THE DRILL SERGEANT: St George Mining (ASX: SGQ) greeted the day one crowd at the RIU Resources Roundup in Sydney by announcing further results from drilling at the Mt Alexander project in Western Australia.
St George Mining said the program continued to deliver outstanding results returning multiple, new intersections of massive nickel-copper sulphides.
Drill hole MAD60 was completed at the Investigators prospect to test a DHEM plate associated with SAMSON Anomaly 7.
The hole intersected a 20.6 metre thick mineralised ultramafic that included 4.88m of massive and matrix sulphides from 157.8m downhole.
Two intervals of massive sulphides were intersected (3m and 0.3m thick) with average values of 6.3 per cent nickel and 4.3 per cent copper (based on portable XRF readings).
At the Cathedrals prospect, drill hole MAD59 intersected a 3.25m thick interval of nickel sulphide mineralisation with average values of the massive sulphide (1.25m total thickness) of 9 per cent nickel and 2 per cent copper (based on portable XRF readings).
“The intersection in MAD60 is the thickest massive sulphide mineralisation encountered at the Investigators prospect to date, and represents an important milestone which supports the ongoing prospectivity at Investigators,” St George Mining executive chairman John Prineas said in the company’s announcement to the Australian Securities Exchange.
“At the Cathedrals prospect, the drill results continue to extend the shallow high grade mineralisation with further massive nickel-copper sulphides intersected only 60m below surface.
“These results are amongst our best ever intersections at Mt Alexander and illustrate the outstanding potential of this underexplored project.
“The nickel and copper values we are seeing continue to be impressive and give confidence that the high-grade mineralisation will support robust economics for a potential mining operation.”
St George Mining completed two further drill holes at the Cathedrals prospect to test deeper targets it considers to possibly be associated with the footwall fault, in which remobilised massive sulphides have previously been intersected.
Both drill holes – MAD57 and MAD58 – intersected mineralised ultramafic, Which St George interpreted to be further support for the potential for additional nickel-copper sulphides below the shallow mineralisation at Cathedrals.