St George Mining Ltd (ASX:SGQ) has now confirmed nickel-copper sulphide mineralisation at three separate targets at the Cathedrals prospect, within the Mt Alexander Project in Western Australia.
Highlights include: 1.17 metres at 8.75% nickel, 3.37% copper, 0.24% cobalt and 6.16g/t total PGEs from 30.17 metres.
There is a high correlation between handheld XRF analysis of massive nickel‐copper sulphides and assays.
More assays are pending, which will be followed by a new drilling program.
John Prineas, executive chairman, commented:
“Our maiden drilling program at Cathedrals has added significant new areas of mineralisation that build on the initial discovery of nickel-copper sulphide mineralisation by BHP Billiton in 2008.
“It is very pleasing to see our systematic planning deliver outstanding results so early in our exploration of this highly prospective but underexplored region.
“The high grades of nickel, copper and cobalt at Cathedrals are impressive and the attractiveness of the project is further substantially enhanced by the exceptionally high PGEs."
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 Cathedrals nickel-copper discovery as well as the Stricklands and Investigators Prospects 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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