Nickel specialist St George Mining Limited (ASX: SGQ) reports that laboratory assays have confirmed the significant high grade nickel-copper-cobalt-PGE mineralisation intersected in MAD71 at the Stricklands Prospect within the company’s Mt Alexander project in Western Australia.
St George Mining Executive Chairman, John Prineas, said the 17.45m thick intersection of nickel-copper-cobalt-PGE mineralisation is the best intersection to date at the Mt Alexander Project and confirms this prospect area as a priority for further exploration.
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Drilling continues at the Stricklands Prospect where nine drill holes have been completed in the current programme, with seven drill holes having intersected nickel-copper sulphide mineralisation. These results extend the mineralised ultramafic at Stricklands east and north-west of MAD71, with further areas of the strong SAMSON EM anomaly yet to be drill tested.
We are very pleased to receive the laboratory assays for MAD71 which confirm this as an outstanding intersection of high grade nickel-copper sulphides,” Mr Prineas said.
“The assays have also confirmed strong values for cobalt and PGEs, consistent with other high grade mineralisation intersected at the Mt Alexander Project.
“Drilling continues to confirm extensions to the mineralised ultramafic at Stricklands and we are confident of intersecting further high grade nickel-copper sulphides.”
Mr Prineas said the company has recently completed two drill holes to the north-west of hole MAD71 – MAD80 and MAD81.
Both have intersected the target ultramafic, with MAD81 intersecting a total of 1.65m of massive and matrix nickel-copper sulphides within a broader interval of over 11m of sulphide mineralisation.
One drill hole was also completed to the east of MAD71 – as part of a new eastern drill line – and has intersected a thick 26.5m ultramafic with disseminated nickel-copper sulphides.
Mr Prineas said the detailed magnetic data suggests the flat lying mineralised ultramafic may extend to the eastern area of Stricklands where previous drill holes have intersected massive nickel-copper sulphides. Further infill drilling will be completed to test this.
