St George Mining (ASX:SGQ) - Executive Chairman, John Prineas
Executive Chairman, John Prineas
Source: The Market Herald
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  • St George Mining (SGQ) has provided updates on drilling and exploration at its Mt Alexander Project in Western Australia
  • Both reverse circulation and diamond drilling is currently underway, with particular focus on the Stricklands prospect
  • Meaanwhile, recent surveys across the Cathedrals Belt have identified prominent conductive features and drilling will soon be undertaken to test them
  • Additionally, recently-hired Entech will begin a maiden JORC compliant mineral resource at Stricklands this week
  • Once completed, this resource estimate will be used to form a scoping study for a potential starter mine at Mt Alexander
  • St George also announced that it has been successful in its application for co-funding for deep drilling at the Cathedrals Belt
  • The company will receive a maximum of $150,000 from the Western Australian Government’s Exploration Incentive Scheme
  • St George is steady on the market today and shares are trading for 11 cents each

St George Mining (SGQ) has provided updates on drilling and exploration at its Mt Alexander Project in Western Australia.

The project is located 120 kilometres south-southwest of the Agnew Wiluna belt, which hosts numerous world-class nickel deposits.

Mt Alexander drilling

Both reverse circulation and diamond drilling is currently underway at the project, with particular focus on the Stricklands prospect.

More than 1500 metres of RC drilling has been completed, while six diamond core holes have been drilled.

MT and AMT surveys

As announced in April, St George outlined new nickel-copper sulphide targets via MT (magnetotelluric) and AMT (audio-magnetotelluric) surveys.

These surveys were completed over the length of the Cathedrals Belt, which lies 10 kilometres east from the West End prospect.

Last month more MT and AMT surveys were carried out over the Cathedrals Belt and data has identified prominent conductive features across the belt, as well as the Investigators, Fairbridge, Cathedrals, and Fish Hook prospects.

These prospects will be drilled in St George’s upcoming drilling program.

Resource definition

Entech, who was hired by St George to estimate a maiden JORC compliant mineral resource at Stricklands, will begin work this week.

Once completed, this resource estimate will be used to form a scoping study for a potential starter mine at Mt Alexander.

This resource estimate is excepted to finish in the fourth quarter of 2020, and the scoping study will conclude as soon as possible after that.

Metallurgical test work

As part of the scoping study, St George has hired Expert Process Solutions to assess the metallurgical performance of the mineralisation at Strickland and create a flowsheet for the mining and processing of ore.

Drilling grant

St George also announced that it has also been successful in its application for co-funding deep drilling at the Cathedrals Belt.

The company will receive a maximum of $150,000 from the Western Australian Government’s Exploration Incentive Scheme.

“Mt Alexander is a hive of activity, with both diamond and RC drilling progressing smoothly,” Executive Chairman John Prineas commented.

“The modelling of the MT survey data continues to deliver high-quality targets for the potential discovery of nickel-copper sulphide, and we are excited to be starting the drilling of these targets this week,” he said.

“The scoping study for a mining operation at Mt Alexander is also advancing with important milestones being delivered by the RC drilling and metallurgical holes at Stricklands,” John added.

St George is steady on the market today and shares are trading for 11 cents each at 12:03 pm AEST.

SGQ by the numbers
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