Western Australian nickel specialist St George Mining Limited (ASX: SGQ) continues to report positive results from its exploration programmes at the Mt Alexander Project in the north-eastern Goldfields of WA.
The company’s Executive Chairman, John Prineas, said recent work has generated additional strong targets for the discovery of more nickel-copper sulphides at Mt Alexander.
Laboratory assays have been received for the comprehensive soil survey completed at the Fish Hook Prospect which identified a large geochemical anomaly, coincident in nickel, copper and chromium, that forms in an east-west trend and is consistent with the interpreted surface position of the southern ultramafic unit at Fish Hook.
Mr Prineas said, importantly, this unit is interpreted to be located along the eastern extension of the mineralised trend that hosts the currently known nickel-copper sulphide deposits of the Cathedrals Belt.
He added that the nickel anomaly is also coincident with linear magnetic features observed in the magnetic surveys for the Fish Hook area and which are interpreted to represent ultramafic stratigraphy.
A MLEM survey will now be completed over the prospective areas of the Fish Hook Prospect to search for any conductors that may represent nickel-copper sulphides.
This survey will also be completed at a number of other unexplored or underexplored areas of the Cathedrals Belt, where there is potential for new EM targets to be identified.
Our systematic exploration programmes continue to successfully scope out the scale of the large mineral system at the Cathedrals Belt,” Mr Prineas said.
“The soil survey results at Fish Hook are very encouraging because they have identified a new anomalous trend 5km east of the known nickel-copper mineralisation at the Cathedrals Belt. This is an area that we believe is prospective for a greenfields discovery.
“We are also pleased to be rolling out a new moving loop EM survey at Fish Hook and other unexplored areas of the Cathedrals Belt where there is strong potential to generate more EM targets for drill testing.
“The seismic survey is another exciting initiative with the potential to deliver an exploration breakthrough that could assist us to better understand the controls and distribution of the high-grade mineralisation along the Belt,” he said.
