THE DRILL SERGEANT: St George Mining (ASX: SGQ) has continued to produce promising exploration results at the company’s high-grade Mt Alexander project in the north-eastern Goldfields of Western Australia.
St George drilled hole MAD201 as a large step-out from the 10.96 metres of nickel-copper sulphides that had previously been encountered by discovery hole MAD199.
MAD201 was drilled to test for extension of mineralisation at depth and intersected a 16m thick intrusive unit from 421m downhole that included a 2.4m interval of nickel-copper sulphides from 434.6m downhole.
MAD201 is the first step-out hole from MAD199 with mineralisation open in all directions.
“The mineralised intersection in MAD201 is an excellent result for the large step-out from the MAD199 discovery as it has identified a potential 125 metres down-plunge extent of mineralisation,” St George Mining executive chairman John Prineas said in the company’s ASX announcement.
“The strong EM conductors identified from the downhole EM survey in MAD201 further support the likelihood of additional mineralisation being present in this area.
“Our systematic exploration approach of the large intrusive mineral system at the Cathedrals Belt is now delivering tangible breakthrough results.
“We are confident that further drilling will continue to grow the footprint of high-grade mineralisation at the Cathedrals Belt coinciding with strong capital markets focus on identifying the next generation of nickel sulphides supplies.”
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