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St George Mining Commences Drilling of Mt Alexander Nickel-Copper Targets

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THE DRILL SERGEANT: St George Mining (ASX: SGQ) has kicked off a major drilling program at the company’s Mt Alexander project in the north eastern Goldfields of Western Australia.

St George Mining is planning to carry out more than 6,000 metres of diamond drilling on nickel-copper sulphide targets on a continuous 24-hour basis over two 12-hour shifts per day.

The company said it expected additional targets to be added to the program as results from ongoing EM surveys are reviewed.

“With a large number of high priority EM targets to test, this is the most exciting drill program we have launched at Mt Alexander to date,” St George Mining executive chairman John Prineas said in the company’s announcement to the Australian Securities Exchange.

“Many of the EM conductors to be drilled represent a large step out from known massive sulphide mineralisation, so there is excellent potential for this program to significantly extend the footprint of high-grade nickel-copper sulphide mineralisation.

“In addition, ongoing EM surveys are identifying new EM targets in underexplored areas of the Cathedrals Belt – providing further support to the emerging large-scale mineral potential at Mt Alexander.”

A high-powered fixed loop EM (FLEM) survey was recently completed over the northern section of the Cathedrals Belt at Mt Alexander, where ultramafic units have been interpreted to extend down-dip to the north and northwest.

The company considers this area to have potential to host a continuation of high-grade mineralisation at depth in the down-dip direction.

The FLEM survey recorded several anomalous responses, which are now being reviewed and interpreted in conjunction with previous EM data for this area.

Close spaced follow-up MLEM surveys will be used to help refine the modelling.

Drill targets for this area are expected to be added to the drill program currently underway.

 

Website: www.stgm.com.au

 

St George Mining Raises $4M to Continue Drilling at Mt Alexander

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THE BOURSE WHISPERER: St George Mining (ASX: SGQ) completed a placement of approximately 37.2 million fully paid ordinary shares at 11 cents per share to raise $4 million.

“We are very pleased with the strong investor backing which recognises the substantial exploration upside at the high‐grade Mt Alexander project at a time of heightened investor interest in the nickel sulphide market,” St George Mining executive chairman John Prineas said in the company’s announcement to the Australian Securities Exchange.

“We thank new and existing shareholders for their continued support.

“We are preparing a major drill program for Mt Alexander that will test nickel‐copper sulphide targets across the highly mineralised Cathedrals Belt including a large number of EM conductors.”

St George Mining said the funds from the placement will fund upcoming exploration at the company’s Mt Alexander project and other projects as well as working capital and general corporate expenses.

 

Website: www.stgm.com.au

 

St George Mining Assays Confirm High-Grade Drill Hits

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THE DRILL SERGEANT: St George Mining (ASX: SGQ) announced further thick intercepts of high-grade nickel-copper-cobalt-PGE sulphide mineralisation from Phase 1 of its 2019 drill program at the company’s Mt Alexander project in Western Australia.

St George Mining said it had received assays indicating that drilling had intersected nickel-copper sulphide mineralisation with the best intersections being at the Investigators prospect.

Laboratory assays for hole MARC118 confirmed thick intersections of high-grade nickel-copper-cobalt-PGE mineralisation of:

10 metres at 2.47 per cent nickel, 1.06 per cent copper, 0.07 per cent cobalt and 2.52 grams per tonne PGEs from 142m, including 3m at 3.85 per cent nickel, 2.12 per cent copper, 0.11 per cent cobalt and 4.22g/t PGEs from 145m and 2m at 5.04 per cent nickel, 1.47 per cent copper, 0.16 per cent cobalt and 2.12g/t PGEs from 150m.

St George explained that hole MARC118 was drilled along the north-south MAD60 Line at Investigators, where high-grade nickel-copper sulphide mineralisation had previoulsy been intersected from very shallow depths of 25m below surface and extending down-plunge for a length of more than 380m.

The company said the 10m thick high-grade intercept in MARC118 greatly extends the continuity of mineralisation on the north-south trending MAD60 Line.

High-grade mineralisation was also intersected in hole MARC109, which was drilled approximately 200m to the west-northwest of MARC118.

Assays for MARC109 returned:

4m at 1.21 per cent nickel, 0.47 per cent copper, 0.04 per cent cobalt and 0.99g/t PGEs from 200m, including 2m at 2.04 per cent nickel, 0.83 per cent copper, 0.07 per cent cobalt and 1.67g/t PGEs from 202m.

“The latest high-grade intersections at Investigators establish further continuity to the scope and scale of mineralisation at Investigators,” St George Mining executive chairman John Prineas said in the company’s announcement to the Australian Securities Exchange.

“Ongoing step-out drilling is being planned for Investigators, with two SAMSON EM anomalies in the northern section of the prospect area lined up as high-priority targets for the upcoming drill program.

“The SAMSON anomalies are corroborated by data from two separate geophysical surveys – the recent Sub-Audio Magnetics (SAM) survey as well as a prior moving-loop EM survey, and are compelling drill targets for the discovery of additional mineralisation.”

 

Website: www.stgm.com.au

 

St George Mining Identifies Mt Alexander Extension Targets

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THE DRILL SERGEANT: St George Mining (ASX: SGQ) informed the market it has identified new, high-priority nickel-copper sulphide targets at the company’s Mt Alexander project, located near Leonora in the north-eastern Goldfields.

St George has previously reported intersections of high-grade nickel-copper sulphides across a 4.5-kilometre strike of the Cathedrals Belt – spanning from the Investigators prospect in the west to the Cathedrals prospect in the east.

Work completed by St George has inferred the Cathedrals Belt extends from the western margin of the Investigators prospect to the Ida Fault approximately 2.5km to the west.

The company recently carried out a SAM survey, identifying a large conductive feature, with an interpreted strike in excess of 300 metres, at the intersection of the Ida Fault and the Cathedrals Belt.

The Ida Fault is a deep, tectonic fault known to be associated with mineral deposits to the north and south of the Mt Alexander project.

This area remains largely undrilled and is referred to by St George as the West End prospect.

The company considers this new conductive and structurally important area to be a high-priority target for the discovery of nickel-copper sulphides and will be the first target to be drilled when drilling re-commences at Mt Alexander shortly.

An additional four new EM anomalies have been identified coincident with major conductive features close to known nickel-copper sulphides at both the Investigators prospect (a 1.5km east-west striking ultramafic dipping at 30 degrees to the north) and at the underexplored Bullets prospect (east of the Cathedrals prospect).

“The new target areas are located along strike or down-dip of high-grade nickel-copper sulphide mineralisation already discovered at the highly mineralised Cathedrals Belt, and are supported by three separate geophysical surveys,” St George Mining executive chairman John Prineas said in the company’s announcement to the Australian Securities Exchange.

“The new conductive target adjacent to the Ida Fault is particularly exciting.

“This area has never been drilled and we look forward to drilling this large target soon.

“We are also very enthusiastic about the new conductive anomalies to the north of Investigators as our geological model for the Cathedrals Belt supports the scope for continuity of high-grade mineralisation either at depth in the northerly down-dip direction or through the repetition of the mineralised ultramafic in the north.

“These are compelling targets for the potential discovery of further nickel-copper sulphides which could significantly expand the footprint of high-grade mineralisation at Mt Alexander.”

St George Mining said the drilling of these new anomalies will represent a major step-out for the company from the large mineralised horizon it has already established at Investigators and will test for extensions of the known high-grade mineralisation.

 

 

Website: www.stgm.com.au

 

St George Mining Progresses Mt Alexander Drilling

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THE DRILL SERGEANT: St George Mining (ASX: SGQ) is in the middle of a nickel-copper sulphide drilling campaign at the company’s Mt Alexander project, located near Leonora in the north-eastern Goldfields.

St George Mining has completed numerous drill holes along the Cathedrals Belt that have intersected the host ultramafic unit as well as nickel sulphides, which the company says supports potential for extensions of the known zones of nickel-copper sulphide mineralisation along the Cathedrals Belt.

DHEM surveys are being carried out in the completed drill holes, from which strong off-hole EM conductors have been identified.

Several of these new EM conductors are located down-plunge of known high-grade nickel-copper sulphides, towards the north-northwest that ST George has interpreted to be in a down-dip direction of the host ultramafic unit and identifying it as a priority target area for potential massive sulphides at depth.

To date, 32 drill holes have been completed in the current program and a further 13 drill holes have been planned to test the additional targets identified to date.

He company anticipates adding more drill holes to the program as DHEM survey results are reviewed and further drill targets are prioritised for testing.

“Infill and extensional drilling in the current drill program has successfully increased the continuity of the mineralised horizon at the Cathedrals Belt, where high-grade discoveries at Investigators, Stricklands and Cathedrals have been made over a strike of 4.5 kilometres,” St George Mining executive chairman John Prineas said in the company’s announcement to the Australian Securities Exchange.

““Results at Cathedrals West are particularly pleasing with multiple intersections of ultramafic and nickel sulphide mineralisation extending into the Fairbridge area, where numerous known nickel-copper gossans are located.

“The new conductors identified from the downhole EM surveys are very exciting and have the potential to significantly increase the down-plunge extent of the high-grade nickel-copper sulphides.

“Mineralisation remains open in the down-dip direction to the north-northwest and we will continue to scope out the extent of the mineralisation in this area with deeper drilling.

“The ongoing results from the drilling and downhole EM surveys indicate strong potential for further mineralisation to be discovered at the extensive mineral system at the Mt Alexander project, and we are pleased to extend the current drill program to further test the high-priority targets evolving from the ongoing exploration programs.”

 

Website: www.stgm.com.au

St George Mining Continues Producing Results at Mt Alexander

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THE DRILL SERGEANT: St George Mining (ASX: SGQ) related progress of drilling underway at the company’s Mt Alexander project, located near Leonora in the north Eastern Goldfields of Western Australia.

St George Mining recently completed two drill holes – MARC093 and MARC094 – at the eastern margin of the Fairbridge prospect to test a large chargeable anomaly the company has interpreted to be the western extension of the mineralised ultramafic at the Cathedrals prospect.

Both drill holes intersected thick intervals of ultramafic rocks and nickel sulphide mineralisation.

The company said the interim results it has received demonstrate that the mineralised ultramafic dips to the north, with stronger nickel sulphide mineralisation at depth.

A large chargeable anomaly has been modelled to the north of MARC094, at a vertical depth from surface of approximately 250m.

St George is set to commence the first ever drilling of this large anomaly.

“The drill program at Mt Alexander continues to deliver exciting results and further hits of thick nickel sulphide mineralisation,” St George Mining executive chairman John Prineas said in the company’s announcement to the Australian Securities Exchange.

“Initial drill results at Fairbridge fit very well with our geological model for the Cathedrals Belt, which interprets the ultramafic unit dipping to the north with potential for further mineralisation down-plunge.

“This is encouraging for the remaining nickel sulphide drill targets at Fairbridge – particularly the large chargeable anomalies recently identified down plunge of the known mineralisation at the Cathedrals Belt.

“At West End, the downhole EM surveys continue to identify conductive material.

“This supports the potential continuation of the mineralised ultramafic to the west of Investigators and increases our confidence to complete a series of drill holes all the way to the Ida Fault in the west.

“Extensional drilling between Investigators and Stricklands has also delivered success with a new zone of nickel sulphide mineralisation discovered in this previously undrilled 500-metre east-west strike of the Cathedrals Belt.

“This kind of geologically driven and systematic exploration is the foundation for most major discoveries.

“We are very pleased with the positive results achieved already in the current drill program and the potential for more significant results as the drilling continues over the coming weeks.”

 

Website: www.stgm.com.au

 

St George Mining Drilling Away at Mt Alexander

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THE DRILL SERGEANT: St George Mining (ASX: SGQ) is continuing its drilling campaign of nickel-copper sulphide targets at the company’s Mt Alexander project, located near Leonora in the north Eastern Goldfields of Western Australia.

St George Mining has completed new geophysical surveys at the undrilled Fairbridge prospect, which it claims to have confirmed several conductive targets it has now prioritised for drilling in the current reverse circulation (RC) drill program.

The company said the targets have electrical signatures consistent with sulphide mineralisation and the potential to be associated with the surface nickel-copper sulphide gossans observed at Fairbridge and/or the highly mineralised ultramafic units drilled at the adjacent Stricklands and Cathedrals prospects.

St George described the new conductive targets ready for drilling at the Fairbridge prospect as ‘highly-chargeable anomalies’ that have been identified within the 1,000 metre east-west strike of the Fairbridge prospect.

Several of these anomalies are co-incident with nickel-copper sulphide gossans at surface and the company’s interpretation of new geophysical data suggests the mineralised ultramafic units drilled at the Stricklands and Cathedrals prospects continue into the Fairbridge area and extend down-plunge to the north.

Other drilling at the West End and Investigators prospects has confirmed extensions of the Cathedrals Belt.

St George completed six drill holes at the West End prospect, all of which intersected the western extension of the fault structure that hosts the mineralised ultramafic within the Cathedrals Belt.

Four extensional drill holes completed at the Investigators prospect intersected disseminated nickel-copper sulphides.

St George now has Downhole Electromagnetic (DHEM) surveys underway that are running concurrently with drilling to identify any conductive targets around completed drill holes.

The company anticipates further drilling to be planned for West End and Investigators following a review of the DHEM survey results.

“The drill program at Mt Alexander is now in full-swing with 10 drill holes completed and downhole EM surveys also underway,” St George Mining executive chairman John Prineas said in the company’s announcement to the Australian Securities Exchange.

“Initial drill results are encouraging and have identified extensions to the Cathedrals Belt.

“Downhole EM surveys in the completed holes will assist in exploring for further nickel-copper sulphides within the Belt.

“The new conductive targets at the Fairbridge prospect are particularly exciting with final modelling of these targets giving us confidence in the potential of further exploration success in our first ever drilling at Fairbridge.”

 

Website: www.stgm.com.au

 

St George Mining Kicks-off 2018 Mt Alexander Drilling Program

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THE DRILL SERGEANT: St George Mining (ASX: SGQ) has resumed drilling at the company’s Mt Alexander project, located near Leonora in the north-eastern Goldfields of Western Australia.

St George Mining informed the market that the majority of the planned program is earmarked to drill at the Stricklands prospect.

Drilling carried out last year at the Stricklands prospect of drill hole MAD71 returned the best intersection the company has achieved to date at the Mt Alexander project.

The 2017 drilling at Stricklands continued to intersect the mineralised ultramafic, with a further seven drill holes intersecting nickel-copper sulphide mineralisation while providing an indication that the Stricklands mineralised channel may extend up to 400 metres along strike, with large areas of the interpreted east-northeast oriented ultramafic channel remaining untested.

St George indicated the upcoming drilling at Stricklands will continue to test for extensions to the mineralised ultramafic.

The company considers the thickness and grade of the nickel-copper sulphides intersected at Stricklands to date supports the potential for further mineralisation at this prospect.

Elsewhere, at the Investigators prospect, a SAMSON EM (electromagnetic) survey identified large conductive areas over a one-kilometre portion of the mineralised Cathedrals Belt.

Planned drilling at Investigators will test underexplored areas of the SAMSON anomaly with the first-ever deep drilling of EM targets.

“St George, like other mining and exploration companies in the Goldfields, has been affected by heavy rains during February,” St George Mining executive chairman John Prineas said in the company’s announcement to the Australian Securities Exchange.

“At Mt Alexander, ground conditions have improved and we are very pleased to announce that drilling has finally begun.

“We have a number of outstanding nickel-copper sulphide targets to drill in this program and we are excited to be drilling again.”

 

Email: info@stgm.com.au

Website: www.stgm.com.au

 

St George Mining to Resume Mt Alexander Drilling

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THE DRILL SERGEANT: St George Mining (ASX: SGQ) is about to commence a major diamond and RC (reverse circulation) drill program at the company’s Mt Alexander project near Leonora, in the North-eastern Goldfields of Western Australia.

St George Mining said the planned drill program will consist twenty planned drill holes for 2,510 metres of drilling with further drilling to be undertaken as drill results are assessed and downhole EM (DHEM) surveys on completed drill holes are reviewed.

Most of the planned drill holes are to be carried out at the Stricklands prospect where drill hole MAD71, completed late last year, returned the best intersection the company has encountered to date at the Mt Alexander project

The thick ultramafic channel at Stricklands was originally identified by MAD49, which intersected:

18.86 metres at 0.42 per cent nickel, 0.16 per cent copper, 0.02 per cent cobalt and 0.36 grams per tonne total PGEs from 31.8m; and

3.36m at 2.09 per cent nickel, 1.18 per cent copper, 0.09 per cent cobalt and 1.82g/t total PGEs from 50.66m.

MAD71 was subsequently drilled to the north of MAD49 and also intersected the prospective ultramafic unit at shallow depth but with a much thicker high-grade nickel-copper sulphide intersection including more than eight metres in aggregate of massive nickel-copper sulphides.

Follow-up drilling completed by Sy George last year at Stricklands continued to intersect the mineralised ultramafic, which the company interpreted as an east-northeast oriented ultramafic channel.

The company said the drilling it has completed to date indicates the mineralised channel may extend over 400m.

“Drilling in 2017 at Mt Alexander intersected thick massive nickel-copper sulphides at each of the Stricklands, Investigators and Cathedrals prospects,” St George Mining executive chairman John Prineas said in the company’s announcement to the Australian Securities Exchange.

“We are excited to be commencing our 2018 drill program at Mt Alexander to follow-up on last year’s success.

“At Stricklands, nine drill holes were completed last year to follow-up the outstanding intersection in MAD71 and of those seven drill holes intersected nickel-copper sulphide mineralisation.

“The high strike rate provides confidence that further drilling at Stricklands will continue to identify mineralised ultramafic.”

The company indicated its planned drilling at Stricklands for 218 will continue to test for extensions to the mineralised ultramafic, particularly where it considers it to be co-incident with the strongest portion of a large SAMSON EM anomaly.

 

Email: info@stgm.com.au

Website: www.stgm.com.au