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St George Mining Ltd.
Summary
| Project: | Mt Alexander | |
|---|---|---|
| Deposit: | Investigators | |
| Location: | Australia | |
| Commodities: | Nickel-Copper-Cobalt-PGM-Gold-Silver | |
| Date: | 9/18/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 18-9-2018: St George Mining Ltd. announces an Exploration/Drilling Update report for its Investigators deposit at the Mt Alexander project. Drilling results incl. 8.4m @ 2% Ni, 0.96% Cu, 0.06% Co, 2.59g/t PGE from 199m. Emerging Western Australian nickel | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Benjamin Pollard (Cadre Geology and Mining Pty Ltd.) | |
| ABSTRACT: | Emerging Western Australian nickel company St George Mining Limited (ASX: SGQ) (“St George” or “the Company”) is pleased to announce further strong exploration results from the drill programme underway at the Mt Alexander Project, located near Leonora in the north-eastern Goldfields. MAD108 was the first drill hole to be completed in the current drill programme, and tested conductor MAD98:X1 which was modelled with a very strong conductivity/thickness of 67,000 Siemens. Modelling by Newexco also indicated that the conductor would be intersected at 205m downhole. MAD108 successfully intersected massive sulphides as predicted in the modelling with assays returning. John Prineas, St George Mining’s Executive Chairman, said: “Our geological model of Investigators indicates that the mineralised ultramafic unit dips to the north at an angle of 30 degrees with potential for additional and thicker mineralisation in the down dip direction. “This has been confirmed by the results from MAD108, which was a 110m step-out from the high-grade intersection of MAD60. With high-grade mineralisation starting from just 25 to 30 metres from surface, this is a significant increase to the footprint of mineralisation at Investigators.” | |
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