St George Mining to Commence MLEM Survey at Mt Alexander

THE DRILL SERGEANT: St George Mining (ASX: SGQ) is about to commence a large moving loop electromagnetic (MLEM) survey at the company’s Mt Alexander project in Western Australia.

St George Mining said the MLEM would be carried out to further explore three priority target areas it has identified from high resolution magnetic data produced by a recently completed airborne magnetic survey.

The company explained the new, detailed data has recognised prominent features in the magnetics at Mt Alexander that have never been explored for ultramafic‐ hosted nickel‐copper‐PGE sulphides.

The new magnetic data has clearly identified the location of the Ida Fault within the Mt Alexander tenements, which St George described as being a Craton‐scale structure that marks the boundary between the Eastern Goldfields Superterrane to the east and the Youanmi Terrane to the west.

The company considers the intersection of the Cathedrals Belt and Ida Fault to be an important geological location that may have acted as a first order regional control on mineralisation within the Mt Alexander tenements.

The intersection of these structures will be covered by the upcoming MLEM survey.

“The new magnetic dataset at Mt Alexander has allowed us to generate new target areas which are prospective for ultramafic‐hosted nickel‐copper‐PGE mineralisation,” St George Mining executive chairman, John Prineas said in the company’s announcement t the Australian Securities Exchange.

“The MLEM survey will be the first exploration ever conducted on most of these targets.

“We are looking forward to the results of the survey, which has the potential to increase the already significant exploration upside at the project.”

St George claimed the new magnetic data confirms the Ida Fault, where it passes through Exploration Licence E29/638, is located approximately one kilometre west of where previously interpreted.

Website: www.stgm.com.au