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St George Mining (ASX:SGQ) - Executive Chairman, John Prineas
Executive Chairman, John Prineas
Source: Bulls N’Bears
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  • St George Mining (SGQ) has received additional results from its flagship Mt Alexander Project in Western Australia
  • Furthermore, the nickel company has updated the market on its ongoing 24/7 drilling program at electromagnetic (EM) conductors as well as its soil survey program
  • Hole MAD195 is in the process of being drilled and is currently at a depth of 315.4 metres
  • St George expects to intersect the EM plate at 340 metres and a second rig is expected to arrive later in the week to allow for 24/7 drilling
  • In February, seven diamond core holes were drilled at the Stricklands deposit to provide samples for metallurgical testwork
  • Core has been cut and sampled with the final product to be used to create a master sample that will represent the life of mine feed for potential mining operations at the deposit
  • Finally, a soil survey is currently underway at exploration licence E29/1041, which aims to test an area where previous rock chip sampling returned elevated levels of nickel and copper
  • St George is up 4.35 per cent on the market this morning, and shares are trading at 9.6 cents

St George Mining (SGQ) has received additional results from its flagship Mt Alexander Project in Western Australia.

Furthermore, the nickel company has updated the market on its ongoing 24/7 drilling program at electromagnetic (EM) conductors as well as its soil survey program.

“Field work is in full swing at Mt Alexander with two diamond core rigs drilling, a soil survey in progress and preparations underway for aeromagnetic and moving loop ground EM surveys,” Executive Chairman John Prineas said.

“We are very pleased with the latest petrographic analysis, which has again identified intrusive rocks that are not typically seen in the Yilgarn but are known to host significant nickel sulphide deposits in other parts of Western Australia,” he added.

EM drilling

St George is continuing to drill hole MAD195 which is currently at a depth of 315.4 metres downhole. The company expects to intersect the EM plate at 340 metres downhole.

This hole is targeting a 33,100 siemens conductor that was identified via a downhole electromagnetic at hole MAD185.

A second rig is expected to arrive later in the week to allow for 24/7 drilling.

This second rig is currently at hole MAD196 and at a depth of 118.1 metres with the EM plate expected to be intersected at 505 metres downhole.

Strickland results

In February, seven diamond core holes were drilled at the Stricklands deposit to provide samples for metallurgical testwork.

Core has been cut and sampled with roughly 300 kilograms in transit to XPS in Canada for analysis.

These samples will be used to create a master sample that will represent the life-of-mine feed for potential mining operations at Stricklands.

Best results include 6.86 per cent nickel and 0.61 per cent copper from 40.2 metres to 41.7 metres and 4.92 per cent nickel and 5.4 per cent copper from 48.2 metres to 48.9 metres.

Petrographic analysis

Petrographic analysis was undertaken at hole MAD31 to follow up work completed at MAD181.

A petrographic analysis investigates the chemical and physical features of a rock sample to identify the mineral components.

Analysis was carried out to a depth to 160 metres and intersected more than five meters of nickel-copper sulphide mineralisation.

A high-grade result of 1.57 metres at 6.26 per cent nickel, 2.71 per cent copper, 0.18 per cent cobalt and 4.91g/t platinum group element from 111.67 metres was returned.

Soil survey

A soil survey is currently underway at exploration licence E29/1041, and St George is aiming to collect 900 samples.

The work will test an area where previous rock chip sampling returned elevated levels of nickel and copper.

St George is up 4.35 per cent on the market this morning, and shares are trading at 9.6 cents at 10:43 am AEDT.

SGQ by the numbers
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