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St George Mining Ltd.
Summary
| Project: | Mt Alexander | |
|---|---|---|
| Deposit: | Mt Alexander | |
| Location: | Australia | |
| Commodities: | Nickel-Copper-Cobalt-Platinum-Palladium-Gold-Silver | |
| Date: | 6/13/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 13-6-2019: St George Mining Ltd. announces an Exploration/Drilling Update report for its Mt Alexander deposit at the Mt Alexander project. Drilling results incl. 10m @ 2.47% Ni, 1.06% Cu, 0.07% Co, 2.52g/t PGM, 0.21g/t Au from 142m. Emerging Western Austr | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Dave O'Neill (Internal) | |
| ABSTRACT: | Emerging Western Australian nickel company St George Mining Limited (ASX: SGQ) (“St George” or “the Company”) is pleased to announce that laboratory assays for Phase 1 of the 2019 drill programme at the Company’s Mt Alexander Project have confirmed further thick intercepts of high-grade nickel-coppercobalt-PGE sulphide mineralisation. Assays indicated that a number of drill holes had intersected nickel-copper sulphide mineralisation (see Table 1 for full results) with the best intersections being at the Investigators Prospect. MARC118 was drilled along the north-south MAD60 Line at Investigators, where high-grade nickel-copper sulphide mineralisation had already been intersected from very shallow depths of 25m below surface and extending down-plunge for a length of more than 380m. The 10m thick high-grade intercept in MARC118 significantly extends the continuity of mineralisation on the north-south trending MAD60 Line. High-grade mineralisation was also intersected in MARC109, which was drilled approximately 200m to the west-northwest of MARC118. The mineralised ultramafic at Investigators is interpreted from drilling to dip at 30 degrees to the northnorthwest. This suggests that the northern section of Investigators is a favourable conceptual location for the discovery of further nickel-copper sulphides either at depth in the northerly down-dip direction or through the repetition of the mineralised ultramafic in the north. Significantly, two conductive anomalies are located to the north of the known high-grade mineralisation at Investigators. The drilling of these newly identified anomalies will represent a major step-out from the known mineralisation at Investigators and could substantially increase the footprint of high-grade mineralisation. | |
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