THE DRILL SERGEANT: St George Mining (ASX: SGQ) has commenced a multi-rig drill program at the company’s Mt Alexander project, located in the north-eastern Goldfields of Western Australia.
This program is to include reverse circulation (RC) drilling across a range of nickel-copper sulphide targets and diamond drilling testing new conductive features identified by magnetotelluric (MT) and audio-magnetotelluric (AMT) surveys completed earlier this year.
St George explained the new conductive targets are located deeper than the current extent of drilling and believes they have potential to deliver new nickel-copper sulphide discoveries.
RC drilling has already started and will focus on testing shallow targets at the Fish Hook and West End Prospects, as well as completing the resource definition drilling at the high-grade Stricklands deposit.
“We are excited to be commencing this highly anticipated drill program at Mt Alexander,” St George Mining executive chairman John Prineas said in the company’s announcement to the Australian Securities Exchange.
“The shallow deposits discovered to date confirm that the mineral system at the Cathedrals Belt hosts outstanding mineralisation with high grades of nickel, copper, cobalt and platinum group metals.
“The MT survey completed this year has confirmed the presence of conductive features beyond the current extent of drilling.
“This new data is a significant breakthrough in exploration at Mt Alexander.
“It has provided a blueprint to the structural framework of the mineral system that will guide our drilling of the deeper targets.
“In addition to drilling these deep conductive targets, we are excited to begin the first ever drilling at the Fish Hook prospect.
“With a high-order soil anomaly coupled with EM anomalism and interpreted ultramafic intrusives, this drilling has the potential to deliver another greenfields nickel sulphide discovery.
“We are also pleased that this drill campaign will include the resource definition at the shallow Stricklands deposit.
“With high-grade mineralisation starting 30 metres from surface, we believe Stricklands can support a low capital cost, high-margin mining operation that we can fast-rack to development.”