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Breaking News on Drill Results

Drill holes MAD126 and MAD127 deliver outstanding intercepts of thick high-grade nickel-copper sulphides with assays confirming:

MAD126:

7.86m @ 5.70%Ni, 2.11%Cu and 0.18%Co from 184m
including the massive sulphide interval of
5.25m @ 6.95%Ni, 2.67%Cu and 0.23%Co from 185m

MAD127:

8.49m @ 5.78%Ni, 2.64%Cu and 0.18%Co from 183.9m
including the massive sulphide interval of
6.39m @ 6.48%Ni, 2.77%Cu and 0.21%Co from 184.42m

Photo of MAD126 drill core                   

Video of MAD126 drill core                   

Video of MAD127 drill core                   


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

                including

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

                including

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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