St George Mining Limited is a mining exploration company focused on creating shareholder value through the discovery of world class deposits.
Breaking News on Drill Results
Drill holes MAD126 and MAD127 deliver outstanding intercepts at Mt Alexander:
14.37m mineralised interval from 177.5m downhole
5.25m of massive sulphides with average XRF readings of 8.8%Ni and 4.5%Cu (assays pending)
12.02m mineralised interval from 180.37m downhole
6.39m of massive sulphides with average readings of 8.03%Ni and 5.06%Cu (assays pending)
At its flagship Mt Alexander Project in Western Australia, St George boasts Australia’s latest nickel-copper sulphide discovery. High-grade nickel-copper-sulphide-PGE mineralisation occurs from just 30m below surface and over a 4.5km strike of the Cathedrals Belt.
The discovery continues to grow with ongoing definition drilling delivering further significant intersections of high grade mineralisation including:
MAD71 (Stricklands Prospect):
17.45m @ 3.01%Ni, 1.31%Cu, 0.13%Co and 1.68g/t total PGEs from 37.45m
including the massive sulphide zones of:
5.3m @ 4.39%Ni, 1.45%Cu, 0.21%Co and 2.09g/t total PGEs from 39.3m;
2.02m @ 5.05%Ni, 2.01%Cu, 0.21%Co and 3.31g/t total PGEs from 50.6m; and
0.5m @ 3.68%Ni, 3.9%Cu, 0.17%Co and 2.68g/t total PGEs from 54.4m.
MAD56 (Cathedrals Prospect):
7.5m @ 3.90%Ni, 1.74%Cu, 0.12%Co and 3.32g/t total PGEs from 57.8m
3.15m @ 6.36%Ni, 2.92%Cu, 0.20%Co and 5.03g/t total PGEs from 61.81m
MAD60 (Investigators Prospect):
5.3m @ 4.95%Ni, 2.75%Cu, 0.16%Co and 4.55g/t total PGEs from 157.9m
3m @ 6.40%Ni, 3.55%Cu, 0.21%Co and 5.25g/t total PGEs from 159.38m
This major discovery comes at a time when the electric vehicle (EV) revolution and trend to alternative energy storage systems is gaining momentum Demand for nickel sulphide – a critical battery metal – is forecast to surge with an upswing in the nickel price already underway.
Preliminary metallurgical tests of the massive sulphides at Mt Alexander produced concentrate with 18% nickel and 32% copper with high values for cobalt and PGEs.
The excellent exploration results at Mt Alexander build confidence in the resource potential at the Project and support Mt Alexander emerging as a major new nickel sulphide camp in Western Australia.
At our other projects – the East Laverton and Hawaii Projects - St George has established a large pipeline of gold and nickel sulphide prospects that provide considerable further exploration upside for the company.
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We will respond promptly to your enquiry and look forward to being of service to you.