Latest assays from drilling at St George Mining’s Mt Alexander project in Western Australia have confirmed significant intersections of high grade nickel-copper-cobalt-PGE mineralisation.
Results from drilling completed late last year continue to show high-grade mineralisation at the Cathedrals Prospect where massive nickel-copper sulphides have been intersected from depths of 30m below surface.
Latest results show shallow mineralisation intersected including 3.28m at 5.77% nickel, 2.43% copper, 0.18% cobalt and 5.05g/t total PGEs from 52.75m including 1.9m @ 7.42% nickel, 3.45% copper, 0.23% cobalt and 5.61g/t total PGEs from 54.13m.
Another drill hole tested an off-hole downhole electromagnetic (DHEM) plate in the footwall fault, approximately 80m below the main Cathedrals ultramafic unit.
The holes intersected nickel-copper sulphides and successfully extended the known mineralisation at the Cathedrals Prospect, where the ultramafic and the footwall fault are interpreted from drill results to extend for a strike length of 400m.
“The mineralisation at the Cathedrals Prospect continues to impress with high grades and shallow depths to mineralisation,” St George Mining Executive Chairman John Prineas said.
St George is the manager of the Mt Alexander project with Western Areas retaining a 25% non-contributing interest in the Project (regarding E29/638 only) until there is a decision to mine.
Shares in St George (ASX:SGQ) were trading 7% higher at 24.5c in late afternoon trading.