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St George Mining Ltd.
Summary
| Project: | Mt Alexander | |
|---|---|---|
| Deposit: | Investigator | |
| Location: | Australia | |
| Commodities: | Nickel-Copper | |
| Date: | 7/5/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 5-7-2017: St George Mining Ltd. announces an Exploration/Drilling Update report for its Investigator deposit at the Mt Alexander project. Drilling results incl. 5.3m @ 4.95% Ni, 2.75% Cu, 0.16% Co, 0.25g/t Au, 8.9g/t Ag from 157.9m. St George Mining Limit | |
| 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 laboratory assays received to date for the recently completed drill holes at the Investigators Prospect have confirmed multiple intersections of high grade nickel-copper-cobalt-PGE mineralisation over a broad area. The high powered SAMSON fixed loop EM survey completed earlier this year over the Investigators Prospect identified two large EM anomalies – a total field SAMSON EM anomaly of 350m x 300m in the eastern part of Investigators, and a total field SAMSON EM anomaly of 200m x 175m in the central part of Investigators. A number of EM plates within these SAMSON EM anomalies were tested by the recent diamond drill programme at Mt Alexander. Drilling results now confirm that each of these large SAMSON EM anomalies hosts high grade nickel-copper sulphides. Importantly, there is strong prospectivity for additional massive sulphide mineralisation within these target areas as the mineralisation intersected to date at Investigators does not fully account for the larger conductive areas of the SAMSON EM anomalies. The continuity of the mineralisation will be tested by further drilling within the large EM anomalies. “The latest drilling at Investigators has delivered strong results at this underexplored prospect. “We are particularly excited by the outstanding intersection in MAD60 which represents a new zone of high grade mineralisation in an area that had never been drilled. “It is also very pleasing to see high grades of copper, cobalt and PGEs along with the high grade nickel sulphide. These additional commodities are likely to deliver significant credits in any potential mining operation at Mt Alexander. “We are confident that our systematic work at Investigators will continue to deliver exploration success.” | |
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