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.
467 stories · page 9 of 24
The discovery is below the shallow deposits already discovered at Investigators and is the latest high-grade nickel sulphide find across the Cathedrals Belt where the company continues to grow the footprint of this critical battery mineral.
The first round of exploratory drilling is underway at St George’s Paterson copper and gold play, where no modern exploration has been conducted until now.
The company is confident that further drilling will continue to grow the footprint of high-grade mineralisation at the Cathedrals Belt coinciding with strong capital markets focus on identifying the next generation of nickel sulphides suppl
Proceeds will go towards drilling and other exploration activities at St George’s flagship Mt Alexander Project in WA’s Goldfields
The new funds will be used to step up exploration at Mt Alexander, where recent results have highlighted compelling targets for further discoveries.
The company has used geophysical surveys to identify multiple new nickel-copper sulphide targets at its flagship high-grade Mt Alexander Project in WA's north-eastern Goldfields.
A high-resolution ground gravity survey has been completed at West End and Investigators, recording multiple gravity highs and strong targets for the potential discovery of further nickel-copper sulphide mineralisation.
The company’s latest result in hole MAD199 is significant in confirming the prospectivity of unexplored and underexplored areas of the Cathedrals Belt for further high-grade mineralisation, particularly at depth and to the west.
Drilling is ongoing at the Mt Alexander Nickel-Copper Sulphide Project in the north-eastern Goldfields of Western Australia.
“The science continues to support the potential for further significant mineralisation to be present in the large intrusive mineral system at the Cathedrals Belt," says chairman.
Samples have been sent for laboratory assaying which will provide a definitive account of the metal values in the sulphide intersections of the Stricklands drill holes.
There are now two diamond rigs now in operation to drill for potential nickel-copper sulphide discoveries at Mt Alexander.
The company’s Mt Alexander Project is 120 kilometres south-southwest of the Agnew-Wiluna Belt, which hosts numerous world-class nickel deposits.
A diamond drill rig is scheduled to arrive at site on Friday with two crews operating on a 24/7 basis.
The new EM conductors have an electrical signature consistent with massive sulphides and are ideally situated within the large mafic-ultramafic unit known to host massive nickel-copper sulphides in other parts of the project.
Five EM conductors were identified from MAD185 with the two highest priority targets modelled with conductivity of 33,100 Siemens and 14,225 Siemens, respectively.
The drilling has identified a 49,000 Siemens EM conductor, which remains untested and is considered a strong exploration opportunity.
The company's drill program at Mt Alexander is focused on deeper drilling to test conductive features identified by a number of geophysical surveys completed across the Cathedrals Belt.
Modelling of DHEM surveys produced conductivity results of 49,000 and 16,200 Siemens respectively which represent potential for a new nickel-copper sulphide discovery.
The results are likely to have a positive impact on project economics for a potential mining operation at Mt Alexander.
