St George Mining (ASX:SGQ) - Executive Chairman, John Prineas (centre)
Executive Chairman, John Prineas (centre)
Source: St George Mining
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  • St George Mining (SGQ) has provided a drilling and resource development update for the Mt Alexander Project in the northeastern Goldfields of WA
  • The miner drilled 52 holes for 4077 metres at the Stricklands deposit and samples have been sent for assaying
  • The data will be used for a JORC-compliant resource estimate and then assist in planning a potential mining operation
  • Additionally, eight PQ-size diamond core holes have been drilled and will be used for metallurgical and geotechnical work
  • Furthermore, St George has begun drilling the first deep hole to test the large conductive target identified at the Investigators prospect
  • Company shares are trading flat at 12 cents each

St George Mining (SGQ) has provided a drilling and resource development update for the Mt Alexander Project in the northeastern Goldfields of Western Australia.

Resource development at Stricklands

Resource drilling at the shallow, high-grade nickel-copper sulphide Stricklands deposit has concluded. A total of 52 reverse circulation (RC) holes for 4077 metres were drilled and samples have been sent for assaying.

Shallow mineralisation at Stricklands has been defined over a 450-metre strike length and is 50 metres wide and 80 metres deep.

St George has outsourced a geological consultancy to issue a JORC-compliant resource estimate for the deposit and will receive all drill and assay data once they’re available. Once the resource estimate is released, it will be used in the scoping study for a potential mining operation at Mt Alexander.

Additionally, eight PQ-size diamond core holes, for 661.6 metres, have been drilled at Stricklands. These drill holes will be used for metallurgical and geotechnical work.

“We are very pleased to have completed the resource drill-out at Stricklands as well as the metallurgical holes required for resource development work,” Executive Chairman John Prineas said.

“These are important milestones for the scoping study into a potential starter mine at Mt Alexander,” John added.

Deep drilling at Investigators

St George began drilling the MAD180 magnetotelluric (MT) target yesterday. This marks the first deep hole which is designed to test the large conductive feature that was identified at Investigators by the MT and audi-frequency magnetotelluric (AMT) surveys.

The hole will be drilled to a planned 800-metre depth and is located below and to the north of the shallow high-grade mineralisation already discovered at Investigators.

The drilling of this hole was co-funded by the grant awarded to St George by the Western Australian Government under its Exploration Incentive Scheme (EIS).

Drill hole MAD179 was completed at Investigators last week to test a broad electromagnetic (EM) anomaly identified by a moving loop EM (MLEM) survey that was completed earlier this year.

Encouragingly, this hole intersected intrusive rocks which are typically part of the sequence of rocks that host nickel-copper sulphides in the Cathedrals Belt at Mt Alexander.

These findings also confirm that the mineral system continues at depth and supports the potential of further nickel-copper sulphides at depth.

A downhole EM (DHEM) survey will be completed in MAD179 to probe for any conductive material around the hole that may indicate further sulphide mineralisation.

“A second diamond rig is scheduled to arrive at site shortly, which will accelerate testing of these new and exciting deep conductive targets,” John stated.

Company shares are trading flat at 12 cents each at 11:30 am AEST.

SGQ by the numbers
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