St George Mining Ltd (ASX: SGQ) has received a strong vote of confidence in its Mt Alexander project by a global nickel expert.
The Technical Review is being conducted by St George’s technical team in conjunction with Dr Martin Gole, a global nickel expert and leading authority on magmatic nickel sulphide deposits.
Dr Gole is the author and co-author of several landmark research papers on major deposits in the Yilgarn, including the giant Perseverance and Mt Keith nickel sulphide deposits in the world class Agnew-Wiluna belt.
St George’s technical team has already identified untested EM conductors in the Cathedrals Shear Zone which are outstanding targets for the discovery of further nickel‐copper sulphide mineralisation.
The latest findings by Dr Gole have highlighted the prospectivity of the underexplored Western Ultramafics in the Mt Alexander Greenstone belt, and the potential of the broader Project area to host economic nickel sulphide mineralisation.
John Prineas, executive chairman, commented: “The results of the Technical Review are very favourable and, with drilling to start very soon, provide further reassurance that the EM conductors to be tested will result in exploration success.
“The finding of enhanced nickel sulphide prospectivity for the broader Mt Alexander project area is also very important, and supports the potential of Mt Alexander to develop into a new nickel mineral field.”
Mt Alexander
The Mt Alexander Project is located 120 kilometres south-southwest of the Agnew-Wiluna belt which hosts numerous world class nickel deposits.
The project comprises two granted exploration licences – E29/638 and E29/548.
The Cathedrals nickel-copper discovery and the Stricklands Prospect are located on E29/638, which is held in joint venture by Western Areas Limited (25%) and St George (75%).
St George is the Manager of the Project with Western Areas retaining a 25% non-contributing interest in the Project (in regard to E29/638 only) until there is a decision to mine.
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