Further drilling has been completed at the Investigators and Stricklands Prospects within the 4.5 kilometres stretch of the Cathedrals Belt where high-grade nickel-copper sulphide discoveries have been made by St George.
All five drill holes completed since the company’s previous exploration update have intersected massive sulphide mineralisation or prospective ultramafics, confirming extensions to the known zones of mineralisation.
Assays received for MAD126 and MAD127 at the Investigators Prospect
Interestingly, over 80% of the PGEs (platinum group of metals) are palladium which is currently trading at an all-time high market price.
DHEM (downhole electromagnetic) surveys on recently completed drill holes are continuing, with interim results indicating strong off-hole conductors for follow-up drill testing.
St George executive chairman John Prineas said: “The latest drilling has continued to expand the envelope of nickel-copper sulphide mineralisation within the Cathedrals Belt.
“New zones of mineralisation have been identified in the northerly down-dip direction at both Investigators and Stricklands.
“Infill and extensional drilling along the east-west strike of the mineralised corridor has also identified further sulphide mineralisation, increasing the potential scale of the discoveries and giving confidence that ongoing drilling could identify additional nickel-copper massive sulphides.
“The DHEM surveys are providing outstanding new drill targets.
“With an enviable 100% success record of testing EM conductors in the Cathedrals Belt, we believe these new targets are associated with massive sulphide mineralisation and look forward to drill testing in early 2019.”