St George Mining Reports High-Grades From Cathedrals

THE DRILL SERGEANT: St George Mining (ASX: SGQ) released results for the latest drilling at the Cathedrals prospect, within the company’s Mt Alexander project in Western Australia.

St George Mining reported the results include some of the best intersections of nickel-copper-cobalt-PGE mineralisation to date at the Mt Alexander project.

Seven diamond drill holes were completed at the Cathedrals prospect with all successfully intersecting mineralised ultramafic.

New intersections of high grade mineralisation at Cathedrals are:

7.5 metres at 3.90 per cent nickel, 1.74 per cent copper, 0.12 per cent cobalt and 3.32 grams per tonne total PGEs from 57.8m, including 3.15m at 6.36 per cent nickel, 2.92 per cent copper, 0.2 per cent cobalt and 5.03g/t total PGEs from 61.81m;

4.28m at 2.75 per cent nickel, 1.21 per cent copper, 0.09 per cent cobalt and 2.59g/t total PGEs from 60.67m, including 1.05m at 5.91 per cent nickel, 2.63 per cent copper, 0.21 per cent cobalt and 2.57g/t total PGEs from 63.9m;

7.52m at 2.85 per cent nickel, 1.26 per cent copper, 0.09 per cent cobalt and 2.59g/t total PGEs from 99.58m, including 3.74m at 4.29 per cent nickel, 1.82 per cent copper, 0.13 per cent cobalt and 3.78g/t total PGEs from 103.36m; and

2.96m at 4.3 per cent nickel, 1.25 per cent copper, 0.15 per cent cobalt and 3.21g/t PGEs from 64.85m.

“The drilling results for Cathedrals are exceptional,” St George Mining executive chairman John Prineas said in the company’s announcement to the Australian Securities Exchange.

“We are seeing thick intervals of high-grade nickel sulphides complemented by high-grades of copper, cobalt and platinum group metals – and the mineralisation starts at just 30 metres below surface.

“These factors are obviously very favourable for any potential mining operation at Mt Alexander.

“It’s also very exciting to know that mineralisation remains open with an excellent opportunity to continue extending the high-grade mineralisation with our next drill program.”