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St George Mining Ltd.
Summary
| Project: | Mt Alexander | |
|---|---|---|
| Deposit: | Cathedrals | |
| Location: | Australia | |
| Commodities: | Nickel-Copper | |
| Date: | 7/19/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 19-7-2017: St George Mining Ltd. announces an Exploration/Drilling Update report for its Cathedrals deposit at the Mt Alexander project. Drilling results incl. 7.5m @ 3.9% Ni, 1.74% Cu, 0.12% Co, 0.2g/t Au, 4.0g/t Ag from 57.8m. St George Mining Limited ( | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Matthew McCarthy (Internal) | |
| ABSTRACT: | St George Mining Limited (ASX: SGQ) (‘St George Mining’ or ‘the Company’) is pleased to announce assay results for the latest drilling at the Cathedrals Prospect – which includes some of the best intersections of nickel-copper-cobalt-PGE mineralisation to date at the Mt Alexander Project. Seven diamond drill holes were completed at the Cathedrals Prospect as part of the recent drill programme at Mt Alexander with all successfully intersecting mineralised ultramafic. The Cathedrals ultramafic is interpreted from drill results to extend for a strike length of 400m with high grade mineralisation identified to date over a strike length of 200m. Drilling has focused mainly on testing discrete EM plates, with most plates tested by only one drill hole. Accordingly, there is potential for further drilling to increase the extent and continuity of the high grade mineralisation. A number of drill holes at Cathedrals have intersected remobilised massive sulphides in the footwall fault. These sulphides may have been remobilised from the Cathedrals ultramafic above. Further exploration of the footwall fault is warranted to test for additional mineralisation. St George Mining Executive Chairman, John Prineas said: “The drilling results for Cathedrals are exceptional. We are seeing thick intervals of high grade nickel sulphides complemented by high grades of copper, cobalt and platinum group metals – and the mineralisation starts at just 30m below surface. | |
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