St George Mining’s drilling extends high-grade nickel, copper at Mt Alexander
Spot readings averaged 8% nickel and 3% copper at the Cathedrals Prospect.
Company
ASX:SGQ
St George Mining Ltd is focused on developing critical minerals projects in Brazil and Western Australia. In Brazil, the company has entered into a binding agreement to acquire the high-grade niobium-REE Araxa Project in Minas Gerais. In Western Australia, St George is progressing a portfolio of quality exploration and development projects that are focused on critical metals for the clean energy future.
474 stories · page 4 of 5
Spot readings averaged 8% nickel and 3% copper at the Cathedrals Prospect.
The drill program will test three large electromagnetic conductors.
New conductors are proximal to the sulphide mineralisation intersected in previous drilling.
The growth in electric vehicle battery manufacture is forecast to boost nickel demand.
St George has multiple projects in the mineral-rich Yilgarn Craton.
St George is preparing to conduct an electromagnetic survey at the East Laverton Project.
The survey will cover an area comprising 3 kilometres strike length of the Cathedrals Belt.
The record date to determine entitlement is 5pm (WST) on 19th September 2017.
The drill program is testing hydrothermal gold targets.
The company now believes it has the technical expertise to develop a nickel sulphide discovery
Drill results from Cambridge North has confirmed a 3.6 kilometre long mineralised structure.
Exploration results to date at Mt Alexander suggest the conductor could host massive sulphide mineralisation.
The EM conductors continue to reveal high-grade mineralisation and many more conductors are yet to be drill tested.
The East Laverton Project hosts both gold and nickel targets.
Successful drilling results continue to validate the exploration process.
Bell Potter assigns a valuation of $0.26 per share.
A total of 40 drill holes for 2,934 metres have been completed to date.
A number of different electromagnetic surveys have been conducted.
Surveys of the newly drilled hole have found more anomalies, now being drilled.
Drilling results continue to identify new mineralised zones.
An expanded 6,000 metre program drilling for gold has commenced.
Preliminary XRF grades range up to 9% nickel and 4.3% copper.
Preliminary XRF gun nickel-copper grades are some of the best yet.
Drilling for gold and nickel is set to commence this coming weekend.
St George entered the June quarter with $5.7 million cash.
The company is well funded to continue exploration in the June quarter.
Preliminary XRF handgun readings show high-grade nickel and copper.
St George will have extensive news flow over coming months.
St George will commence drilling for gold this month at East Laverton.
St George to commence a major drilling program next week.
The electromagnetic survey will target three priority areas at Mt Alexander.
The company remains highly leveraged to exploration success.
Drilling opens the potential for the discovery of further massive nickel-copper sulphides.
St George has wrapped up its deep search fixed loop electromagnetic SAMSON survey.
St George is now valued at circa $34 million, compared to $10 million a year ago.
John Prineas, executive chairman, commented: “Our field work is continuing to deliver exciting results."
St George is now worth circa $40 million following recent exploration success.
John Prineas, executive chairman, said the results are exactly what the company were hoping for.
St George Mining Ltd (ASX:SGQ) has commenced the first ever deep search electromagnetic survey at the Mt Alexander project within the Cathedrals Belt of Western Australia.
St George Mining Ltd (ASX:SGQ) has received a Speculative Buy from Perth broker Argonaut. The following is an extract from the report.
John Prineas, executive chairman, commented: “Our successful exploration at the Cathedrals Belt has confirmed an extensive, high grade nickel-copper system at Mt Alexander."
Preliminary metallurgical testwork on a sample of massive nickel-copper sulphide indicates that Mt Alexander will produce a high value saleable concentrate.
With only a small amount of drill holes completed at Investigators, there is strong exploration upside to extend and discover further mineralisation at the prospect.
St George has confirmed significant intervals of high grade nickel-copper sulphide mineralisation from diamond drilling at the Stricklands Prospect.
Preliminary XRF readings on drill core to date continues to unveil the exploration potential that the Mt Alexander Project possesses.
St George has wrapped up an initial 1580 metre reverse circulation drilling program at the Bristol gold target. Deeper drilling will be considered subject to assay results.
The placement included circa 43.2 million shares at $0.15 with one for five free attaching option exercisable at $0.20 on or before 30 June 2017.
The company raised A$6.47 million from sophisticated and institutional investors to accelerate exploration at the Mt Alexander high grade nickel-copper sulphide project.
The latest drilling at Mt Alexander has confirmed favourable geology for massive nickel-copper sulphide mineralisation.
The successful drilling at Cathedrals and Stricklands has significantly increased the nickel-copper sulphide system at Mt Alexander. This could be substantially expanded by the imminent drilling at the Investigators Prospect.
Nine of the ten targets to be drilled are located within the Cathedrals Belt, where every EM conductor drilled to date has been demonstrated to be nickel-copper sulphide mineralisation.
St George’s discovery of massive nickel-copper sulphides at Stricklands is important in the evolving exploration model at Mt Alexander. It also confirms that the high grade mineral system in the Cathedrals Belt is much more extensive
Investigators is located in the Cathedrals fault zone, and directly along strike from the Stricklands and Cathedrals Prospects where high grade nickel-copper sulphide mineralisation has already been discovered.
Highlights include: 1.17 metres at 8.75% nickel, 3.37% copper, 0.24% cobalt and 6.16g/t total PGEs from 30.17 metres. More assays are pending, which will be followed by a new drilling program.
Assay results will provide a conclusive determination on the relationship between the favourable alteration encountered and the possible gold content.
Drilling at Mt Alexander is scheduled to re-commence in the last week of June 2016, while drilling of gold targets at East Laverton has been brought forward and will commence next week.
The discovery of massive nickel-copper sulphides in the first ever drill program at Stricklands illustrates the strong potential that exists for additional new discoveries at Mt Alexander.
St George continues to deliver outstanding exploration results with another two EM conductors confirmed as nickel‐copper sulphide mineralisation. Shares in the company have almost tripled over the past month.
The nickel values of the massive sulphide range from 6.7% nickel to 10.9% nickel and average 8.9% nickel. Shares are expected to trade higher at the open of trade.
The untested EM conductors being drilled by St George have similar geophysical responses to the three EM conductors drilled in 2008 by BHP Billiton Nickel West, all of which intersected high grade nickel-copper sulphide mineralisation.
St George has received over $1.3 million in SPP applications to date, which is over 500% of the target of $255,000. Drilling will commence shortly at the Mt Alexander and East Laverton Projects, providing strong near-term exploration news f
John Prineas, executive chairman, commented: “The results of the Technical Review are very favourable and, with drilling to start very soon, provide further reassurance that the EM conductors to be tested will result in exploration su
The significant widths of anomalous mineralisation and alteration in OXFRC003 represent a signature typically encountered on the periphery of a large gold system. The first ever drilling at Ascalon will commence in a few weeks.
BHP Billiton Nickel West drilled three EM conductors at Cathedrals in 2008 and all three were confirmed as high grade nickel-copper sulphide mineralisation. Results from St George's exploration program will be highly anticipated.
John Prineas, executive chairman, commented: “We are very pleased to welcome Mr Terry Streeter, who has an outstanding record of success in the WA nickel sector, as a major shareholder in St George."
St George’s technical team, in conjunction with geophysical consultants Newexco, have commenced a comprehensive review. Further massive sulphide targets have been revealed. Drilling will begin in April 2016.
John Prineas, executive chairman, said: “Further DHEM modelling at the Windsor target is very promising and supports the potential for massive nickel sulphide mineralisation."
St George is gearing up for a drilling program in the Yilgarn Craton of Western Australia, which is world class and boasts an endowment of over 300 million ounces of gold.
High grade nickel-copper sulphides were discovered at Mt Alexander in 2008 from drilling at the Cathedrals Prospect. Follow-up drilling at intersected massive, matrix and disseminated sulphides.
St George Mining has offered investors more opportunity to benefit from newsflow around its highly prospective East Laverton base and precious metal project in Western Australia as a new drilling campaign at the site gets underway.
The Australian All Ordinaries was down today on weak overnight leads and choppy commodity pricing. This nickel and gold developer, however, managed to cut through the gloom.
John Prineas, EC, said: “In October, we acquired 100% of the Hawaii and Mt Alexander North Projects from BHP Billiton. Today we have the final piece in the puzzle – the core Mt Alexander tenement with its high-grade nickel-coppe
St George will fast-track drilling at the Windsor prospect after identifying the strongest conductor to date. A downhole EM survey recorded an off-hole conductor with an extremely high conductivity of 210,000 Siemens.
St George’s East Laverton is situated in a highly prospective area which hosts the Tropicana 8Moz and Gruyere 5Moz gold deposits. The company will now undertake a major gold-focused drilling early in 2016.
St George's hi-impact drilling program is continuing at speed, which will deliver strong news flow from several prospects over the next couple of months. Drilling has now commenced at Desert Dragon Central.