St George Mining confirms nickel potential at Cambridge

THE DRILL SEREGANT: St George Mining (ASX: SGQ) has received laboratory assays for a 2012 drilling program conducted at the company’s 100 per cent-owned Cambridge nickel prospect at its East Laverton property in the north-eastern Goldfields region of Western Australia.

The company claims the assay results to be largely consistent with XRF analysis it had carried out on the drill samples from holes CAMRC-001 and CAMRC-002 last year.

St George also claimed the results have confirmed its interpretation of the Cambridge project’s large scale nickel sulphide potential.

 

A conceptual section of the Cambridge ultramafic body illustrating
the exploration potential yet to be tested at depth. Source: Company
announcement

 

The first of the holes, CAMRC-001 was drilled to a depth of 168 metres, while CAMRC-002 reached a depth of 150 metres.

St George had to terminate both holes prematurely due to a combination of adverse ground and weather conditions.

However, the company explained it had already penetrated into the upper portion of the ultramafic body, which allowed it to confirm the prospective nature of the Cambridge target.
 
Intersections of nickel were encountered in both holes:

CAMRC-001:

–    160 metres at 0.25 per cent nickel from 8 metres to 168 metres, including 61 metres at 0.35 per cent nickel from 8 metres to 69 metres and 2 metres at 0.84 per cent nickel from 12 metres to 14 metres; and
 
CAMRC-002:

–    150m at 0.22 per cent nickel from 0m to 150m, including 18m at 0.33 per cent nickel from 1m to 19m and 1m at 0.55 per cent nickel from 5m to 6m.

“The initial reconnaissance drilling at Cambridge was cut short and only tested the upper margin of this extensive target but was still sufficient to advance our understanding of the size and potential of Cambridge,” St George Mining technical director Tim Hronsky said in the company’s announcement to the Australian Securities Exchange.

“This is a very significant exploration prospect for nickel sulphide mineralisation and we are excited at the potential results that could come from a deeper drilling program.”

Disclaimer: The Roadhouse holds shares in St George Mining