logo-loader
viewSt George Mining Ltd

St George Mining reveals further extensions with latest assays

A step-out hole extends mineralisation at Investigators and a hole at Stricklands has hit mineralisation down-plunge.

St George Mining Ltd - St George Mining reveals further extensions with latest assays
Further news flow is expected with diamond drilling continuing on a 24/7 schedule

St George Mining Ltd (ASX:SGQ) has received drill results from two significant holes at the Investigators and Stricklands prospects within the Mt Alexander Project, Western Australia.

Hole MAD166 at Investigators, was a 100-metre step-out hole and has notably intersected thick nickel-copper sulphides along strike from known mineralisation.

This significantly increases the strike of high-grade mineralisation at Investigators East, which still remains open in the north-northwest down-dip direction.

Lab assays for MAD166 are pending with preliminary XRF readings showing up to 6.5% nickel and 2.3% copper.

At the Stricklands Prospect, assays for hole MARC128 have been received revealing 5 metres at 2.97% nickel, 1.04% copper and 1.02 g/t PGEs from 83 metres.

MARC128 significantly increases the down-plunge strike of mineralisation at Stricklands with mineralisation open in the north-northwest down-dip direction.

Supports potential for larger deposits at depth

St George’s executive chairman John Prineas said: “Step-out drilling continues to deliver excellent results across our Mt Alexander Project with more hits of high-grade mineralisation both down-plunge and along strike of the known shallow nickel-sulphide deposits.

“The down-plunge extensions are all pointing in the same north-northwest direction, giving weight to the geological model that there may be a larger, intrusive-style nickel sulphide deposit at depth.

News flow expected with 24/7 drilling

“Field activities continue in full swing with diamond drilling 24/7, downhole EM surveys underway and further surface EM surveys about to resume.

“A second drill rig is also scheduled to arrive soon.

“We will continue to test the down-plunge extensions at Investigators and Stricklands and are also excited to be escalating drilling at the new targets at Radar, Bullets and Fish Hook.”

The Mt Alexander Project is made up of five granted exploration licences which host a number of key prospects along the 16-kilometre strike of the Cathedrals Belt.

Historical exploration has focused on the Investigators, Stricklands, and Cathedrals prospects however there are a number of emerging underexplored prospects.

Two holes have recently been completed at the Radar Prospect and data from down-hole electromagnetic (DHEM) surveys is now being analysed.

A DHEM survey is also planned to be completed on a recently drilled hole at the Bullets Prospect.

Quick facts: St George Mining Ltd

Price: 0.15 AUD

ASX:SGQ
Market: ASX
Market Cap: $61.89 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of St George Mining Ltd named herein, including the promotion by the Company of St George Mining Ltd in any Content on the Site, the Company...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Moho Resources gains exposure to St George Mining and its high-grade...

Moho Resources (ASX:MOH) commercial director Ralph Winter updates Proactive Investors on the company's $500,000 investment in St George Mining Limited (ASX:SGQ). St George’s focus is on exploring the Mt Alexander nickel-copper sulphide project in WA. Winter said participating in St...

on 24/7/19

3 min read