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- St George Mining has found more thick intercepts of high-grade mineralisation at the Mt Alexander Project in Western Australia
- This announcement comes after it discovered further nickel-copper deposits at the project
- St George said a DHEM survey will be completed in MAD173 and in MAD174 to prospect for further mineralisation around the holes
- St George is down 3.33 per cent on the market this morning and is currently selling shares for 14¢ apiece
St George Mining has found more thick intercepts of high-grade mineralisation at the Mt Alexander Project in Western Australia.
Drill holes MAD173 and MAD174 have intersected nickel-copper sulphide mineralisation along the down-dip extension at the Investigators Prospect, at depths not been previously explored.
The holes were completed to test EM conductors which were identified by the downhole EM surveys.
Earlier this month, the company announced it found hole MAD172 has a thick intercept of high-grade mineralisation.
Together, the drill holes have found a deeper east-west strike of high-grade mineralisation of more than 800 metres.
Executive Chairman John Prineas is pleased with the results of the drilling.
“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,” John said.
“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,” he added.
MAD173 successfully intersected nickel-copper sulphides, even though the drill hole diverts 10 metres from the planned path and did not intersect the target EM plate. This suggests additional sulphides could be discovered near MAD173.
MAD174 was modelled with a conductivity of 5,000 Siemens, which is consistent with semi-massive/massive sulphides.
“The mineralisation intersected by MAD174 may not fully account for the strong target conductor,” the company said.
St George said a DHEM survey will be completed in MAD173 and MAD174 to investigate further mineralisation around the holes.
St George is down 3.33 per cent on the market this morning and is currently selling shares for 14¢ apiece at 11:56 am AEDT.
