THE DRILL SERGEANT: St George Mining (ASX: SGQ) is primed and ready to begin drilling of new targets identified for the first phase of a 2020 drill program at the company’s Mt Alexander nickel-copper sulphide project in Western Australia.
St George Mining will be testing targets it considers to have potential for new discoveries along a 16 kilometres long structural corridor known as the Cathedrals Belt.
New targets to be subject of the drilling include the West End and Fish Hook prospects.
The company explained that these lie under cover and encompass respectively, the western and eastern extensions of the Cathedrals Belt.
St George believes these targets offer excellent opportunities to discover additional nickel-copper sulphide mineralisation.
“This drill program is designed to deliver several important milestones for the Mt Alexander project,” St George Mining executive chairman John Prineas said in the company’s announcement to the Australian Securities exchange.
“The first ever drilling of priority targets at West End and Fish Hook has the potential to deliver a new discovery.
“We already have four shallow, high-grade discoveries at the Cathedrals Belt – Investigators, Stricklands, Cathedrals and Radar – and we are excited at the opportunity to potentially add to our tally.
“The resource definition drilling of the shallow high-grade deposit at Stricklands is also highly anticipated as we continue to work towards a potential mining operation at Mt Alexander.
“Our target is to deliver a low capex, high profit margin mining proposal for Stricklands.”
St George’s resource definition program at Stricklands will involve RC and diamond drilling with approximately 27 holes planned.
The company intends combining results from these with existing drill data in anticipation of an initial high-confidence resource estimation.