St George Mining Ltd (ASX:SGQ) is fast-tracking exploration and development activities at its flagship high-grade Mt Alexander Project in the north-eastern Goldfields of Western Australia.
Executive chairman John Prineas said: “We are progressing on a number of fronts at Mt Alexander, which is one of the most exciting emerging nickel sulphide projects in the world.
“Our exploration initiatives continue to identify quality targets for deeper deposits of the mineralisation that is so unique at Mt Alexander – a combination of high-grade nickel, copper, cobalt and platinum group metals that is simply not seen anywhere else in Australia."
Strong conductors picked up
A ‘very strong off-hole conductor’, modelled with conductivity of 76,000 Siemens, has been picked up by a downhole electromagnetic (DHEM) survey at the West End Prospect and is interpreted to be consistent with massive nickel-copper sulphides.
A new conductor has been found, down-dip to the northwest of a 81,000 Siemens conductor identified from the DHEM survey, and the proximity of the two conductors on the same horizon suggests a potential conductive horizon of more than 70 metres, open at depth.
The company continues to test these seismic targets, with drilling in progress at a depth of 272 metres downhole and working to a planned depth of 660 metres.
SGQ believes the multiple EM conductors identified at West End indicate potential for a greater volume of mineralisation to be present along strike or down-dip.
“We are excited to be drilling our first set of seismic targets – including S2 which is underway – and keenly await the results of this campaign,” said Prineas.
“Our intrusive-style mineralisation is hosted in the structures that have been clearly mapped by our initial seismic survey. The new information gained through drilling is therefore a great advance in targeting that could provide an exploration breakthrough.”
Good environmental news
An environmental surveys report is also in for Mt Alexander, which provides further good news for the company – there are no flora or vegetation issues identified that would be inconsistent with mining activities.
The surveys covered two field seasons and met the requirements of an impact assessment to support future mining proposals at Mt Alexander.
“Final metallurgical results from Canada are expected very shortly and we expect these to reinforce the potential to commercialise this unique high-grade mineralisation through the production of separate nickel and copper concentrates that will also receive high credits for precious and platinum group metals,” Prineas added.
“With unprecedented investor interest in battery metals, now is an exciting time for St George as we advance our high-quality nickel and copper projects.”