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- WA nickel company St George Mining’s (SGQ) recent drilling program confirms prospectivity of new targets at the Mt Alexander Project
- The company has seen “very promising” results from its new prospects Carnac and Jailbreak prospects
- Both prospects “look highly prospective for more significant nickel discoveries”
- St George is trading up 1.47 per cent at 6.9 cents per share at 12:13 pm AEST
St George Mining’s (SGQ) recent drilling program has confirmed prospectivity of new targets at the Mt Alexander Project, located in Western Australia.
The WA nickel company has been undertaking drilling programs throughout its flagship project, which includes the first drilling programs at Carnac and Jailbreak prospects.
Carnac Prospect
The company completed seven drill holes at the Carnac Prospect. This drilling intersected a number of mafic-ultramafic horizons up to 85 metres thick.
Further exploration activity will be planned for Carnac once laboratory assays from the current drilling program are received.
Jailbreak Prospect
At the Jailbreak Prospect, komatiite ultramafics of up to 270 metres thick were intersected.
This drilling program was designed to follow-up historical geochemical anomalies and confirm the presence of komatiites that are prospective for nickel sulphides
St George is now planning downhole EM surveys at Jailbreak, which will be followed by further drilling.
Executive Chairman John Prineas said the early results from the drilling program were “very promising with multiple prospects emerging that look highly prospective for more significant nickel discoveries”.
“The geology encountered in the drilling at the Carnac and Jailbreak prospects fits the respective geological models that we are targeting in these areas,” he said.
“The thickness of the prospective units intersected at both Carnac and Jailbreak is very impressive and provide a significant search horizon for potential nickel sulphide mineralisation. We look forward to progressing our systematic exploration of these prospects which are located within our 100 per cent- owned tenements at Mt Alexander.”
A second diamond drill rig is expected to arrive at Mt Alexander later this month to drill targets at West End and Investigators.
St George was trading up 1.47 per cent at 6.9 cents per share at 12:13 pm AEST.
