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THE DAILY ROADHOUSE

 

Antipa Minerals Drills Mineralised Extensions at Calibre Rio Tinto JV

THE DRILL SERGEANT: Antipa Minerals (ASX: AZY) advised of progress from the exploration program that is underway at the Citadel project Rio Tinto Farm‐in and Joint Venture in the Paterson Province of Western Australia.

Meteoric Resources Raises $7M to Accelerate Brazilian Exploration

THE BOURSE WHISPERER: Meteoric Resources (ASX: MEI) has received firm commitments to raise $7 million by way of the placement of 140 million new shares to sophisticated and professional investors at five cents per share.

Gateway Mining Expands Gidgee Gold Project Drilling Program

THE DRILL SERGEANT: Gateway Mining (ASX: GML) is progressing with an ongoing Reverse Circulation (RC) drilling program at the company’s 100 per cent-owned Gidgee gold project in Western Australia.

St George Hits More Mt Alexander Nickel-Copper Sulphides

THE DRILL SERGEANT: St George Mining (ASX: SGQ) has encountered further thick intercepts of high-grade mineralisation from drilling of deeper EM conductors at the company’s Mt Alexander project in the north-eastern Goldfields of Western Australia.

 

St George Hits More Mt Alexander Nickel-Copper Sulphides

THE DRILL SERGEANT: St George Mining (ASX: SGQ) has encountered further thick intercepts of high-grade mineralisation from drilling of deeper EM conductors at the company’s Mt Alexander project in the north-eastern Goldfields of Western Australia.

St George Mining hit thick intersections of nickel-copper sulphides, including massive sulphide mineralisation, in two further drill holes – MAD173 and MAD174 – that were completed to test deeper electromagnetic (EM) conductors identified by downhole EM (DHEM) surveys in the recently completed deeper stratigraphic holes along the Cathedrals Belt.

MAD173 and MAD174 are large step-out holes that were located down-dip at the Investigators prospect.

St George declared that, together with MAD172, the two latest holes have confirmed an east-west strike of nickel-copper sulphide mineralisation at depth for more than 800m.

The down-plunge extent of high-grade mineralisation has increased to more than 300m with mineralisation open to the north-west and in the down-dip direction.

The company said the style of mineralisation that it has intersected is consistent with mineralisation that has been structurally remobilised from a larger and proximal source of high-grade nickel-copper sulphides.

“These drill results are further evidence of the large high-grade mineral system at the Cathedrals Belt, with significant down-plunge extensions established and mineralisation open in the down-dip direction,” St George Mining executive chairman John Prineas said in the company’s announcement to the Australian Securities Exchange.

“With only limited drilling at depth, we believe there is strong potential to significantly increase the scale of defined mineralisation, both along strike and at depth.”

St George indicated that a DHEM survey will be completed in MAD173 and in MAD174 to investigate for further mineralisation around the holes.

The company explained the current drilling is located within an area of strong SAMSON EM anomalism which has not yet been followed up by drilling, and has been interpreted as likely to be related to further nickel-copper sulphide mineralisation.

Follow-up drilling will be prioritised after review of the DHEM survey data.

MAD173 and MAD174 have been drilled in a section of the Investigators prospect where other recent deeper drill holes have been completed.

All holes have intersected sulphide mineralisation at depth, which St George believes could possibly add mineralisation to a potential resource at this prospect while indicating further exploration upside down-dip.

 

Web: www.stgm.com.au

 

THE DAILY ROADHOUSE

 

 

Pantoro Considers Norseman Processing Plant Options Review Outcomes

THE BOURSE WHISPERER: Pantoro Limited (ASX: PNR) has completed a Processing Plant Options Review and Scoping Estimate at the company’s Norseman gold project in Western Australia.

St George Mining Drills Deeper for Thicker Intercepts

THE DRILL SERGEANT: St George Mining (ASX: SGQ) confirmed further extensions of high-grade mineralisation at the company’s Mt Alexander project, located in the north-eastern Goldfields of Western Australia.

Image Resources Secures December Quarter Sales

THE BOURSE WHISPERER: Image Resources (ASX: IMA) has secured sales agreements from off-take partners for the December quarter 2019.

Virgo Resources to IPO With Namibia-Botswana Projects

THE BOURSE WHISPERER: Former Gold Road Resources (ASX: GOR) chairman Ian Murray is about to launch a new company on the boards of the Australian Securities Exchange.

 

St George Mining Drills Deeper for Thicker Intercepts

THE DRILL SERGEANT: St George Mining (ASX: SGQ) confirmed further extensions of high-grade mineralisation at the company’s Mt Alexander project, located in the north-eastern Goldfields of Western Australia.

St George Mining completed hole MAD172 to test the first of seven electromagnetic (EM) conductors it has identified so far by downhole EM (DHEM) surveys in recently completed deeper stratigraphic holes along the Cathedrals Belt.

The company said the EM plate targeted by MAD172 is modelled with conductivity of 25,000 Siemens and was predicted to be intersected at 260 metres downhole.

Instead, MAD172 intersected thick nickel-copper sulphides from 242.5m to 259.78m downhole.

The company considers the disseminated and blebby sulphides intersected by MAD172 to be consistent with mineralisation found close to massive sulphide deposits, supporting the potential for more substantial mineralisation nearby.

“Deeper drilling has already confirmed significant down-plunge extensions of the mineralised ultramafic and now – with MAD172 – we have seen the deepest intersection of nickel-copper sulphides at the Cathedrals Belt to date,” St George Mining executive chairman John Prineas said in the company’s announcement to the Australian Securities Exchange.

“The thickness of the mineralised intercept and the style of mineralisation support the potential for further high-grade mineralisation to be present in this area.

“Under the intrusive geological model for the Cathedrals Belt, the larger deposits of mineralisation are likely to be at deeper levels than explored to date, so it is very exciting to see the thickness of nickel-copper sulphides increasing with depth.

“We are increasingly confident that ongoing drilling could discover further significant nickel-copper sulphides down-plunge of the shallow high-grade deposits already established at the Cathedrals Belt.”

 

Web: www.stgm.com.au

 

THE DAILY ROADHOUSE

Encounter Resources and Newcrest Drilling at Tanami JV

THE DRILL SERGEANT: Encounter Resources (ASX: ENR) announced the completion of the first phase of RC drilling at Hutch’s Find in the Tanami region of Western Australia that is held in Joint Venture with Newcrest Mining (ASX: NCM).

Red 5 Scores Big Hits Assaying Historical KOTH Core

THE DRILL SERGEANT: Red 5 Limited (ASX: RED) is continuing to produce encouraging results from ongoing assaying of historical diamond drill core from the King of the Hills (KOTH) gold mine, located in the Eastern Goldfields region of Western Australia.

Southern Gold to Commence Drilling at Bonanza Zone

THE DRILL SERGEANT: Southern Gold (ASX: SAU) is set to commence a diamond drilling program on the Bonanza Zone, within the company’s 100 per cent-owned Deokon project in South Korea, having secured land access and regulatory approvals.

St George Mining Encounters More Step-Out Results at Mt Alexander

THE DRILL SERGEANT: St George Mining (ASX: SGQ) released more results from ongoing exploration programs underway at the company’s Mt Alexander project in the north-eastern Goldfields of Western Australia.

 

St George Mining Encounters More Step-Out Results at Mt Alexander

THE DRILL SERGEANT: St George Mining (ASX: SGQ) released more results from ongoing exploration programs underway at the company’s Mt Alexander project in the north-eastern Goldfields of Western Australia.

St George is concentrating on shallow, high-grade nickel-copper sulphides it has discovered at the Cathedrals Belt to date, which it believes to be associated with mafic-ultramafic intrusions interpreted to have passed upwards from the Earth’s mantle through structures located in the northern margin of the Belt.

Deeper drilling to track the mineralised intrusive units down-plunge of the shallow deposits has intersected these units in their interpreted down-dip extension.

Subsequent downhole EM (DHEM) surveys the company has underway in these deeper holes have now identified multiple off-hole EM conductors, which St George consider to be excellent targets for the discovery of further nickel-copper sulphide mineralisation.

“These new EM targets from the deeper holes indicate that the large, high-grade mineral system at the Cathedrals Belt is ‘live’ at depth,” St George Mining executive chairman John Prineas said in the company’s announcement to the Australian Securities Exchange.

“With all EM conductors drilled in the Cathedrals Belt confirmed as nickel-copper sulphides, the new EM conductors present a tremendous opportunity to make further discoveries and to confirm the continuation of mineralisation down-plunge.

“We are seeing increasing potential for significant mineralisation at depth, and are excited to be escalating our drill program to more intensely test this priority target area.”

MAD168 is the latest deep stratigraphic hole St George has completed at the Cathedrals Belt.

The hole was drilled to a downhole depth of 301 metres where it intersected 6.5m of nickel-copper sulphides from 227.1m downhole.

The sulphides were intersected in the interpreted down-dip continuation of the Investigators ultramafic unit.

MAD168 is a large 95m step-out to the north of the previously known mineralisation in MAD123 that St George claims has confirmed a large extension of the down-plunge strike of high-grade mineralisation at Investigators.

The breccia and stringer sulphides intersected by MAD168 suggest remobilisation from a larger and proximal source of massive nickel-copper sulphides.

This interpretation is given additional weight by the high chalcopyrite content of the sulphides in MAD168, a further indicator of proximal remobilised mineralisation.

 

Web: www.stgm.com.au

THE DAILY ROADHOUSE

TODAY’S NEWS HOT OFF THE ROADHOUSE 

 

Galan Lithium Confirms High Grades in Argentina

THE DRILL SERGEANT: Galan Lithium (ASX: GLN) informed the market on progress of its current drilling program underway at the company’s Western Basin projects, located on the Hombre Muerto salar in Argentina.

 

St George Mining Confirms Nickel-Copper Sulphide Discovery

THE DRILL SERGEANT: St George Mining (ASX: SGQ) announced that laboratory assays have confirmed a healthy intersection of high-grade nickel-copper sulphides at the Radar prospect – the latest discovery at the company’s Mt Alexander project, located in the north-eastern Goldfields of Western Australia.

 

Musgrave Minerals Drills and Rock Chips High-Grade Gold at Cue

THE DRILL SERGEANT: Musgrave Minerals (ASX: MGV) reported on recent activity undertaken at the company’s Cue gold project in the Murchison district of Western Australia.

 

St George Mining Confirms Nickel-Copper Sulphide Discovery

THE DRILL SERGEANT: St George Mining (ASX: SGQ) announced that laboratory assays have confirmed a healthy intersection of high-grade nickel-copper sulphides at the Radar prospect – the latest discovery at the company’s Mt Alexander project, located in the north-eastern Goldfields of Western Australia.

St George Mining indicated the new discovery to be located 1.2 kilometres east of the known nickel-copper sulphide deposits at the Cathedrals prospect and extends the east-west strike of high-grade mineralisation on the Cathedrals Belt to 5.5 kilometres.

The company said that the first drill hole undertaken at the Radar prospect returned assays that confirm a shallow discovery of nickel-copper sulphide mineralisation

MAD152 encountered an intersection of:

6 metres at 2.14 per cent nickel, 0.74 per cent copper and 1.62 grams per tonne PGEs from 46m, including 2.55m at 4.29 per cent nickel, 1.46 per cent copper and 3g/t PGEs from 49.05m.

MAD152 was drilled into an electromagnetic (EM) conductor the company had interpreted to be situated within the unexplored eastern extension of the mineralised Cathedrals Belt.

A subsequent downhole EM (DHEM) survey in MAD152 indicates that the hole has intersected only the northern portion of the EM conductor with increased strike and conductivity of the conductor to the south-west.

St George intends re-commencing drilling at Radar with step-out holes planned to test for up-dip and down-dip extensions to the high-grade mineralisation.

“With high-grade mineralisation now established over a 5.5 kilometre strike of the east-west oriented Cathedrals Belt, we are increasingly confident of the potential to develop a potential mining operation at the project,” St George Mining executive chairman John Prineas said in the company’s announcement to the Australian Securities Exchange.

“More than 10.5 kilometres of the Belt remains underexplored with strong targets emerging at Fish Hook and West End, which are also scheduled for drilling in this drill program.

“Exploration success here could add substantial volumes of mineralisation to a potential resource at Mt Alexander.

“The strong rally in the nickel price over recent months is likely to be very favourable for the project economics of a potential development at Mt Alexander, and we are pleased to initiate preliminary studies to assess a potential mining development at Mt Alexander.”

 

Web: www.stgm.com.au

 

St George Mining Claims New Discovery of Nickel-Copper Sulphides at Mt Alexander

THE DRILL SERGEANT: St George Mining (ASX: SGQ) announced a new discovery of high-grade nickel-copper sulphides at its flagship Mt Alexander project, located in the north-eastern Goldfields.

St George Mining said the first drill hole – MAD152 – at the newly named Radar prospect intersected nickel-copper sulphide mineralisation between 44.2 meyres and 51.7m downhole including intervals of massive nickel-copper sulphides.

The company explained that the hole was drilled to test a new EM conductor it had identified by way of EM surveys completed earlier this month.

The conductor was initially detected by a Moving Loop EM (MLEM) survey that was followed by an optimised Fixed Loop EM (FLEM) survey that confirmed a late-time anomaly, which was modelled with a conductivity of 35,000 Siemens and at a depth of approximately 50m.

St George will carry out a DHEM survey in MAD152 to identify extensions of mineralisation around the hole and to plan follow-up drilling.

The company declared the intersection in MAD152 to be representative of a new discovery in an unexplored section of the Cathedrals Belt.

This, St George said, is important for a number of reasons, including:

1. It opens up an opportunity to drill out a new high-grade prospect, which along with the advanced Investigators, Stricklands and Cathedrals prospects, could add mineralisation to a potential resource at Mt Alexander.

2. It confirms the prospectivity of unexplored areas of the Cathedrals Belt for further high-grade mineralisation: such as the east-west strike of known high-grade nickel-copper sulphides along the Cathedrals Belt is extended by this discovery to 5.5 kilometres, with another 10.5km of the Cathedrals Belt remaining as unexplored or underexplored and the prospectivity of newly identified EM anomalies at the largely unexplored West End and Fish Hook prospects – located on the western and eastern extensions of the Cathedrals Belt, respectively – is elevated by the latest results at Radar.

3. It supports the effectiveness of St George’s exploration techniques being used at the Cathedrals Belt, particularly the critical role of EM surveys in identifying nickel-copper sulphide targets.

4. The increased strike of high-grade mineralisation along the Cathedrals Belt is indicative of a large mineral system. This not only increases the potential to discover more mineralisation along the east-west strike of the Belt but also at depth, in the down-dip direction and associated with the structures that are interpreted to be the likely source through which mafic/ultramafic intrusions hosting nickel-copper sulphides have passed upwards from the Earth’s mantle.

“The discovery of high-grade nickel-copper sulphides with the first ever drill hole in an area with about 10m of transported overburden and more than one kilometre from the nearest known mineralisation on the Cathedrals Belt is an excellent exploration result and a credit to our technical team,” St George Mining executive chairman John Prineas said in the company’s announcement to the Australian Securities Exchange.

“The occurrence of high-grade nickel and copper sulphide mineralisation at shallow depths is rare and we are delighted to have further extended the strike of this type of mineralisation along the Cathedrals Belt to an impressive 5.5 kilometres.

“With multiple EM conductors still to be drilled, including targets at the unexplored West End and Fish Hook prospects, we believe there is strong potential for more high-grade nickel-copper sulphide discoveries.”

 

Web: www.stgm.com.au

 

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

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