THE DRILL SERGEANT: St George Mining has been busy of late implementing activities and planned exploration programs at the company’s high-grade nickel-copper-PGE Mt Alexander project, located in the northern Yilgarn Craton of Western Australia.
St George Mining is applying a two-fold strategy: on one hand it is expanding areas of known high-grade massive sulphide mineralisation intersected near surface at Mt Alexander, while on the other it is testing several large conceptual targets it considers having potential to deliver a step change in the scale of the Mt Alexander project.
“Our systematic exploration continues to deliver encouraging results that support the potential for further significant mineralisation at Mt Alexander,” St George Mining executive chairman John Prineas said in the company’s ASX announcement.
“With surface EM surveys having limited detection at depth, the seismic survey has been invaluable in mapping the host structures and revealing prospective areas for exploration.
“Further seismic surveys will assist with 3D structural interpretation and provide datasets needed to make more discoveries.
“The geological and structural interpretations continue to evolve with new exploration results.
“Our very experienced and committed technical team is also looking at new concepts and methods to provide additional information that can assist exploration targeting.”
Following a comprehensive review of all available technical data for Mt Alexander, five conceptual target areas with minimal or no previous drilling have been identified for priority testing.
• Ida Fault: an intersection of the Ida Fault and the Cathedrals Belt;
• Radar Prospect: a 2 to 3km long interpreted structural anomaly with interpreted basal intrusive, 1.5km east of Cathedrals Deposit along the Cathedrals Belt;
• Fish Hook Prospect: Over 4km long, 1km wide structural zone with multiple intrusive units interpreted from magnetic data; located 5km east of high-grade Cathedrals deposit along Cathedrals Belt;
• Granite/Greenstone Contact: an extensive area of granite/greenstone contact, north of outcropping central greenstone belt; and
• Bullseye Anomaly: an untested gravity and magnetic anomaly 1km north of Stricklands deposit.
Work on these conceptual target areas is planned to commence on site early in the June quarter.
“With advanced exploration underway around the known high-grade deposits at the Cathedrals Belt and recognition of five large, conceptual targets at Mt Alexander – plus the commencement of diamond drilling at Paterson – this year is shaping as very productive for the Company and a very exciting time,” Prineas said.
TO READ THE FULL ANNOUNCEMENT: CLICK HERE