St George Mining pinpoints new targets at Mt Alexander
THE DRILL SERGEANT: St George Mining (ASX: SGQ) has identified further priority targets from geophysical surveys recently completed and underway at the company’s Mt Alexander project in Western Australia.
At George Mining said the deep search FLEM SAMSON survey over the western section of the Cathedrals Belt identified new EM anomalies.
A preliminary review of the data showed the new targets have properties consistent with massive nickel‐copper sulphides.
St George indicted it will prioritise drill testing of these targets once final modelling of the anomalies by Newexco is completed.
The company has now moved the FLEM SAMSON survey to the eastern extension of the Cathedrals Belt with initial modelling and interpretation of data underway by Newexco.
The high resolution magnetic data generated by the recent airborne magnetic survey at Mt Alexander identified additional north‐northwest trending magnetic features with up to five kilometres strike parallel to the main Mt Alexander ultramafic belt.
St George explained these newly recognised magnetic features have never been explored and the company considers that they may represent further ultramafic sequences with potential to host nickel‐copper sulphide mineralisation.
“Our field work is continuing to deliver exciting results that are opening up important new exploration opportunities at the Mt Alexander project,” St George Mining executive chairman John Prineas said in the company’s announcement to the Australian Securities Exchange.
“The SAMSON survey at the Cathedrals Belt is progressing well and a number of highly prospective EM targets have already been identified.
“We are looking forward to drilling these targets as we believe the likelihood of discovering further high-grade nickel‐copper sulphides in this Belt is high.
“The new aeromagnetic survey has indicated that there is potential for further mineralised ultramafics parallel to the Mt Alexander ultramafic belt.
“As with the newly recognised eastern extension of the Cathedrals Belt, this is an unexplored area with strong exploration upside.
“Overall, the geophysical surveys have been an outstanding success in generating new targets over a broader area which has significantly increased the potential at the project.”
Website: www.stgm.com.au