Total
0
Shares
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • St George Mining has received strong drill results from its Mt Alexander Project in the WA Goldfields
  • The latest drill hole extends the strike of mineralisation down plunge
  • These results are encouraging and more deep drill holes will now be planned to further test for mineralisation at depth
  • St George’s share price is up 3.03 per cent with shares priced at 17 cents apiece at 12:33 pm AEST

St George Mining has received significant drill results from its Mt Alexander Project in the north-eastern Goldfields.

The latest drill hole completed at the Cathedrals Belt intersected a 20 metre thick mineralised mafic-ultramafic unit at 248 metres downhole.

This mineralised interval is 100 metres down-plunge of the closest known high-grade mineralisation. This represents a significant extension to the strike of mineralisation down plunge.

The mineralised system at the Cathedrals Belt is interpreted to be an intrusive system with the mafic-ultramafic intrusions that host nickel-copper sulphides.

This latest hole was completed to a downhole depth of 300 metres at the Investigators prospect. This hole was designed to test for a continuation at depth and down plunge of other mineralised ultramafics.

Four deep stratigraphic drill holes have been completed in the current program — two at the Investigators prospect, and one each at the Stricklands and Cathedrals prospects.

All four were designed to test for the continuation of the mineralised ultramafic at depth and north.

These results are very encouraging and additional deep drill holes will be planned to further test for mineralisation at depth.

Downhole electromagnetic surveys will be soon completed in all four of the holes to investigate for potential mineralisation around the holes and to assist in designing follow-up drill holes.

Another hole was completed at Investigators East to a downhole depth of 300 metres.

This hole was drilled to the south and designed to test for a continuation at depth of the mineralised ultramafic intersected by other holes.

St George has now completed, and is continuing, a reverse circulation program at a number of its prospects. These include Radar, Bullets, West End, and Fish Hook.

St George’s share price closed 3.03 per cent in the red today, with shares priced at 17 cents apiece.

SGQ by the numbers
More From The Market Herald

" Red River Resources (ASX:RVR) commences drilling program at Thalanga

Red River Resources (RVR) has commenced a drilling program targeting gold areas near its Thalanga Operations in northern Queensland.
Venus Metals (ASX:VMC) - Managing Director, Matthew Hogan

" Venus Metals (ASX:VMC) intersects encouraging mineralisation at Vidure

Venus Metals (VMC) has intersected encouraging copper-nickel-platinum group element (PGE) mineralisation at the Vidure Prospect.

" Whitehaven Coal (ASX:WHC) uses record prices to pay down debt

Whitehaven Coal (WHC) will use the uplift

" Alderan Resources (ASX:AL8) commences drilling at Detroit

Alderan Resources (AL8) has commenced drilling at its Detroit copper gold project, located in the US state of Utah.