St George Mining confirms nickel-copper mineralisation at Stricklands

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THE DRILL SERGEANT: St George Mining (ASX: SGQ) received assay results for two diamond drill holes recently completed at the Stricklands prospect, within the company’s Mt Alexander project in Western Australia.

The company indicated remaining assays for the recently completed drilling at the Mt Alexander project, including the drill holes that intersected massive nickel‐copper sulphides at the Investigators prospect, are due shortly.

St George said assay results for drill holes MAD26 and MAD27 at the Stricklands prospect confirmed intersections of shallow massive nickel‐copper sulphide mineralisation

MAD26
4.3 metres at 4.26 per cent nickel, 2.02 per cent copper, 0.19 per cent cobalt and 3.21 grams per tonne total PGEs from 53.9m;

MAD27
2m at 4.17 per cent nickel, 3.11 per cent copper, 0.21 per cent cobalt and 3.35g/t total PGEs from 71.25m.

Massive nickel‐copper sulphides in MAD27 displayed a thick halo of disseminated, stringer and blebby sulphide mineralisation:

MAD27
11.15m at 0.52 per cent nickel, 0.63 per cent copper, 0.03 per cent cobalt and 1.69g/t total PGEs from 60.1m.

St George explained that the drill holes MAD26 and MAD27 were completed at Stricklands in July 2016 to test two separate, strong off‐ hole conductors located approximately 60m apart.

Both drill holes intersected massive nickel‐copper sulphides where predicted by the company’s EM and geological modelling.

“These assays confirm that the latest drilling has delivered the best intersections to date at the Stricklands prospect,” St George Mining executive chairman John Prineas said in the company’s announcement to the Australian Securities Exchange.

“We are starting to see thicker intervals of sulphide mineralisation with high nickel and copper grades, as well as strong credits of cobalt and PGEs.

“These features are excellent for the potential economics of the project with an added bonus being that the mineralisation occurs at shallow depth.

“There is a clear opportunity to test for continuity of the high grade mineralisation at Stricklands, and planning for the next drill programme at Stricklands is already underway.”

Website: www.stgm.com.au