Total
0
Shares
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Exploration at St George Mining’s Mt Alexander Project has discovered further strong targets for nickel-copper sulphides
  • The nickel explorer has received over 1200 samples for the soil survey completed at the Fish Hook prospect where a large nickel-copper anomaly was identified
  • The company plans to identify further nickel-copper targets by launching geophysical surveys across various prospects
  • Importantly, the first-ever seismic survey at the Cathedrals Belt is being designed to investigate further mineralisation
  • St George Mining’s shares remain flat today, with stocks trading for 15 cents each

St George Mining’s ongoing exploration programs have found additional strong targets for nickel-copper sulphides at the Mt Alexander Project in the Goldfields region.

The nickel explorer has received over 1200 samples for the soil survey completed at the Fish Hook prospect.

The soil survey identified a large geochemical anomaly coincident in nickel-copper and chromium. These anomalous values indicate there’s an ultramafic trend below the surface.

“The soil survey results at Fish Hook are very encouraging because they have identified a new anomalous trend 5km east of the known nickel-copper mineralisation at the Cathedrals Belt,” St George’s Executive Chairman John Prineas said.

Fish Hook covers an eastern extension of the east-west oriented Cathedrals Belt.

A moving loop electromagnetic (MLEM) survey will now be conducted over Fish Hook to search for any conductors that may represent nickel-copper sulphides.

The MLEM survey will also be completed at the Bullets and West End prospects.

The western extension of the Cathedrals Belt remains underexplored, but Sub Audio Magnetics (SAM) data has mapped a continuation of the structures hosting the mineral-rich rocks at the Investigators prospect over two kilometres.

One drill hole completed at the Bullets prospect intersected the mafic-ultramafic intrusion that is known to host high-grade mineralisation in other parts of the Belt.

The MLEM survey will search for potential mineralisation associated with this intrusive unit and will focus on the area to the north of the previous drilling.

In addition, a small MLEM survey will be conducted on the western extension of the Stricklands prospect to follow up recent drilling success along the mineralised zone. The survey will also help to plan for future drilling programs.

Currently, the first-ever seismic survey at the Cathedrals Belt is being designed.

The survey will map structures of the areas hosting nickel-copper sulphides and will aim to detect any significant mineralisation accumulated at depth.

“The seismic survey is another exciting initiative with the potential to deliver an exploration breakthrough that could assist us to better understand the controls and distribution of the high-grade mineralisation along the Belt,” John added.

St George Mining’s shares remain flat today, with shares trading for 15 cents each at 11:14 am AEDT.

SGQ by the numbers
More From The Market Herald
Suvo Strategic Minerals (ASX:SUV) - Executive Director, Aaron Banks (left) and Executive Chairman, Robert Martin (right)

" Suvo Strategic Minerals (ASX:SUV) begins drilling at Nova

Suvo Strategic Minerals (SUV) has begun the second phase of drilling at its Nova silica sands project in Western Australia.

" Torian Resources (ASX:TNR) extends Tyrannus gold footprint

Torian Resources (TNR) has extended gold mineralisation at the Tyrannus prospect within the Mt Stirling gold project near Lenora in Western Australia.
Tempus Resources (ASX:TMR) - Non Executive Chairman, Alexander Molyneux

" Tempus Resources (ASX:TMR) hits 33.7g/t gold at Blue Vein

Tempus Resources (TMR) has intersected up to 33.7 grams of gold per tonne (g/t) from the newly discovered Blue Vein.
West African Resources (ASX:WAF) - Executive Chairman, Richard Hyde

" West African Resources (ASX:WAF) to acquire 90pc interest in Kiaka

West African Resources (WAF) has entered into definitive agreements to acquire 90 per cent of the Kiaka gold project from B2Gold and their