St George extends nickel/copper find at Mt Alexander
St George Mining has scored another nickel-copper sulphides drill hit at Mt Alexander, near Leonora in the north eastern Goldfields.
The emerging nickel company told the ASX this week that a new drill hole at the Stricklands prospect had intersected 9.76 metres of shallow nickel-copper sulphides across three intervals.
The latest drill intercept included a 1.68m intersection of massive sulphides from 67.65m down hole, which was measured in field with a portable XRF device at 4.75% nickel and 1.5% copper. Assays will be released as soon as they become available.
The nickel-copper sulphide hit was exactly as predicted by downhole electromagnetic surveys in an earlier nearby hole.
St George has set a cracking pace at Stricklands following a spectacular drill hit in November that featured a 17.45m intercept assaying 3.01% nickel, 1.31% copper, 0.13% cobalt and 1.68 g/t total platinum group elements from a depth of just 37.45 metres.
Executive chairman, John Prineas said: “Drill hole MAD93 was completed approximately 25 metres to the north of MAD71, which intersected thick nickel-copper sulphides late last year. The latest intersection indicates that the high-grade mineralisation is open to the north and to the west. Further drilling will be planned for this area where the large SAMSON electromagnetic anomaly at Stricklands remains mainly untested.”
The latest results follow another important intercept earlier this year that hit massive nickel-copper sulphides 100m northeast of the company’s spectacular discovery hole.
They support St George’s view that a metals-rich ultramafic unit could strike over a distance of 400 metres.
The next step for St George will be a downhole EM survey at the latest drill hole over the next few days, with the results being used to plan possible future drilling in untested north and west sections of the large Stricklands anomaly.
Meanwhile, plenty of other drill action is planned at other prospects on a 5km-long structural corridor at Mt Alexander, where St George hold a 75% stake in a joint venture with nickel producer Western Areas.
A drill rig will soon mobilise to the Investigators prospect, about 1km west of Stricklands, where five diamond holes are planned to test a deeper geophysical anomaly.
Investigators has mouth-watering potential for very high-grade hits, following a drill hole completed last year that returned an intercept of 5.3m at 4.95% nickel, 2.5% copper, 0.16% cobalt and 4.55 g/t PGEs.
St George Mining (SGQ)
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