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- St George Mining (SGQ) has announced further strong exploration results at its Mt Alexander nickel-copper sulphide project
- The survey over Fish Hook has been completed and two high priority EM anomalies have been found
- Initial drill programs for 2020 are due to commence shortly and will concentrate on resource definition
- On market close, St George dropped 2.40 per cent and is trading at 12¢ per share
St George Mining (SGQ) has announced further strong exploration results at its Mt Alexander nickel-copper sulphide project in the Goldfields, Western Australia.
Fish Hook Prospect
The MLEM survey across the Cathedrals Belt in the Fish Hook Prospect has resumed this month.
The survey over Fish Hook has been completed and two high priority EM anomalies have been found.
Both anomalies are matching with magnetic anomalies that, in other parts of the Cathedrals Belt, have been confirmed by drilling.
The largest of the two conductors have over 3 survey lines at a 200-metre spacing and has a strike length of more than 500 metres.
“Initial results from the EM survey at the unexplored Fish Hook Prospect are extremely encouraging with new conductors identified in a prospective geological setting,” Executive Chairman John Prineas said.
“This is a great start to the 2020 field season and we are excited at the potential for more exploration success as the work programmes progress,” he added.
2020 Drill Programs
Initial drill programs for 2020 are due to commence shortly and will concentrate on resource definition as well as continued exploration for additional deposits.
The resource definition drilling will focus on the shallow deposits at the Stricklands, Cathedrals and Investigators Prospects.
“Nickel-copper sulphide mineralisation at these Prospects commences from 30m
below surface, making the deposits potentially attractive for an open-pit mining operation,” the company told the market.
A number of metallurgical, geotechnical and hydrological diamond drill holes will also be completed in support of the scoping studies for the shallow deposits at the Cathedrals Belt.
Metallurgical Testwork Progresses
Drill hole MAD177 was drilled to provide samples for metallurgical characteristics of the mineralisation at Investigators Prospect.
Both massive and disseminated sulphide mineralisation from MAD177 will be included in the testwork with the aim of assessing the metallurgical performance of both ore types.
“Drill hole MAD177 is a reminder of the remarkable mineralisation at the Cathedrals Belt with high grades of nickel, copper, cobalt and platinum group metals – predominantly palladium,” John said
“We are keenly awaiting the report on the latest metallurgical test work, which we believe will further confirm the exceptional value of our mineralisation and its potential to be commercialised,” he added.
The first results from the testwork are expected in approximately eight weeks.
“We will continue our systematic exploration in 2020 to test the potential for more
deposits down-plunge of the shallow mineralisation and also along strike to the east and west,” John said.
On market close, St George dropped 2.40 per cent and is trading at 12¢ per share.
