St George Mining Continues Producing Results at Mt Alexander

THE DRILL SERGEANT: St George Mining (ASX: SGQ) related progress of drilling underway at the company’s Mt Alexander project, located near Leonora in the north Eastern Goldfields of Western Australia.

St George Mining recently completed two drill holes – MARC093 and MARC094 – at the eastern margin of the Fairbridge prospect to test a large chargeable anomaly the company has interpreted to be the western extension of the mineralised ultramafic at the Cathedrals prospect.

Both drill holes intersected thick intervals of ultramafic rocks and nickel sulphide mineralisation.

The company said the interim results it has received demonstrate that the mineralised ultramafic dips to the north, with stronger nickel sulphide mineralisation at depth.

A large chargeable anomaly has been modelled to the north of MARC094, at a vertical depth from surface of approximately 250m.

St George is set to commence the first ever drilling of this large anomaly.

“The drill program at Mt Alexander continues to deliver exciting results and further hits of thick nickel sulphide mineralisation,” St George Mining executive chairman John Prineas said in the company’s announcement to the Australian Securities Exchange.

“Initial drill results at Fairbridge fit very well with our geological model for the Cathedrals Belt, which interprets the ultramafic unit dipping to the north with potential for further mineralisation down-plunge.

“This is encouraging for the remaining nickel sulphide drill targets at Fairbridge – particularly the large chargeable anomalies recently identified down plunge of the known mineralisation at the Cathedrals Belt.

“At West End, the downhole EM surveys continue to identify conductive material.

“This supports the potential continuation of the mineralised ultramafic to the west of Investigators and increases our confidence to complete a series of drill holes all the way to the Ida Fault in the west.

“Extensional drilling between Investigators and Stricklands has also delivered success with a new zone of nickel sulphide mineralisation discovered in this previously undrilled 500-metre east-west strike of the Cathedrals Belt.

“This kind of geologically driven and systematic exploration is the foundation for most major discoveries.

“We are very pleased with the positive results achieved already in the current drill program and the potential for more significant results as the drilling continues over the coming weeks.”