St George Mining Ltd (ASX:SGQ) will drill three high priority electromagnetic (EM) bedrock conductors at the Investigators Prospect, located within the Mt Alexander Project in Western Australia.
Investigators is located in the interpreted western extent of the Cathedrals fault zone, and directly along strike from the Stricklands and Cathedrals Prospects where high grade nickel-copper sulphide mineralisation has already been discovered.
The Investigators area was previously unexplored with no prior EM coverage or drill testing, with the three bedrock EM conductors consistent with massive sulphide bodies.
John Prineas, managing director, commented:
“We are very pleased that our first phase of exploration at Investigators has successfully delivered three new high priority EM conductors for drill testing.
“Every EM conductor that has been tested in the Cathedrals fault zone has intersected nickel‐copper sulphides, and these new targets - in an area that has never been drilled - have excellent potential for further discoveries.
“Anomaly 2 at Investigators, with its very high conductivity, is a standout target and could provide a major exploration milestone at Mt Alexander.”
Mt Alexander Project
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 three granted exploration licences – E29/638, E29/548 and E29/962.
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 Ltd (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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