St George assays confirm high-grade Mt Alexander massive sulphides

THE DRILL SERGEANT: St George Mining (ASX: SGQ) has received the first laboratory assays received for recent diamond drilling carried out on the company’s Mt Alexander project.

The company said the assays have confirmed that drilling at the Cathedrals prospect has intersected high-grade nickel‐copper sulphide mineralisation with high values of cobalt and PGEs (Platinum Group Elements).

Assays have been received for drill holes MAD14, MAD15, MAD16 and MAD17 which were drilled at the Cathedrals prospect to test three separate EM conductors.

The highlight of the drilling program was provided by hole MAD15, which returned an exceptional intersection of massive nickel‐copper sulphides of:

1.17 metres at 8.75 per cent nickel, 3.37 per cent copper, 0.24 per cent cobalt and 6.16 grams per tonne total PGEs from 30.17m.

“Our maiden drilling program at Cathedrals has added significant new areas of mineralisation that build on the initial discovery of nickel‐copper sulphide mineralisation by BHP Billiton in 2008,” St George Mining executive chairman John Prineas said in the company’s announcement to the Australian Securities Exchange.

“It is very pleasing to see our systematic planning deliver outstanding results so early in our exploration of this highly prospective but underexplored region.

“The high grades of nickel, copper and cobalt at Cathedrals are impressive and the attractiveness of the project is further substantially enhanced by the exceptionally high PGEs.

“We are looking forward to achieving further significant exploration milestones at Mt Alexander when the next drilling program commences soon.”

Website: www.stgm.com.au