- St George Mining has identified high-grade nickel-copper sulphides at its flagship Mt Alexander project
- The company’s Executive Chairman said under the circumstances of discovery, it is rare to make the find
- Follow-up drilling is planned at the Radar Prospect once DHEM surveying is complete
- St George’s share price is up 17.86 per cent today, currently sitting at $0.16 apiece
Aussie miners St George has identified more high-grade nickel-copper sulphides at its Mt Alexander project in Western Australia.
In the first round of drilling at the Radar Prospect, “massive” nickel-copper sulphides were found at a shallow depth.
St George’s Executive Chairman John Prineas said: “The occurrence of high-grade nickel and copper sulphide mineralisation at shallow depths is rare.”
“We are delighted to have further extended the strike of this type of mineralisation along the Cathedrals Belt to an impressive 5.5km.”
The company told the market the use of electromagnetic (EM) surveying is effective at Radar, due to its make-up. The prospect has a 10 metre sand cover, which increases the efficacy of EM techniques in locating sulphide mineralisation.
A downhole electromagnetic (DHEM) survey is currently taking place at Radar, which is expected to reveal extensions of mineralisation on site. The company expects this will be complete by next week.
Once this is complete, St George said it will begin follow-up drilling to target the identified areas.
A number of EM conductors still remain to be drilled, including at the West End and Fish Hook Prospects. As a result, John believes that: “there is a strong potential for more high-grade nickel-copper sulphide discoveries.”
St George expects the Radar Prospect may significantly contribute to its resource potential at Mt Alexander. This will add to the Investigators, Stricklands and Cathedrals Prospects, which also reside in the flagship project.
St George’s share price is up 17.86 per cent today, currently sitting at $0.16 apiece, as of AEST 10:37 am.