St George Mining Identifies New Targets at Mt Alexander
THE DRILL SERGEANT: St George Mining (ASX: SGQ) announced results of a FLEM SAMSON survey completed over the Cathedrals Belt at the company’s Mt Alexander project in Western Australia.
St George Mining explained the FLEM SAMSON survey focused on two sections of the Cathedrals Belt with the first surveyed being the western section of the Belt where drilling by St George has already discovered massive nickel‐copper sulphides at the Investigators, Stricklands and Cathedrals prospects.
Several new EM conductors were detected in this section of the Belt.
St George said the FLEM SAMSON data had also confirmed a few untested downhole EM (DHEM) conductors identified by drill holes completed at Investigators, Stricklands and Cathedrals in 2016, which hold similar geophysical properties to the massive nickel‐copper sulphides already intersected at these prospects.
The new conductors are along strike or down dip to known mineralisation and in most cases are below the depth of detection of previous reconnaissance moving loop electromagnetic (MLEM) surveys.
“The EM responses in the high-powered SAMSON survey were dazzling, reflecting what we believe are more high grade nickel‐copper sulphides in the Cathedrals Belt,” St George Mining executive chairman John Prineas said in the company’s announcement to the Australian Securities Exchange.
“SAMSON’s success in identifying additional conductive bodies in the Cathedrals Belt strongly suggests that the nickel‐copper sulphide mineralisation in the Belt is even more extensive than previous EM surveys had indicated.
“These new targets provide an opportunity to make further discoveries of high‐grade mineralisation in the Cathedrals Belt with increasing potential for establishing continuity in some areas of mineralisation.
“We are excited to be starting the drill program in a few weeks as we continue along the path of establishing a resource base at Mt Alexander.”
The FLEM SAMSON survey also ran its eye over a recently interpreted eastern extension of the Cathedrals Belt, which has never been explored.
EM anomalies were detected in this section of the Belt, with three anomalies warranting follow‐up MLEM surveys to better constrain the targets prior to any drill testing.
These MLEM surveys are planned between February to April 2017 while a drill program is scheduled to commence in early March 2017 to test the new EM conductors.
Drilling will also include extensional drilling at some of the areas of known mineralisation.
Website: www.stgm.com.au