St George Mining Limited announces an outstanding intersection of nickel-copper sulphide mineralisation at the Mt Alexander Project.
Drill hole MAD71 at the Stricklands Prospect has intersected:
- 17m of nickel-copper sulphide mineralisation from 37.5m downhole comprising massive, matrix, stringer, brecciated and disseminated nickel sulphides, with
- massive nickel-copper sulphides comprising a total of 10.1m of the overall intersection
MAD71 was drilled within a large SAMSON EM anomaly (200m x 150m) at Stricklands. The mineralisation is open to the north and west, where much of the EM anomaly remains untested.
A downhole EM (DHEM) survey will be completed in MAD71 later this week, and further drilling at Stricklands will be prioritised after review of the survey data.
St George Mining Executive Chairman, John Prineas said:
“The results in MAD71 are outstanding with thick widths of high grade mineralisation at shallow depths. This is very favourable for the economics of a potential mining operation at Mt Alexander."
Read the full announcement here.