St George intersects more massive nickel-copper sulphides

/in /by

THE DRILL SERGEANT: St George Mining (ASX: SGQ) has encountered further massive nickel‐copper sulphides at the Stricklands prospect, within the company’s Mt Alexander project in Western Australia.

St George completed two drill holes at Stricklands to test two separate, strong off‐hole conductors identified by a DHEM survey in drill hole MAD22, which was drilled in May 2016 and intersected nickel‐copper sulphide mineralisation.

According to St George, both new drill holes have intersected high intervals of massive nickel‐copper sulphides where it was predicted it would by the modelled EM conductors.

MAD26 was completed to a downhole depth of 105.1 metres and intersected approximately 4m of massive nickel‐copper sulphide mineralisation from 53.9m to 57.9m, comprising:

1.3m of brecciated massive sulphides from 53.9m to 55.2m, with spot XRF readings ranging 3 per cent nickel to 7 per cent nickel (average 4.5%Ni) and 0.7 per cent copper to 1.4 per cent copper (average 1%Cu); and

2.7m of massive sulphides from 55.2m to 57.9m, with spot XRF readings ranging 2.7 per cent nickel to 16.6 per cent nickel (average 7.5%Ni) and 0.7 per cent copper to 8.1 per cent copper (average 2.3%Cu).

 MAD27 was completed to a downhole depth of 148m and intersected approximately 2m of massive nickel‐ copper sulphide mineralisation from 71.25 to 73.25m with spot XRF readings ranging 2 per cent nickel to 7.9 per cent nickel (average 4.2%Ni) and 1.2 per cent copper to 6.9 per cent copper (average 2.2%Cu).

Above the massive sulphide is approximately 10m of ultramafic with intermittent disseminated and stringer sulphide mineralisation.

“Our continued exploration success in the Cathedrals Belt confirms that this is a highly mineralised belt with strong prospectivity for additional nickel‐copper sulphide discoveries,” St George Mining executive chairman John Prineas said in the company’s announcement to the Australian Securities Exchange.

“The results at Stricklands appear to be the best intersections to date outside Cathedrals and are very promising for the economic potential of the area.

“The effectiveness of our combined EM and geological targeting in the Cathedrals Belt makes the strong conductors at Investigators very compelling targets, and we are excited to be commencing the first ever drilling at Investigators today.”

Website: www.stgm.com.au