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St George Mining Ltd.
Summary
| Project: | Mt Alexander | |
|---|---|---|
| Deposit: | Investigators, Cathedrals | |
| Location: | Australia | |
| Commodities: | Nickel-Copper-Cobalt-PGM | |
| Date: | 10/12/2016 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 12-10-2016: St George Mining Ltd. announces an Exploration/Drilling Update report for its Investigators, Cathedrals deposit at the Mt Alexander project. Drilling results incl. 2.06m @ 6.35% Ni, 3.20% Cu, 0.21% Co, 4.08g/t PGEs from 64.19m. St George Minin | |
| 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 for the maiden drill programme at the Investigators Prospect have confirmed multiple intersections of high grade nickel‐copper sulphide mineralisation. Investigators is located in the western section of the Cathedrals Belt (see Figure 1) at the Mt Alexander Project in Western Australia. The discovery of high grade mineralisation at Investigators has extended the strike length of recurrent mineralisation in the Cathedrals Belt to 3.5km. Assay results have been received for six drill holes completed at Investigators with assays pending for another two drill holes. The assay results confirm that drilling has intersected thick units of mineralised ultramafics with numerous intervals of high grade nickel‐copper‐PGE sulphides; see Table 1. Geological interpretation and modelling of the Investigators Prospect is currently being completed. In addition to high grades of nickel and copper, the mineralisation also includes high values for cobalt and PGEs. Significantly, the mineralisation is located at shallow depths between 25m to 125m below surface. The combination of shallow depth and high grades of nickel, copper and PGEs is likely to be very favourable for the economics of any potential mining operation at the Mt Alexander Project. “Investigators was completely unexplored at the start of the year. In a short space of time, we have confirmed the presence of an extensive shallow nickel‐copper system with high grades that compare very favourably with established nickel mines in Western Australia. “With only a handful of drill holes completed at Investigators so far, there is strong exploration upside to extend and discover further mineralisation.” | |
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