St George Mining Intersects Ultramafic Channel at Mt Alexander

THE DRILL SERGEANT: St George Mining (ASX: SGQ) updated the market regarding a drilling program currently underway at the company’s Mt Alexander project in Western Australia

St George Mining said four drill holes have been completed at the Stricklands prospect, with all intersecting mineralised ultramafic.

MAD49 intersected 22 metres of nickel sulphide mineralisation from 31.8m downhole that included massive, matrix and disseminated nickel sulphides.

St George said the mineralised interval was within a broader intersection of ultramafic between 14.5m to 54m downhole.

MAD52 also intersected 2.97m of matrix and massive sulphide in the eastern extent of the Stricklands prospect, 300m east of MAD49.

“The drill results at Stricklands confirm a thick mineralised ultramafic potentially with a strike over 170m and possibly more,” St George Mining executive chairman John Prineas said in the company’s announcement to the Australian Securities Exchange.

“This is consistent with the results from the SAMSON EM survey over Stricklands which identified a large EM anomaly.

”Once again, we are intersecting significant magmatic nickel-copper sulphides at shallow depths.

“This continues to be favourable for the economics of a potential mining operation at Mt Alexander.”

Website: www.stgm.com.au