02/03/2021 - 00:07

St George doubles rig count at Mt Alexander

02/03/2021 - 00:07

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ASX-listed St George Mining now has two diamond drill rigs going deep in the company’s hunt for more nickel-copper sulphides at its flagship high-grade Mt Alexander project in WA’s north-eastern Goldfields. Both rigs are vectoring in on strong EM conductors which are amongst the deepest tested along the western extension of the Cathedrals Belt prospect.

ASX-listed St George Mining now has two diamond drill rigs going deep in the company’s hunt for more nickel-copper sulphides at its flagship high-grade Mt Alexander nickel project in WA’s north-eastern Goldfields.  Both rigs are vectoring in on strong EM conductors which are amongst the deepest tested along the western extension of the Cathedrals Belt prospect.

With nickel and copper prices tracking close to decade highs, St George is doubling down on its efforts to prove up a significant and ever-deepening nickel-copper-PGE deposit at Mt Alexander.

Its latest drill sites are at the project’s West End, where a number of earlier hits provided some encouragement to drill on. They include 8.49 metres going 5.78 per cent nickel, 2.64 per cent copper and 3.61 grams per tonne PGEs from 183.9m downhole in drill hole number MAD127.

The drill bits are now spinning their way towards the new targets which are expected to be encountered at 340m downhole and 505m downhole, several hundred metres west of MAD127 and structurally down-dip.

Any successful ‘joining-of-the-dots’ resulting from the fresh diamond drill holes will be a shot in the arm for St George as it builds on its bevy of existing nickel and copper mineral discoveries along the Cathedrals Belt.

St George Mining Executive Chairman, John Prineas said: We have a number of EM conductors and deep stratigraphic exploration holes lined up and ready for drilling. The second rig will serve to expedite testing of these targets.”

“The two EM conductors currently being drilled are interpreted to have a massive sulphide source. They are located to the west of known massive nickel-copper sulphide mineralisation and offer an excellent opportunity to make a new discovery in this unexplored area of the Cathedral Belt.”

St George’s Mt Alexander nickel project is located 120 kilometres south-west of the world-class Leinster nickel terrane in the metal-rich North Eastern Goldfields of Western Australia.

The Leinster province is an analogue for Mt Alexander, hosting a wealth of nickel mineralisation, including the world-class Mt Keith operation.

St George’s 2021 exploration drilling program over Mt Alexander is focused on a piece of the 16km strike of the Cathedrals Belt which includes the West End prospect with more drilling also targeting the Stricklands and Investigators discoveries.

With the company progressing its feasibility work at Stricklands, St George looks well-placed to advance its development across the Goldfields as the rotary diviner zeroes in on potentially more massive nickel sulphides.

 

Is your ASX-listed company doing something interesting? Contact: matt.birney@businessnews.com.au

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