St George Mining (ASX:SGQ) has identified new electromagnetic targets as part of its ongoing geophysical SAMSON survey at the Mt Alexander project located in the Cathedrals Belt of Western Australia.
A preliminary review of the data indicates the new targets have properties consistent with massive nickel-copper sulphides.
Drill testing of these targets will be prioritised once final modelling of the anomalies by Newexco is completed.
John Prineas, executive chairman, commented: “Our field work is continuing to deliver exciting results that are opening up important new exploration opportunities at the Mt Alexander project.
“Overall, the geophysical surveys have been an outstanding success in generating new targets over a broader area which has significantly increased the potential at the project.”
SAMSON survey
The deep search fixed loop electromagnetic (FLEM) SAMSON survey over the western section of the Cathedrals Belt has identified new electromagnetic anomalies.
The survey has now moved to the eastern extension of the Cathedrals Belt.
Airborne survey
The high resolution magnetic data generated by the recent airborne magnetic survey at Mt Alexander has identified additional north-northwest trending magnetic features with up to 5km strike that are parallel to the main Mt Alexander ultramafic belt.
These newly recognised magnetic features have never been explored and may represent further ultramafic sequences with potential to host nickel-copper sulphide mineralisation.
Analysis
The SAMSON survey at the Cathedrals Belt is proving successful with a number of prospective targets having already been identified.
The next step is drilling these targets and St George believes the likelihood of discovering further high grade nickel-copper sulphides in this belt is relatively good.
Furthermore, the new aeromagnetic survey has indicated that there is potential for further mineralised ultramafics parallel to the Mt Alexander ultramafic belt.
As with the newly recognised eastern extension of the Cathedrals Belt, this is an unexplored area with strong exploration upside for the company.