St George Mining Extends High-Grade Nickel-Copper Sulphides at Cathedrals
THE DRILL SERGEANT: St George Mining (ASX: SGQ) has intersected further massive nickel-copper sulphides at the Cathedrals prospect, which is currently being drilled at the company’s Mt Alexander project in Western Australia.
St George Mining has completed four new drill holes at the Cathedrals prospect, where shallow high-grade nickel-copper-PGE sulphides have previously been intersected.
The company said all four drill holes – MAD53, MAD54, MAD55 and MAD56 – had intersected mineralised ultramafic.
MAD53 intersected 7.12 metres of mineralised ultramafic including 3.32m of massive and brecciated sulphides with average values of the massive sulphide of 9.3 per cent nickel and 2 per cent copper (based on portable XRF readings).
MAD55 intersected 4.24m of mineralised ultramafic including 1.45m of massive and remobilised massive sulphides with average values of the massive sulphide of 6.8 per cent nickel and 2.6 per cent copper (based on portable XRF readings).
MAD56 intersected 8.95m of mineralised ultramafic including 4m of massive, remobilised massive and matrix sulphides with values of the massive sulphide averaging 9.5 per cent nickel and 4.1 per cent copper (based on portable XRF readings).
“We continue to grow the value at Mt Alexander with additional massive sulphides intersected by drilling that tested for extensions of known high grade mineralisation at Cathedrals,” St George Mining executive chairman John Prineas said in the company’s announcement to the Australian Securities Exchange.
“What is particularly pleasing is that the nickel and copper values, as well as the thickness of mineralisation, in these new drill holes are similar to or even better than those already intersected at Cathedrals.”
St George explained the recent intersections extended and confirmed previous high-grade massive nickel-copper sulphides discovered by MAD12, MAD13 and MAD35.
The company considers these new results to support potential for continuity of the high-grade mineralisation at the Cathedrals prospect where most EM conductors have previously only been tested by one drill hole.
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Website: www.stgm.com.au