St George Mining to begin drilling nickel-copper sulphide targets at Mt Alexander this month
The 2020 drill program will test targets with potential for new discoveries along the 16-kilometre-long structural corridor known as the Cathedrals Belt.
Company
ASX:SGQ
St George Mining Ltd is focused on developing critical minerals projects in Brazil and Western Australia. In Brazil, the company has entered into a binding agreement to acquire the high-grade niobium-REE Araxa Project in Minas Gerais. In Western Australia, St George is progressing a portfolio of quality exploration and development projects that are focused on critical metals for the clean energy future.
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The 2020 drill program will test targets with potential for new discoveries along the 16-kilometre-long structural corridor known as the Cathedrals Belt.
The company has planned a low-cost magnetic survey to identify areas of interest at this early-stage project.
Electromagnetic (EM) surveys are used to identify potential nickel-copper sulphide mineralisation.
2020 drilling programs are due to commence shortly and will focus on resource definition as well as continued exploration for additional deposits.
Holes MAD175 and MAD 176 were testing high-priority EM conductors at the Cathedrals Prospect.
Step-out drill holes MAD173 and MAD 174 have intersected more nickel-copper sulphide mineralisation at Investigators.
The 17.28-metre intersection will be sent to the lab for assaying and down-hole EM will be conducted to look for nearby targets.
1,260 soil samples were collected on a 200x20-metre grid at the Fish Hook prospect.
The company’s extensive exploration program at the Mt Alexander high‐grade nickel‐copper sulphide project will be escalated.
Multiple electromagnetic (EM) conductors have been identified down-plunge of shallow nickel-copper sulphide deposits.
The funds will help back exploration at its high-grade Mt Alexander project in WA’s Eastern Goldfields.
The trading halt will remain in place until Thursday, October 24, or when an announcement is released to the market.
A step-out hole extends mineralisation at Investigators and a hole at Stricklands has hit mineralisation down-plunge.
St George has commenced preliminary work on a scoping study on the Mt Alexander Project in WA.
An interception of high-grade nickel-copper sulphides in a discovery hole featured 4.29% nickel grades.
Drill hole MAD160 was completed as a deep stratigraphic hole at the Investigators Prospect and intersected a 20-metre thick mafic-ultramafic unit.
Both holes were drilled into untested areas of the large 800 by 400- metre SAMSON EM anomaly.
Nickel is now up 65% since the start of the year, hitting $18,000 a tonne last week, its highest level since September 2014.
A reverse circulation drill rig arrived at Mt Alexander project this week and is drilling shallow stratigraphic holes as well as shallow EM conductors.
Multiple intersections of high-grade nickel-copper sulphides over a broad area and favourable project economics.