St George extends Mt Alexander nickel-copper Belt

THE DRILL SERGEANT: St George Mining (ASX: SGQ) released news that it has hit further massive nickel‐copper sulphides during the ongoing diamond drill program, underway at the company’s Mt Alexander project in Western Australia.

The company said it drill holes MAD33 and MAD34 have been completed at a distance 1.2 kilometrs apart at the Investigators prospect with each hole testing separate EM conductors.

According to St George both holes intersected massive nickel‐copper sulphides.

MAD33 was completed to a downhole depth of 129.7 metres to test an off‐hole DHEM conductor previously identified by drill hole MAD24.

St George explained that MAD33 intersected approximately 13.5m of ultramafic from 83m, with disseminated sulphides and then massive nickel‐copper sulphides of:

12.5m, from 83m to 95.5m, of ultramafic with some weak‐moderate disseminated sulphides;

0.98m, from 95.5m to 96.48m, of strong disseminated and stringer sulphides with XRF readings of 1 per cent nickel; and

1.02m, from 96.48m to 97.5m, of massive sulphides with spot XRF readings averaging 8 per cent nickel and 2 per cent copper.

MAD34 tested Anomaly 5 at Investigators and was drilled to a downhole depth of 152.5m.

St George said the drill hole intersected approximately 18m of ultramafic from 80m, with disseminated and blebby sulphides and then massive nickel‐copper sulphides, including:

14m of ultramafic, from 80m to 94m, with moderate disseminated and stringer vein sulphides increasing from 90m;

4.7m, from 94m to 98.7m, of strong disseminated and blebby sulphides with XRF readings from 0.4 to 1.5 per cent nickel; and

0.17m, from 98.7m to 98.87m, of massive sulphides with spot XRF readings averaging 7.1 per cent nickel and 1.5 per cent copper.

“The outstanding success rate for drill testing EM conductors in prospective ultramafics in the Cathedrals Belt is continuing,” St George Mining executive chairman John Prineas said in the company’s announcement to the Australian Securities Exchange.

“The intersection of a mineralised ultramafic in the far west of the Cathedrals Belt is another major exploration milestone.

“This has substantially increased the extent of massive nickel‐copper sulphides in the Belt and identified a new target area that is prospective for further discoveries.”