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St George Mining (ASX:SGQ) - Executive Chairman, John Prineas
Executive Chairman, John Prineas
Source: St George Mining
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  • St George Mining Limited (SGQ) resumes diamond drilling at its flagship high-grade Mt Alexander Project in the Goldfields
  • The Mt Alexander Project is located 120 kilometres from the Agnew-Wiluna Belt, a host of several world-class nickel deposits
  • Drilling will focus on testing high-priority targets identified from the seismic survey recently completed at Mt Alexander
  • It is expected that drilling will be carried out non-stop by two crews within two weeks
  • St George Mining Limited (SGQ) last traded at $0.072 per share before market open on the 11th of January

St George Mining Limited (SGQ) has resumed diamond drilling at its flagship high-grade Mt Alexander Project in Western Australia’s north-eastern Goldfields.

The Mt Alexander Project is located 120 kilometres from the Agnew-Wiluna Belt, a host of several world-class nickel deposits.

Drilling will focus on testing high-priority targets identified from the seismic survey recently completed at Mt Alexander.

The first to be drilled is a large seismic target, S1, modelled with a dip-extent of 450 metres.

It is located down-dip from, and within, the same Cathedrals Belt structure that hosts extensive massive nickel-copper sulphides.

St George executive chairman John Prineas said the initial findings were encouraging.

“Our excitement has been dialled up with initial findings from the St George-CSIRO research project that the Cathedrals Belt intrusions are associated with the Warakurna Large Igneous Province, significantly increasing the prospectivity for us to discover more large-scale Ni-Cu-PGE mineralisation at Mt Alexander,” he said.

Mt Alexander drilling will initially be carried out by a single crew with one shift per day.

COVID-19 regulations and border restrictions have delayed the arrival of the second crew.

It is expected that drilling will be carried out by two crews within two weeks.

The project comprises six granted exploration licences which are a contiguous package. A seventh licence is located to the south-east of the core tenement package.

The Cathedrals, Stricklands, Investigators and Radar nickel-copper-cobalt-PGE discoveries are held in joint venture by St George and Western Areas Limited.

St George is the manager of the project, with Western Areas retaining a 25 per cent non-contributing interest in the project until there is a decision to mine.

All other project tenements are owned 100 per cent by St George.

St George Mining Limited (SGQ) last traded at $0.072 per share before market open on the 11th of January.

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