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St George Mining Commences Major Mt Alexander Drill Program

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.”

 

Web: www.stgeorgemining.com.au

 

St George Mining Identifies Paterson Province Exploration Targets

THE DRILL SERGEANT: St George Mining (ASX: SGQ) has carried out an airborne magnetic survey over the company’s Paterson project, located within the Paterson Province of Western Australia.

St George Mining completed the survey in March with the aim of evaluating the structure and stratigraphic setting and identifying focus areas for further exploration.

The company has interpreted the high-resolution magnetic data from the survey to identify prominent magnetic features, which it has deemed to represent key stratigraphic units and granitic intrusions similar to what hosts other precious metals and base metals discoveries in the region.

“The results from the aeromagnetic survey have exceeded our expectations with multiple areas of interest identified across the 35 kilometres strike of prospective stratigraphy on our exploration ground,” St George Mining executive chairman John Prineas said in the company’s announcement to the Australian Securities Exchange.

“We have begun planning for the 2020 drill program and applied for the Western Australian Government’s Exploration Incentive Scheme (EIS), which provides co-funding for exploration drilling up to a prescribed capped amount.

“Our Paterson project is shaping up as an outstanding opportunity to make a greenfields discovery.

“We are excited to be progressing exploration at the Paterson while we continue our principal exploration and development activities at our flagship Mt Alexander nickel-copper sulphide project.”

 

 

Web: www.stgeorgemining.com.au

 

St George Mining Expands Mt Alexander Nickel-Sulphide Targets

THE DRILL SERGEANT: St George Mining (ASX: SGQ) has identified a raft of new exploration targets at the company’s Mt Alexander nickel-copper sulphide project in the north-eastern Goldfields of Western Australia.

St George Mining completed an MT/AMT survey at Mt Alexander that was designed to map structures and conductive rock types (including mafic/ultramafic intrusives) along two key sections of the Cathedrals Belt that are known to host nickel-copper sulphide mineralisation.

The survey was also designed to identify repetitions of similar structures and stratigraphy in the underexplored tenements adjacent to the Cathedrals Belt.

The company reported that the interim results from the MT survey have indicated the presence and orientation of the prospective structures and potential mafic/ultramafic stratigraphy, opening up a new range of priority targets for nickel-copper sulphides.

At the Investigators prospect, data from the MT survey has clearly shown a conductive response that is coincident with the Investigators ultramafic where extensive high-grade mineralisation has already been discovered from near surface to more than 250 metres below surface.

The MT survey data also demonstrated conductive responses to be present at depth at the Fairbridge prospect, the West End prospect and to the north of Investigators on tenement E39/548 (owned 100% by St George).

These areas have also never been drilled.

“The results from the MT survey are a game-changer for exploration at the Mt Alexander project,” St George Mining executive chairman John Prineas said in the company’s announcement to the Australian Securities Exchange.

“We have already discovered high-grade nickel-copper sulphides at shallow depths across more than 5.5 kilometres of the Cathedrals Belt.

“However, intrusive mineral systems like we have at the Cathedrals Belt will typically have significant mineralisation at depth.

“These potential larger deposits are likely to be at deeper levels than explored to date at the Cathedrals Belt and our challenge has been how to best target drilling to discover these deeper, undercover deposits.

“The MT survey has gone a long way towards unlocking the geological model at the Cathedrals Belt by providing new and breakthrough insights into the stratigraphy and structural framework at depth.

“We now have a guide to where the granites have disrupted the ultramafics, how the ultramafics have been folded and – most importantly – where the deeper deposits may be located.

“We will revise the drill programme for Mt Alexander in light of this data and are very excited at the opportunity to test drill these new targets.

“The COVID-19 pandemic has created many challenges for our community and for our industry.

“We will carefully navigate this evolving period of uncertainty to protect the health and safety of our team and service providers, and to keep St George strong.

“We are undeterred in our commitment to deliver further exploration success at our projects and will be announcing more significant exploration initiatives over the coming weeks, including a revised drill program for Mt Alexander and our first exploration results at the new Paterson project where an airborne magnetic survey was completed this month.”

St George also announced the appointment of Entech as its external geological consultant to estimate a maiden JORC-compliant mineral resource at the Mt Alexander project.

A scoping study is scheduled that will focus on assessing a potential mining operation that can be developed with very low capital costs and a simple open-pit mining operation.

The resource estimate will initially focus on the Stricklands deposit – where thick massive nickel-copper sulphide mineralisation starts at 30m below surface.

St George considers Strickland to have the simplest potential mining operation among the four shallow deposits discovered so far across the Cathedrals Belt.

“The appointment of external geological consultants for a maiden resource estimate is another major step in the scoping study for the potential mining of the shallow deposits at the Cathedrals Belt,” Prineas continued.

“We are aiming to deliver an economically robust start-up mine with very low up-front capital costs and a high-value product with exceptional payabilities for nickel, copper, cobalt and platinum group metals that include palladium, platinum and rhodium.”

From the drill bit, St George received assays for drill hole MAD177, which it declared to have confirmed high-grade nickel-copper-cobalt-PGE sulphide mineralisation, including:

MAD177
10.5 metres at 4.82 per cent nickel, 1.67 per cent copper, 0.15 per cent cobalt and 2.87 total grasm per tonne PGEs from 182.5m, including 4m at 7.53 per cent, 2.47 per cent copper, 0.23 per cent cobalt and 3.92 total g/t PGEs from 186m.

Platinum group metals include high levels of Palladium and Rhodium – 10.5m at 2.33g/t Pd and 0.08g/t Rh, including 4m at 3.23g/t Pd and 0.1g/t Rh.

“The assays for MAD177 have again reminded us of the high quality of our mineralisation,” Prineas said.

“Long-term market demand for new high-grade nickel sulphide discoveries like Mt Alexander remains very strong and St George is exceptionally well positioned to take advantage of the economic bounce-back when the pandemic subsides.”

 

Web: www.stgeorgemining.com.au

 

St George Mining Ready for Major Mt Alexander Drill Program

THE DRILL SERGEANT: St George Mining (ASX: SGQ) is primed and ready to begin drilling of new targets identified for the first phase of a 2020 drill program at the company’s Mt Alexander nickel-copper sulphide project in Western Australia.

St George Mining will be testing targets it considers to have potential for new discoveries along a 16 kilometres long structural corridor known as the Cathedrals Belt.

New targets to be subject of the drilling include the West End and Fish Hook prospects.

The company explained that these lie under cover and encompass respectively, the western and eastern extensions of the Cathedrals Belt.

St George believes these targets offer excellent opportunities to discover additional nickel-copper sulphide mineralisation.

“This drill program is designed to deliver several important milestones for the Mt Alexander project,” St George Mining executive chairman John Prineas said in the company’s announcement to the Australian Securities exchange.

“The first ever drilling of priority targets at West End and Fish Hook has the potential to deliver a new discovery.

“We already have four shallow, high-grade discoveries at the Cathedrals Belt – Investigators, Stricklands, Cathedrals and Radar – and we are excited at the opportunity to potentially add to our tally.

“The resource definition drilling of the shallow high-grade deposit at Stricklands is also highly anticipated as we continue to work towards a potential mining operation at Mt Alexander.

“Our target is to deliver a low capex, high profit margin mining proposal for Stricklands.”

St George’s resource definition program at Stricklands will involve RC and diamond drilling with approximately 27 holes planned.

The company intends combining results from these with existing drill data in anticipation of an initial high-confidence resource estimation.

 

Web: www.stgeorgemining.com.au

 

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