.86m at 5.7% nickel, 2.1% copper, 0.18% cobalt and 2.65g/t total platinum group elements. Since the end of the quarter, St George has identified another high-quality target at Mt Alexander, the Fairbridge prospect, which will be the target of an RC program set to get underway within weeks. Extensive drilling by St George is starting to create a clearer picture of the enormous nickel potential at Mt Alexander.
MT ALEXANDER NICKEL SULPHIDE PROJECT:
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Best ever intersections of high-grade nickel-copper sulphides at Investigators:
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MAD126 which returned 7.86m @ 5.70%Ni, 2.11%Cu, 0.18%Co and 2.65g/t total PGEs from 184m
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MAD127 which returned 8.49m @ 5.78%Ni, 2.64%Cu, 0.18%Co and 3.61g/t total PGEs from 183.9m
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Down-plunge of high-grade mineralisation at Investigators extended to 380m
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Strong conductors identified by downhole electromagnetic (DHEM) surveys for follow-up drilling
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Extensional drilling continues to scope out the scale of the discoveries with mineralisation at the Cathedrals Belt open in all directions
EAST LAVERTON GOLD PROJECT:
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More than 2,200m of drilling completed
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Multiple intersections of quartz dolerite with quartz / carbonate veining and disseminated pyrite – highly prospective for gold
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Assays return anomalous gold in multiple drill holes including very encouraging intersections: ATHD005 returned 2m @ 3.32g/t from 204m
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Results support the potential for a large gold bearing mineral system
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Follow-up drill programme being planned
