Growth focused Western Australian nickel company St George Mining (ASX: SGQ) has announced that drilling of nickel-copper sulphide targets has commenced at the Mt Alexander Project, located in the north eastern Goldfields. Diamond drilling has commenced on a continuous 24 hour basis with two 12 hour shifts per day. More than 6,000m of drilling is planned with additional targets expected to be added to the programme as results from ongoing EM surveys are reviewed.
Major Drill Programme has commenced:
· Diamond drilling of electromagnetic (EM) conductors is underway with 42 EM conductors prioritised for drilling
· First target is an EM conductor at the Investigators Prospect with modelled conductivity of 82,000 Siemens
· All EM conductors tested in the Cathedrals Belt to date have been confirmed as nickelcopper sulphides
· Quantity and location of the EM conductors supports the potential to significantly increase the volume of high-grade mineralisation at Mt Alexander
EM surveys in progress at the Cathedrals Belt:
· Extensive EM surveys are ongoing at the Cathedrals Belt with potential to locate additional areas of high-grade nickel-copper sulphides
· EM surveys in areas of conductive cover have recorded several anomalous responses, which are being reviewed ahead of being prioritised for drilling
· High-powered EM survey over the northern section of the Cathedrals Belt has been completed with new data being reviewed
· EM survey is being fast-tracked for the Fish Hook Prospect where a very strong nickel and copper soil anomaly has been identified
Diamond drilling has commenced on a continuous 24 hour basis with two 12 hour shifts per day. More than 6,000m of drilling is planned with additional targets expected to be added to the programme as results from ongoing EM surveys are reviewed.
John Prineas, St George Mining’s Executive Chairman said: “With a large number of high priority EM targets to test, this is the most exciting drill programme we have launched at Mt Alexander to date.
“Many of the EM conductors to be drilled represent a large step out from known massive sulphide mineralisation, so there is excellent potential for this programme to significantly extend the footprint of high-grade nickel-copper sulphide mineralisation.
“In addition, ongoing EM surveys are identifying new EM targets in underexplored areas of the Cathedrals Belt – providing further support to the emerging large scale mineral potential at Mt Alexander.”