St George Mining confirms high-grade nickel at Mt Alexander

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THE DRILL SERGEANT: St George Mining (ASX: SGQ) has received assay results for a recently-completed maiden drill program at the Investigators prospect, located in the western section of the Cathedrals Belt at the company’s Mt Alexander project in Western Australia.

St George Mining claims the results to have confirmed multiple intersections of high-grade nickel‐copper sulphide mineralisation, adding the discovery of high-grade mineralisation at Investigators has extended the strike length of recurrent mineralisation in the Cathedrals Belt to 3.5 kilometres.

Assay results have been received for six drill holes completed at Investigators with assays pending for another two drill holes.

MAD31
Over 5 metres of nickel‐copper sulphide mineralisation, including a high grade interval of:
1.57m at 6.26 per cent nickel, 2.71 per cent copper, 0.18 per cent cobalt and 4.91 grams per tonne total PGEs from 111.67m, including 1.01m at 7.98 per cent nickel, 3.13 per cent copper, 0.22 per cent cobalt and 5.9g/t total PGEs from 112.08m.

MAD32
Over 9m of nickel‐copper sulphide mineralisation, including a high-grade interval of:
1.92m at 4.58 per cent nickel, 1.52 per cent copper, 0.14 per cent cobalt and 3.83g/t total PGEs from 51.6m, including 0.77m at 7.82 per cent nickel, 2.5 per cent copper, 0.24 per cent cobalt and 6.31g/t total PGEs from 52.75m.

MAD33
Over 10m of nickel‐copper sulphide mineralisation, including a high-grade interval of:
1.01m at 5.81 per cent nickel, 2.33 per cent copper, 0.22 per cent cobalt and 4.32g/t total PGEs from 96.48m

MAD34
Over 4.5m of nickel‐copper sulphide mineralisation, including a high-grade interval of:
2.79m at 1.63 per cent nickel, 0.53 per cent copper, 0.05 per cent cobalt and 1.24g/t total PGEs from 96.1m, including 0.19m at 7.34 per cent nickel, 1.53 per cent copper, 0.22 per cent cobalt and 3.27g/t total PGEs from 98.7m

MAD37
Over 13.5m of nickel‐copper sulphide mineralisation, including a high-grade interval of:
1.27m at 5.63 per cent nickel, 2.16 per cent copper, 0.17 per cent cobalt and 3.86g/t total PGEs from 122m, including 0.72m at 7.93 per cent nickel, 2.75 per cent copper, 0.23 per cent cobalt and 4.81g/t total PGEs from 122.6m

MAD38
Over 2.5m of nickel‐copper sulphide mineralisation, including a high-grade interval of:
0.1m at 12.8 per cent nickel, 5.54 per cent copper, 0.25 per cent cobalt and 11.52g/t total PGEs from 26.3m;and
0.54m at 8.59 per cent nickel, 3.43 per cent copper, 0.24 per cent cobalt and 6.73g/t total PGEs from 27.6m.

St George considers the assay results confirm drilling intersected thick units of mineralised ultramafics with numerous intervals of high-grade nickel‐copper‐PGE sulphides.

The company is completing geological interpretation and modelling of the Investigators prospect.

“Investigators was completely unexplored at the start of the year,” St George Mining executive chairman John Prineas said in the company’s announcement to the Australian Securities Exchange.

“In a short space of time, we have confirmed the presence of an extensive shallow nickel‐copper system with high grades that compare very favourably with established nickel mines in Western Australia.

“With only a handful of drill holes completed at Investigators so far, there is strong exploration upside to extend and discover further mineralisation.”

Website: www.stgm.com.au