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St George Mining Ltd.
Summary
| Project: | Mt Alexander | |
|---|---|---|
| Deposit: | Stricklands, Cathedrals | |
| Location: | Australia | |
| Commodities: | Nickel-Copper-Cobalt-PGM-Gold-Silver | |
| Date: | 6/29/2016 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 29-6-2016: St George Mining Ltd. announces an Exploration/Drilling Update report for its Stricklands, Cathedrals deposit at the Mt Alexander project. Drilling results incl. 2.78m @ 1.62% Ni, 2.51% Cu, 0.07% Co, 1.88g/t PGEs, 0.17g/t Au, 8.44g/t Ag. St Geo | |
| 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 first ever drill holes completed at the Stricklands Prospect have confirmed that nickel‐copper sulphides have been discovered at this previously untested target at the Mt Alexander Project in Western Australia. Drill holes MAD20, MAD22 and MAD23 targeted separate EM conductors at the Stricklands Prospect, located 1km west‐southwest of the high grade nickel‐copper sulphide discovery made by BHP Billiton at the Cathedrals Prospect in 2008. Each of the new drill holes at Stricklands intersected high grade nickel‐copper sulphide mineralisation, an excellent result for the first drill programme in a new target area. St George’s discovery of massive nickel‐copper sulphides at Stricklands is considered very important in the evolving exploration model at Mt Alexander and confirms that the high grade mineral system in the Cathedrals Belt is much more extensive than previous drilling had indicated. The discovery of in situ komatiite hosted nickel‐copper sulphide mineralisation also has positive implications for the multiple ultramafic belts to the south of the Cathedrals Belt, at least one of which has never been drill tested with the others remaining under‐explored. Assays have confirmed the following significant intersections (length and density weighted) for drill holes MAD20, MAD22 and MAD23 at Stricklands. Results for drill hole MAD19, the last drill hole completed by St George at the Cathedrals Prospect to test a deep off‐hole DHEM plate, have now been received and the significant intersection is also included. | |
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