St George Mining Ltd (ASX:SGQ) has received drill results from two significant holes at the Investigators and Stricklands prospects within the Mt Alexander Project, Western Australia.
Hole MAD166 at Investigators, was a 100-metre step-out hole and has notably intersected thick nickel-copper sulphides along strike from known mineralisation.
This significantly increases the strike of high-grade mineralisation at Investigators East, which still remains open in the north-northwest down-dip direction.
Lab assays for MAD166 are pending with preliminary XRF readings showing up to 6.5% nickel and 2.3% copper.
At the Stricklands Prospect, assays for hole MARC128 have been received revealing 5 metres at 2.97% nickel, 1.04% copper and 1.02 g/t PGEs from 83 metres.
MARC128 significantly increases the down-plunge strike of mineralisation at Stricklands with mineralisation open in the north-northwest down-dip direction.
Supports potential for larger deposits at depth
St George’s executive chairman John Prineas said: “Step-out drilling continues to deliver excellent results across our Mt Alexander Project with more hits of high-grade mineralisation both down-plunge and along strike of the known shallow nickel-sulphide deposits.
“The down-plunge extensions are all pointing in the same north-northwest direction, giving weight to the geological model that there may be a larger, intrusive-style nickel sulphide deposit at depth.
News flow expected with 24/7 drilling
“Field activities continue in full swing with diamond drilling 24/7, downhole EM surveys underway and further surface EM surveys about to resume.
“A second drill rig is also scheduled to arrive soon.
“We will continue to test the down-plunge extensions at Investigators and Stricklands and are also excited to be escalating drilling at the new targets at Radar, Bullets and Fish Hook.”
The Mt Alexander Project is made up of five granted exploration licences which host a number of key prospects along the 16-kilometre strike of the Cathedrals Belt.
Historical exploration has focused on the Investigators, Stricklands, and Cathedrals prospects however there are a number of emerging underexplored prospects.
Two holes have recently been completed at the Radar Prospect and data from down-hole electromagnetic (DHEM) surveys is now being analysed.
A DHEM survey is also planned to be completed on a recently drilled hole at the Bullets Prospect.