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St George Mining Ltd.
Summary
| Project: | Mt Alexander | |
|---|---|---|
| Deposit: | Investigators | |
| Location: | Australia | |
| Commodities: | Nickel-Copper-Cobalt-PGM-Gold-Silver | |
| Date: | 10/19/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 19-10-2018: St George Mining Ltd. announces an Exploration/Drilling Update report for its Investigators deposit at the Mt Alexander project. Drilling results incl. 3.55m @ 4.76% Ni, 2.27% Cu, 0.20% Co, 2.94g/t PGE from 116m. Emerging Western Australian ni | |
| 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 provide an update on significant exploration results at the Mt Alexander Project, located near Leonora in the north-eastern Goldfields. The mineralised ultramafic at the Investigators Prospect has an east-west strike of 1.5km and dips to the north at an angle of about 30 degrees. Our geological model supports the potential for continuity of highgrade mineralisation at depth in the northerly down dip direction. Current exploration at Investigators is successfully testing this model, providing confidence that the large mineral system continues at depth with potential for significant increases to the known high-grade mineralisation. John Prineas, St George Mining’s Executive Chairman, said: “Our methodical exploration strategy at Investigators, using drilling and DHEM surveys concurrently to identify potential extensions of massive nickel-copper sulphides, is delivering excellent results. “The DHEM surveys at Investigators have been successful in identifying further conductors down plunge from known high-grade mineralisation. This is a textbook fit to our geological model, which envisages potential for additional significant nickel-copper sulphides at depth in the down dip direction. “The results of the DHEM survey in MAD119 are particularly exciting with potential for the new conductor to extend the plunge of mineralisation on the MAD60 Line to a very significant 380m. “The east-west strike of mineralisation at Investigators is more than 1.5km, suggesting that any extension of mineralisation to the north will substantially increase the volume of high-grade mineralisation at Investigators.” Figure 1 below is a plan view map of the Investigators Prospect set against SAMSON EM data. The three lines where recent drilling has been focused are highlighted, and illustrate the extensions of nickel-copper sulphide mineralisation to the north. | |
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