Western Australian nickel focused company St George Mining Limited (ASX: SGQ) reports that drilling has established further significant extensions of high- grade mineralisation at its flagship Mt Alexander Project in the north-eastern Goldfields of WA.
St George Mining’s Executive Chairman, John Prineas, said step-out drilling continues to deliver excellent results across the Mt Alexander Project with more hits of high-grade mineralisation both down-plunge and along strike of the known shallow nickel-sulphide deposits.
“The down-plunge extensions are all pointing in the same north-northwest direction, giving weight to the geological model that there may be a larger, intrusive-style nickel sulphide deposit at depth,” Mr Prineas said.
“Field activities continue in full swing with diamond drilling 24/7, downhole EM surveys underway and further surface EM surveys about to resume. A second drill rig is also scheduled to arrive soon.
We will continue to test the down-plunge extensions at Investigators and Stricklands and are also excited to be escalating drilling at the new targets at Radar, Bullets and Fish Hook.”
Mr Prineas said deeper drilling in the north has now confirmed extensions to the down-plunge strike of high-grade mineralisation, which remains open towards the north-northwest and at depth with potential for further drilling to discover additional high-grade mineralisation.
A DHEM survey will be completed in the new hole to search for potential mineralisation around the hole.