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- St George Mining (SGQ) has completed a high-resolution ground gravity survey at its Mt Alexander Project in WA’s Goldfields
- The geophysical survey identified multiple new targets for nickel-copper sulphides at several project prospects
- These results build on the encouraging initial discovery of nickel-copper sulphides at the project just two weeks ago
- The company will plan and prioritise an additional drill programme to test the project’s new targets
- St George Mining is up 4.21 per cent and trading at 9.9 cents per share
St George Mining (SGQ) has completed a high-resolution ground gravity survey at its Mt Alexander Project in WA’s Goldfields.
The ground gravity survey was conducted specifically at the project’s West End and Investigators prospects and recorded multiple gravity highs. As a result of its geophysical surveys at Mt Alexander, the company has gained new data that supports the prospectivity of multiple new targets for nickel-copper sulphides.
In particular, the survey identified a number of gravity features along the mineralised trend of Investigators and at West End, in areas that have never been drilled. These gravity features included a string of large gravity highs, the largest of which is situated at the West End prospect.
St George Mining’s Executive Chairman, John Prineas, expressed the company’s excitement about the gravity survey results, which could help advance targeting of nickel-copper sulphides in the Cathedrals Belt.
“A number of the gravity features are compelling drill targets for massive sulphides. These gravity highs are located within the interpreted trend of the mineralised intrusive host unit, an ideal location for dense massive sulphides,” he said.
“The concurrent use of downhole EM and drilling is continuing to provide a vector to mineralisation at depth. The multiple EM plates modelled around the new high-grade discovery in MAD199 support the potential for further high-grade mineralisation in this area,” he added.
These results build on the encouraging initial discovery of high-grade nickel-copper sulphides at the project approximately two weeks ago. On April 14, St George Mining discovered new sulphides at Mt Alexander, which have now been supplemented by these more recent findings.
While drilling at the project is already ongoing, the company will plan and prioritise an additional drill programme to test the new targets.
St George Mining is up 4.21 per cent, trading at 9.9 cents per share at 10:11 am AEST.
