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St George Mining Ltd.
Summary
| Project: | Mt Alexander | |
|---|---|---|
| Deposit: | Cathedrals Belt | |
| Location: | Australia | |
| Commodities: | Nickel-Copper | |
| Date: | 8/8/2016 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 8-8-2016: St George Mining Ltd. announces an Exploration/Drilling Update report for its Cathedrals Belt deposit at the Mt Alexander project. XRF analysis shows 1.02m of massive sulphides with spot XRF readings averaging 8% Ni, 2% Cu. St George Mining Limi | |
| 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 that further massive nickel‐copper sulphides have been discovered in the diamond drill programme at the Mt Alexander Project in Western Australia. Drill holes MAD33 and MAD34 have been completed 1.2km apart at the Investigators Prospect. Each drill hole has tested a separate EM conductor and both have intersected massive nickel‐copper sulphides. MAD34 has tested a target in the western section of the Cathedrals Belt, in an area that has never previously been drilled. It is located 800m further west from MAD31 where massive nickel‐copper sulphides were first discovered at Investigators. The intersection of a thick ultramafic unit with massive sulphides in MAD34 has significantly extended the prospective footprint in the Cathedrals Belt. St George Mining Executive Chairman, John Prineas said: “The outstanding success rate for drill testing EM conductors in prospective ultramafics in the Cathedrals Belt is continuing. “The intersection of a mineralised ultramafic in the far west of the Cathedrals Belt is another major exploration milestone. “This has substantially increased the extent of massive nickel‐copper sulphides in the Belt and identified a new target area that is prospective for further discoveries.” | |
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