St George Mining Ltd (ASX:SGQ) has identified a number of new targets that have potential to host mineralised ultramafics at the Mt Alexander Project in Western Australia.
St George identified the targets data generated by the recent airborne magnetic survey.
John Prineas, executive chairman, summed it up by saying:
"The results of the aeromagnetic survey are exactly what we were hoping for – particularly in regard to the extension of the Cathedrals Belt to the east.
"Our exploration to date has confirmed that this Belt is highly mineralised and is amenable to EM targeting.
"The case for immediately extending the SAMSON EM survey to the east is very compelling.
"The new aeromagnetic survey has also identified a number of other structures parallel to the Cathedrals Belt which may host further mineralised ultramafics.
"We expect these to emerge as high priority targets which could multiply the value of our Project."
Next up
The deep penetrating fixed loop electromagnetic (FLEM) SAMSON survey has been extended to cover the new eastern extension of the Cathedrals Belt.
St George said an initial FLEM SAMSON survey over the western part of the Cathedrals Belt has identified a number of new EM anomalies with modelling of data by Newexco underway.