St George Mining confirms new nickel discovery at Stricklands

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THE DRILL SERGEANT: St George Mining (ASX: SGQ) has continued its recent run of drilling success at the company’s Mt Alexander project in Western Australia.

St George has received assays for the first ever drill holes completed at the Stricklands prospect at Mt Alexander, which the company claims to have confirmed the discovery of nickel‐copper sulphides at this previously untested target.

Drill holes MAD20, MAD22 and MAD23 targeted separate EM conductors at the Stricklands prospect, which is located one kilometre west‐southwest of the high-grade nickel‐copper sulphide discovery made by BHP Billiton at the Cathedrals prospect in 2008.

St George said that each of the new drill holes at Stricklands intersected high-grade nickel‐copper sulphide mineralisation, stating it to be an excellent result for the first drill program in a new target area.

Nickel‐copper sulphides were intersected at shallow depths 50m below surface with best results including:

MAD20
9.3 metres of weak‐moderate disseminated mineralisation from 44.2m grading into matrix and massive sulphides with 0.93m at 2.5 per cent nickel, 0.68 per cent copper, 0.16 per cent cobalt and 1.1 grams per tonne total PGEs from 53.52m;

MAD22
7.95m of moderate disseminated‐blebby sulphide mineralisation from 41.9m grading into stringer and massive sulphides with 2.78m at 1.62 per cent nickel, 2.51 per cent copper, 0.07 per cent cobalt and 1.88g/t PGEs from 49.85m, including 0.23m at 13.1 per cent copper, 43g/t silver from 52.4m; and

MAD23
3.75m of moderate blebby‐disseminated sulphides from 53.7m grading into matrix sulphides with 1.5m at 1.29 per cent nickel, 0.57 per cent copper, 0.06 per cent cobalt and 1.11g/t total PGEs from 55.55m and massive sulphides with 0.25m at 4.18 per cent nickel, 3.4 per cent copper, 0.18 per cent cobalt and 4.29g/t PGEs from 57.45m

St George said it considers the discovery of massive nickel‐copper sulphides at Stricklands very important in the company’s evolving exploration model at Mt Alexander, adding that it confirms the high-grade mineral system in the Cathedrals Belt is much more extensive than previous drilling had indicated.

“St George’s discovery at Stricklands strongly supports the potential for further high-grade massive nickel‐copper sulphide mineralisation at this under‐explored project,” St George Mining executive chairman John Prineas said in the company’s announcement to the Australian Securities Exchange.

“We are seeing high-grades of nickel and copper in multiple intersections across the project area, which highlights the fertility of the large mineral system at the Cathedrals Belt.

“The sulphides are also high in cobalt and PGEs, further enhancing the potential value of this mineralisation.

“The downhole EM targets at Stricklands are shaping up as very attractive for further massive nickel‐ copper sulphide mineralisation, and will be drilled soon along with the new strong EM conductors at Investigators.

“We are increasingly confident that our upcoming drill program will deliver further exploration success.”

Website: www.stgm.com.au