- St George Mining (SGQ) identifies further nickel targets following a seismic survey at Mt Alexander in Western Australia
- The seismic survey was completed late last year at the company’s flagship project, which resulted in three new targets being added to St George’s portfolio
- St George says seismic data revealed an extensive network of cross-cutting structures, further improving the prospectivity of the project area by increasing the number of sites that may host prospective intrusive lithologies
- The company says drilling of the first target is progressing well, reaching 398 metres at January 18, with two drill crews on site
- St George Mining is up 4.05 per cent, trading at 7.7 cents at 11:02 am AEDT
Western Australian nickel company St George Mining (SGQ) has identified further nickel targets following a seismic survey at Mt Alexander in the north-eastern Goldfields in Western Australia.
The seismic survey was completed late last year at the company’s flagship project, which resulted in three new targets being added to St George’s portfolio of seismic targets.
St George reported the seismic data revealed an extensive network of cross-cutting structures, further improving the prospectivity of the project area by increasing the number of sites that may host prospective intrusive lithologies.
St George Mining Executive Chairman John Prineas said the seismic survey results are outstanding.
“With drilling already underway at S1, it is a great outcome to add to the pipeline of priority targets for drill testing in the current diamond drill programme,” Mr Prineas said.
“The high-grade discoveries already made in the Cathedrals Belt are proof that we have a fertile and highgrade mineral system.
“The sheer scale of the structural network now being revealed by the seismic data strongly supports the potential for further significant mineralisation in the project area.”
Meanwhile, St George Mining says drilling of the first target is progressing well, reaching 398 metres as of January 18.
Two drill crews are now on site, working around the clock.
St George Mining was up 4.05 per cent, trading at 7.7 cents at 11:02 am AEDT.