May 21, 2022

St George Mining (ASX:SGQ) continues Mt Alexander success – The Market Herald

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  • St George Mining (SGQ) continues to advance its drilling program at its flagship Mt Alexander nickel project, located in Western Australia’s northeast goldfields
  • The company is continuing to drill the seismic targets with hole MAD207 currently at a downhole depth of 272 meters
  • The hole intersected 57.7 meters of intrusive style mafic-ultramafic rocks and although no sulphide mineralization was observed, the thickness suggests the possible presence of massive sulphides
  • Additionally, hole MAD205 intersected intrusive rocks between 556.9 meters and 571.77 meters as well as an anomalous response, however results are pending.
  • St George is up 4.44% in the market with shares trading at 4.7 cents

St George Mining (SGQ) continues to advance its drilling program at its flagship Mt Alexander nickel project, located in Western Australia’s northeast goldfields.

The Mt Alexander project is located 120 kilometers south-southwest of the Agnew-Wiluna belt and consists of six granted exploration permits.

St George continues to drill seismic targets with hole MAD207 currently at a downhole depth of 272 meters.

This hole was designed to pierce the center of the target at a bottom depth of 550 meters.

Hole MAD204 was drilled late last year and targeted an area 50 meters down dip of the 81,000 siemen conductors identified via a downhole electromagnetic (DHEM) survey.

Drilling intersected 57.7 meters of mafic-ultramafic intrusive from 425.1 meters to 482.8 meters and although no sulphide mineralization was observed, the thickness of the intrusive suggests a search in the area massive sulphides.

The DHEM survey also identified a strong electromagnetic conductor below and northwest of hole MAD204.

The conductor has a conductivity of 76,000 siemens and has a geophysical signature consistent with massive sulphides.

Hole MAD205 was also drilled in late 2021 and targeted an off-hole conductor with a strike of 250 meters.

The hole was drilled to a depth of 622.2 meters with intrusive rock intersected between 556.9 meters and 571.77 meters.

The DHEM investigation identified an anomalous response and final results are pending.

“Our exploration initiatives continue to identify quality targets for deeper deposits of the mineralization that is so unique to Mt Alexander – a combination of high-grade nickel, copper, cobalt and platinum group metals. which is simply not seen anywhere else in Australia,” Chairman John Prineas commented.

“Final metallurgical results from Canada are expected very soon and we expect they will enhance the commercialization potential of this unique high-grade mineralization through the production of separate nickel and copper concentrates which will also receive high credits. for precious and platinum group metals.

St George was up 4.44% in the market with shares trading at 4.7 cents at 12:00 a.m. AEDT.