Nickel specialist St George Mining Limited (ASX: SGQ) has reported that the latest drill hole has returned promising results at its flagship Mt Alexander Project in the north-eastern Goldfields of Western Australia.
Testing an EM conductor at the Stricklands Prospect the hole intersected a 14m thick zone of nickel-copper sulphides down-plunge at the Stricklands Prospect from 78m downhole.
The hole (MARC128) was completed by RC drilling to a downhole depth of 166m and intersected nickel-copper sulphide mineralisation between 78m and 92m downhole including intervals of massive and semi-massive nickel-copper sulphides.
St George Mining’s Executive Chairman, John Prineas, said the mineralised ultramafic unit at Stricklands is interpreted from drilling to dip towards the north-west with potential for additional sulphide mineralisation at depth.
“The mineralised intersection in MARC128 is outstanding as it confirms a significant down-plunge extension of the thick, high-grade mineralisation we first saw at Stricklands in MAD71.
“The thickness of the cumulative ultramafic and the volume of nickel-copper sulphides intersected at Stricklands by multiple drill holes supports the potential of additional significant mineralisation being intersected along this strike of the Cathedrals mineralised trend.
“The down-plunge area is largely untested by drilling and we are increasingly confident that further discoveries of nickel-copper sulphides will be made in this area.”
Mr Prineas said a DHEM survey will be completed in MARC128 to identify extensions of mineralisation around the hole and to plan follow-up drilling.
St George is using DHEM surveys concurrently with drilling continues to deliver successful results with several new EM conductors identified by ongoing DHEM surveys.
