St George Mining Ltd (ASX:SGQ) has received lab assays from holes MAD126 and MAD127 drilled at the Investigators Prospect within Mt Alexander Project, Western Australia.
The lab assays confirm the presence of high-grade nickel-copper with 7.86 metres at 5.70% nickel, 2.11% copper and 0.18% cobalt from 185 metres in MAD126.
MAD127 assayed 8.49 metres at 5.78% nickel, 2.64% copper and 0.18% cobalt from 183.9 metres.
READ: St George drills further extensions to high-grade nickel-copper sulphides
St George’s executive chairman John Prineas said: “Grade is king in assessing the economic potential of any mining operation, and we are delighted to receive assays for MAD126 and MAD127 which confirm thick intersections of high-grade nickel-copper sulphides.
“The grades for nickel, copper and cobalt are terrific and re-affirm the high-value mineralisation that we have in the Cathedrals Belt.
“Additionally, it is very satisfying to have these thick high-grade intersections confirm the down plunge component of the mineralisation and further support the increasing potential scale of mineralisation at Investigators.
“Interim results from the four drill holes completed in the past week are also very reassuring as to the continuity of mineralisation at Investigators, with all four holes intersecting nickel-copper sulphides.
MAD135 extends mineralisation at depth
“Drill hole MAD135 was particularly pleasing with the plunge of mineralisation on the MAD60 Line extended to a very impressive 380 metres with mineralisation open at depth.
“With more strong EM conductors ready to drill, we are confident of intersecting further high-grade mineralisation at Investigators where drilling is continuing 24/7.”