Proactive Investors - Run By Investors For Investors

St George Mining’s drilling extends high-grade sulphide zone at Stricklands Prospect

The company's shares are trading 12.5% higher intra-day, at 14 cents.
drill rig
A follow-up drill program is now being designed

St George Mining Ltd (ASX:SGQ) is continuing to extend the high-grade sulphide mineralisation along a +400 metres strike of the Stricklands Prospect at the Mt Alexander Project in Western Australia.

The high-grade nickel-copper-cobalt sulphide mineralisation at Stricklands commences from a shallow depth of about 40 metres and is open to the west, north and east.

READ: St George Mining drilling reveals more nickel-copper sulphides

Highlight intersections from the recent drilling include:

• 9.75 metres at 3.46% nickel, 1.76% copper, 0.16% cobalt and 2.26 g/t total PGEs (platinum group elements) from 43.8 metres; and
• 3.16 metres at 3.41% nickel, 1.21% copper, 0.15% cobalt and 3.3 g/t total PGEs from 66.18 metres.

There is also potential for additional mineralisation at depth with most drill holes completed within 120 metres of surface.

Sizable extension to the mineralised ultramafic

St George executive chairman John Prineas said: “We are very pleased to see laboratory assays confirming the thick intersections of high-grade nickel-copper sulphides at Stricklands from the recently completed drill program.

“The last round of drilling at Stricklands has identified a sizable extension to the mineralised ultramafic, with new high-grade intersections in the west, north and east of the prospect area.”

Follow-up drill program planned

Assays are pending for further drill holes recently completed at Mt Alexander which intersected massive nickel-copper sulphides.

Prineas added “The most exciting aspect is that there is potential for further extensions of the mineralisation with large areas of Stricklands remaining untested.

“A follow-up drill program is now being designed.”

View full SGQ profile View Profile

St George Mining Ltd Timeline

Related Articles

Underground mining in action
January 18 2019
The company has exploration upside both at its copper operations and at its Torrens Project.
Mining picture
Thu
The flagship project is the Lac Guéret Extensions graphite property in Manicouagan County, Quebec
wedding rings
July 04 2019
Alba holds 11.765% of the Horse Hill project near Gatwick Airport in the UK’s Weald basin

© Proactive Investors 2019

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use