St George identifies new EM at Dragon North
THE DRILL SERGEANT: St George Mining (ASX: SGQ) has identified a high-quality EM conductor at the company’s Desert Dragon North nickel prospect while conducting a MLEM survey along the Stella Range ultramafic belt at the company’s 100 per cent-owned East Laverton property in Western Australia.
St George said its geophysical advisers, Newexco has rated the anomaly as a Category One target, going on to say the source of the conductor is discrete and directly coincident with a strong magnetic anomaly.
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TMI (Total Magnetic Intensity) RGB plan map of the Desert Dragon
area with location of EM modelled plate and significant drill holes. The
EM conductor is directly co-incident with a magnetic high anomaly.
Source: Company announcement
The company validated its confidence in the newly-identified EM conductor indicating such magnetic features typically represent thick ultramafic sequences at East Laverton, which are favourable locations for massive sulphide mineralisation.
The conductor is located approximately 500 metres south of a RC drill hole St George in November 2012, which intersected an interval of 2m at 1.08 per cent nickel with visible massive nickel sulphide veinlets.
A subsequent regional soil geochemical survey completed in 2011 at the East Laverton property identified anomalous nickel-copper soil values within the Desert Dragon North prospect.
The company is confident the EM conductor within this area of elevated nickel-copper soil values provides further support for the nickel sulphide potential at Desert Dragon North.
“The EM conductor at Desert Dragon North was initially recognised as an exciting target from just its electromagnetic signature,” St George Mining executive chairman John Prineas said in the company’s announcement to the Australian Securities Exchange.
“When you also see how the other geophysical and geological data supports our exploration model for massive nickel sulphides, this target is elevated to something that is quite exceptional.”
Email: info@stgm.com.au
Website: www.stgeorgemining.com.au