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ST GEORGE MINING LIMITED - Corporate Spotlight

St George Mining Limited is a mining exploration company focused on creating shareholder... St George Mining Limited is a mining exploration company focused on creating shareholder value through the discovery of world class deposits. 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.More

Corporate Spotlight

St George Mining exposes investors to the exciting and ever evolving Nickel and Battery Minerals Sector by way of it’s high-grade nickel-copper sulphide project in the heart of Western Australia’s Goldfields.
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SGQ BEGINS MAIDEN DRILLING PROGRAM AT PATERSON

SGQ BEGINS DRILLING PROGRAM AT PATERSON

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St George Mining (ASX:SGQ) begins maiden drilling program at Paterson

Mining

ASX:SGQ 
St George Mining (ASX:SGQ) - Executive Chairman, John Prineas (centre) - The Market Herald
Executive Chairman, John Prineas (centre)


  • St George Mining (SGQ) has ushered in a new era at its wholly owned Paterson Project with the start of an inaugural drilling program
  • Located in the Paterson Province of Western Australia, the project consists of two exploration licenses — E45/5226 and E45/5422
  • The program is expected to take eight weeks to complete and will include around 10,000 metres of reverse circulation drilling across 50 holes
  • These holes will focus on testing high-priority targets that were identified during a gravity and airborne magnetic survey last year
  • St George Mining is up 1.22 per cent to 8.3 cents per share at 10.50 am AEST

St George Mining (SGQ) has ushered in a new era at its wholly owned Paterson Project with the start of an inaugural drilling program.

Located in the prolific Paterson Province of Western Australia, the project consists of two exploration licenses — E45/5226 and 


E45/5422 — and is surrounded by a number of significant copper and gold discoveries as well as land owned by the likes of Fortescue Metals, Rio Tinto, OZ Minerals and Newcrest Mining.


The program is expected to take eight weeks to complete, and will include around 10,000 metres of reverse circulation drilling across 50 holes.


These holes will focus on testing high-priority targets that were identified during a gravity and airborne magnetic survey last year, and which showed prominent geophysical features similar to those that host other precious and base metals discoveries in the region.


The cover at the site is interpreted to be between 100 and 200 metres, which St George says is much less than other areas of Paterson Province and potentially allows the company to expedite the drilling work at a lower cost.


"Our technical team has worked methodically to establish a number of high-priority exploration targets," Executive Chairman John Prineas said.


"These have never been drilled and offer St George an excellent opportunity to deliver a new discovery."


Mr Prineas also noted that the early-stage nature of the Paterson Project "perfectly complements" St George's more advanced Mt Alexander Project in the Goldfields region, where mine development plans continue to progress.


To read the full article on The Market Herald click here.

SQG INTERSECTS NICKEL-COPPER SULPHIDES

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St George Mining (ASX:SGQ) intersects further nickel-copper sulphides at Mt Alexander

Mining

ASX:SGQ
St George Mining (ASX:SGQ) - Executive Chairman, John Prineas (centre) - The Market Herald
Executive Chairman, John Prineas (centre)
Source: SGQ

  • St George Mining (SGQ) has intersected further high-grade nickel-copper sulphides at its flagship Mt Alexander Project in WA
  • Hole MAD201 was drilled to a depth of 470.1 metres to test an area below high-grade nickel-copper sulphides intersected in hole MAD199
  • This hole intersected 2.4 metres of nickel-copper sulphides from 434.6 metres
  • Additionally, a downhole electromagnetic survey has identified three very strong off-hole conductors close to MAD201
  • The conductors lie in close proximity to each other, suggesting they are associated with greater volumes of mineralisation.

St George Mining (SGQ) has intersected further high-grade nickel-copper sulphides at its flagship Mt Alexander Project.


The Mt Alexander Project lies 120 kilometres south-southwest of the Agnew Wiluna belt in Western Australia.


Hole MAD201 was drilled to a depth of 470.1 metres to test an area below high-grade nickel-copper sulphides intersected in hole MAD199.


MAD201 intersected a 16-metre-thick intrusive unit from 421.95 metres downhole and 2.4 metres of nickel-copper sulphides from 434.6 metres.


The mineralisation intersected correlated to a weak downhole electromagnetic (DHEM) conductor roughly 55 metres east from MAD201.


St George is undertaking a review of the conductor, as it can potentially be a vector to more high-grade sulphide mineralisation.


Additionally, a DHEM survey has identified three very strong off-hole conductors close to MAD201.


The conductors lie in close proximity to each other, suggesting they are associated with greater volumes of mineralisation.


"The mineralised intersection in MAD201 is an excellent result for the large step-out from the MAD199 discovery as it has identified a potential 125 metre down-plunge extent of mineralisation," Executive Chairman John Prineas said.


"The strong EM conductors identified from the downhole EM survey in MAD2021 further support the likelihood of assertional mineralisation being present in the area," he added.


St George is now in the process of drilling the Bulls-Eye gravity anomaly which was identified via a recent gravity survey.


Read the Full Article on The Market Herald here

SGQ COMPLETES $7M PLACEMENT

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St George Mining (ASX:SGQ) completes $7M placement

Mining

ASX:SGQ
St George Mining (ASX:SGQ) - Executive Chairman, John Prineas - The Market Herald
Executive Chairman, John Prineas
Source: The Market Herald

  • West Australian nickel company St George Mining (SGQ) has completed its $7 million private placement
  • More than 85.3 million fully paid ordinary shares have now been issued to institutional and sophisticated investors at 8.2 cents
  • Due to high investor demand, the placement was upsized by $2 million
  • St George will use the funds to underpin drilling and exploration activities at its flagship Mt Alexander Project in Western Australia

West Australian nickel company St George Mining (SGQ) has completed its $7 million private placement.


All up, 85,365,854 fully-paid ordinary shares have now been issued to institutional and sophisticated investors at 8.2 cents.


Due to high demand, the placement was upsized by $2 million and Argonaut and Canaccord Genuity acted as joint lead managers.


St George will use the funds to underpin drilling and exploration activities at its flagship Mt Alexander Project in Western Australia.


In mid-April, St George discovered high-grade nickel-copper sulphides at Mt Alexander.


A 10.96-metre interval of nickel-copper sulphides was intersected 333.6 metres downhole, confirming the high-grade nature of the project.


Drilling is continuing at the project with work testing electromagnetic conductors.


"We are very pleased with the strong investor backing which recognises the quality of the high-grade discoveries made at Mt Alexander as well as the significant exploration upside at our project," Executive Chairman John Prineas commented.


"Diamond drilling at Mt Alexander is ongoing with a strong pipeline of nickel-copper sulphide targets to be tested," he said.


"In addition to our priority focus on Mt Alexander, we are also gearing up for the maiden drill program at our Paterson Project to test a number of compelling copper and gold targets," he added.


Read the Full Article on The Market Herald here

NICKEL CONFERENCE PRESENTATION

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Australian Nickel Conference Presentation

ASX Release 6th October 2020]



ASX Release 6th October 2020]

SGQ RAISES $7M FOR MT ALEXANDER

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St George Mining (ASX:SGQ) raises $7M for Mt Alexander exploration

Mining

ASX:SGQ
St George Mining (ASX:SGQ) - Executive Chairman, John Prineas - The Market Herald
Executive Chairman, John Prineas
Source: St George Mining

  • St George Mining (SGQ) has received commitments to raise $7 million in capital to fund an ongoing exploration program at the Mt Alexander Project
  • Both institutional and sophisticated investors took part in the placement, which saw SGQ shares offered at 8.2 cents per share
  • The company's Executive Chairman said the extra cash will help SGQ "scope out the full mineral potential" at the WA-based asset
  • The successful capital raise also bolsters St George's balance sheet, with a recent quarterly report showing the company ended March with $2.24 million in the bank


St George Mining (SGQ) has received commitments to raise $7 million in capital to fund an ongoing exploration program at the Mt Alexander Project.


The mining stock first announced plans to raise additional capital back last week when it entered a trading halt ahead of the fundraiser.


The company's since announced it carried out a placement for institutional and sophisticated investors, with SGQ shares offered up at 8.2 cents per share.


SGQ also stated it plans to use the extra cash from the placement to step up exploration at its flagship high-grade nickel-copper sulphide project in WA's Goldfields Region.


"Recent results from drilling and geophysical surveys at the West End and Investigators Prospects have confirmed the potential for significant mineralisation at depth, below the shallow high-grade deposits already discovered," Executive Chairman John Prineas said.


"With this heavily oversubscribed placement, St George can now use its strong balance sheet to scope out the full mineral potential at the Mt Alexander Project," he added.


The company also confirmed some of the money will also go towards a maiden drill programme at its Paterson Project, which is scheduled to begin later this month.


Additionally, the capital raise has helped bolster St George's balance sheet, with a recent quarterly report showing the company ended March with $2.24 million in the bank.


SGQ burnt through $1.15 million on operating activities during the same three-month period, with $526,000 going towards exploration and evaluation costs.


Read the Full Article on The Market Herald here

SQG ENTERS TRADING HALT

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St George Mining (ASX:SGQ) enters trading halt following Mt Alexander gravity survey

ASX:SGQ
St George Mining (ASX:SGQ) - Executive Chairman, John Prineas - The Market Herald
Executive Chairman, John Prineas
Source: 121 Mining Investment TV [YouTube]

  • St George Mining (SGQ) has entered a trading halt for the purpose of considering, planning and executing a capital raise
  • The company will remain in the halt until May 3 or when an announcement is released, whichever occurs first
  • On April 27, St George completed a high-resolution ground gravity survey at its Mt Alexander Project in WA
  • The survey was undertaken at the West End and Investigators prospects and multiple gravity highs were recorded
  • The data supports the prospectivity of the area for nickel-copper sulphides and St George will undertake follow up drilling in due course


St George Mining (SGQ) has entered a trading halt for the purpose of considering, planning and executing a capital raise.


The company will remain in the halt until May 3 or when an announcement with more details is released, whichever occurs first.


St George is yet to disclose how much it intends to raise or what it will use the funds for.


On April 27, St George completed a high-resolution ground gravity survey at its Mt Alexander Project in Western Australia.


The survey was undertaken at the West End and Investigators prospects and multiple gravity highs were recorded.


The data supports the prospectivity of the area for nickel-copper sulphides and it builds on the initial discovery of nickel-copper sulphides made a few weeks ago.


One of the holes intersected a 10.96-metre-thick interval of nickel-copper sulphide from 333.6 metres, the deepest occurrence of sulphides identified to date.


This is pleasing as it indicates mineralisation continues at depth.


Step-out drilling has been planned to test the extent of the mineralisation with work set to begin in due course.


Read the Full Article on The Market Herald here

POTENTIAL GROWS AT SGQ MT ALEXANDER PROJ

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Potential grows at St George Mining’s (ASX:SGQ) Mt Alexander Project

Mining

ASX:SGQ
St George Mining (ASX:SGQ) - Executive Chairman, John Prineas - The Market Herald
Executive Chairman, John Prineas
Source: Bulls N’Bears

  • St George Mining (SGQ) has completed a high-resolution ground gravity survey at its Mt Alexander Project in WA’s Goldfields
  • The geophysical survey identified multiple new targets for nickel-copper sulphides at several project prospects
  • These results build on the encouraging initial discovery of nickel-copper sulphides at the project just two weeks ago
  • The company will plan and prioritise an additional drill programme to test the project’s new targets


St George Mining (SGQ) has completed a high-resolution ground gravity survey at its Mt Alexander Project in WA’s Goldfields.


The ground gravity survey was conducted specifically at the project’s West End and Investigators prospects and recorded multiple gravity highs. As a result of its geophysical surveys at Mt Alexander, the company has gained new data that supports the prospectivity of multiple new targets for nickel-copper sulphides.


In particular, the survey identified a number of gravity features along the mineralised trend of Investigators and at West End, in areas that have never been drilled. These gravity features included a string of large gravity highs, the largest of which is situated at the West End prospect. 


St George Mining’s Executive Chairman, John Prineas, expressed the company’s excitement about the gravity survey results, which could help advance targeting of nickel-copper sulphides in the Cathedrals Belt.


“A number of the gravity features are compelling drill targets for massive sulphides. These gravity highs are located within the interpreted trend of the mineralised intrusive host unit, an ideal location for dense massive sulphides,” he said.


“The concurrent use of downhole EM and drilling is continuing to provide a vector to mineralisation at depth. The multiple EM plates modelled around the new high-grade discovery in MAD199 support the potential for further high-grade mineralisation in this area,” he added.


These results build on the encouraging initial discovery of high-grade nickel-copper sulphides at the project approximately two weeks ago. On April 14, St George Mining discovered new sulphides at Mt Alexander, which have now been supplemented by these more recent findings. 


While drilling at the project is already ongoing, the company will plan and prioritise an additional drill programme to test the new targets. 


Read the Full Article on The Market Herald here

SGQ DISCOVERS NICKEL-COPPER SULPHIDES

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St George Mining (ASX:SGQ) discovers high-grade nickel–copper sulphides at Mt Alexander

Mining

ASX:SGQ   
St George Mining (ASX:SGQ) - Executive Chairman, John Prineas - The Market Herald
Executive Chairman, John Prineas

  • Western Australian nickel company St George Mining (SGQ) has discovered high-grade nickel–copper sulphides at its Mt Alexander Project in WA
  • Hole MAD199 has been drilled to a depth of 378.8 metres to test electromagnetic conductor MAD195_p1
  • Pleasingly, St George intersected a 10.96-metre interval of nickel–copper sulphides from a depth of 333.6 metres
  • This intersection is the deepest high-grade mineralisation identified to date
  • Hole MAD200 is now in progress and has been planned to a depth of 600 metres to test a moving-loop EM anomaly roughly 500 metres west of MAD199
  • Shares in St George have skyrocketed 48.7 per cent on the back of this news and are trading at 11 cents

Western Australian nickel company St George Mining (SGQ) has discovered high-grade nickel-copper sulphides at its Mt Alexander Project.


The Mt Alexander Project lies 120 kilometres south-southwest of the Agnew Wiluna belt in Western Australia. This belt hosts multiple world-class nickel deposits.


Hole MAD199 has been drilled to a depth of 378.8 metres to test electromagnetic (EM) conductor MAD195_p1.

This conductor measures 12 metres in length and a depth of 45 metres.


Pleasingly, St George intersected a 10.96-metre interval of nickel-copper sulphides from a depth of 333.6 metres, confirming the high-grade nature of the conductor.


This intersection is the deepest high-grade mineralisation identified to date.


A further two EM conductors which neighbour MAD195_p1 are also believed to have a massive sulphide source.

"We are delighted to have made another high-grade discovery with MAD199 and believe there is excellent potential to discover further high-grade mineralisation in other underexplored areas," Executive Chairman John Prineas commented.


"MAD199 has delivered an outstanding intersection of nickel-copper sulphides that may be indicating the presence of a large accumulation of mineralisation," he said.


Hole MAD200 is now in progress and has been planned to a depth of 600 metres to test a moving-loop EM anomaly roughly 500 metres west of MAD199.


Additionally, a downhole EM survey crew has arrived on site to completed surveys across holes MAD199, MAD197 and MAD198.


To read the full article on The Market Herald click here. 

ANNUAL REPORT TO SHAREHOLDERS

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St. George Mining Annual Report 2020

ASX Release 10 September 2020 



Chairman's Letter

“Dear Fellow Shareholders 

It is my pleasure to present the Annual Report of St George Mining Limited (ASX: SGQ) for 2020 – a significant year which saw the Company achieve key milestones on our growth agenda. 


At our flagship Mt Alexander Project, ongoing drilling and geophysical programmes during the year in review delivered another significant shallow discovery of nickel‐copper sulphides at the Radar Prospect – located in an unexplored section of the Cathedrals Belt and about 1.2km east of known mineralisation. 


This blind discovery extended the east‐west strike of known high‐grade mineralisation along the Cathedrals Belt to 5.5km encompassing four shallow discoveries at Investigators, Stricklands, Cathedrals and now Radar. 


Such an extensive strike of mineralisation is further confirmation of the large intrusive mineral system at the Cathedrals Belt and supports the potential for significant mineralisation to also be present at depth, below the shallow deposits already discovered. 


Drilling of deep targets has commenced with thick mineralised mafic‐ultramafic units intersected in multiple drill holes, successfully identifying a large target horizon for potential further nickel‐copper sulphide deposits at depth. Drilling continues in this highly anticipated programme. 


An important strategic initiative taken during the year was to commence a scoping study for a potential mining operation at the shallow high‐grade deposit at Stricklands. A resource drill‐out was completed with metallurgical and flowsheet analysis underway. 

Our strategy is to establish a low‐cost, high‐margin mining operation at Mt Alexander – initially to mine the Stricklands deposit and then rolling out the same model to the shallow high‐grade deposits at Investigators and Cathedrals. The early results from this scoping work are highly encouraging. 


We are also pleased to have established a new project in the Paterson Province. This is one of the most highly endowed mineral provinces in Australia but remains underexplored. A number of recent significant copper and gold discoveries – including at Rio Tinto’s Winu Project and at the Havieron Project being explored in joint venture by Greatland Gold and Newcrest – have ensured that the region is re‐emerging as a highly sought after exploration address with potential for world‐class discoveries. 


Geophysical surveys at our Paterson Project have identified several high priority targets. Drilling of these targets – scheduled for later this year – promises to be a very exciting time our Shareholders. 


I would like to thank our technical team for the professional job they have done in systematically advancing exploration at all our projects over the past year to bring about the key milestones achieved. These have established a strong platform for further exploration success and creation of Shareholder wealth. 


On behalf of the Board of Directors, I thank you – our Shareholders – for your continuing support. We look forward to an exciting year ahead.”


John Prineas 

Executive Chairman 


REVIEW OF OPERATIONS 

The Company’s operational activities during the year ending 30 June 2020 focused on exploration and development work at our flagship Mt Alexander Project in Western Australia’s north‐eastern Goldfields. Exploration also commenced at our new Paterson Project, an early stage project in a world‐class mineral district with excellent potential for a greenfields discovery. 

RADAR PROSPECT – A NEW DISCOVERY 

A significant shallow discovery of nickel‐copper sulphides was made during the second half of 2019 at the Radar Prospect – the fourth shallow high‐grade discovery at the Cathedrals Belt joining Stricklands, Investigators and Cathedrals. 


The Radar discovery was made in an unexplored section of the Cathedrals Belt situated 1.2km east of known mineralisation. It extends the strike of high‐grade mineralisation along the Belt to 5.5km and supports the prospectivity of more than 10km of underexplored strike of the Cathedrals Belt. 


MAD152, the discovery hole at Radar, returned assays of 6m @ 2.14%Ni, 0.74%Cu and 1.62g/t PGEs from 46m, including 2.55m @ 4.29%Ni, 1.46%Cu and 3g/t PGEs from 49.05mFollow‐up exploration at Radar is continuing to scope the full extent of deposit. 


Figure 1 – drill core from MAD152 with massive sulphides intersected from 49.05m downhole. 


The Radar discovery was made by drilling an electromagnetic (EM) conductor identified beneath 10m of transported cover and at a depth of 50m below surface. The discovery highlights the effectiveness of EM techniques in detecting ‘blind’ nickel‐copper sulphide mineralisation in the Cathedrals Belt. 

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Deeper drilling – new targets identified and fertile mafic‐ultramafic units confirmed: 

The increased strike of high‐grade mineralisation along the Cathedrals Belt confirmed by the Radar discovery is further evidence of the large mineral system at the Project. This strongly supports the potential to discover more mineralisation along the east‐west strike of the Belt – and also at depth in the down‐dip direction. 


In particular, an intrusive system like that at the Cathedrals Belt, is typically characterised by mineralised mafic‐ultramafic intrusions that can be present to significant depths – as seen in similar North American intrusive deposits such as Raglan (Northern Quebec) and Eagle (Michigan). 


Surface EM surveys cannot reliably see beyond 250m below surface at the Cathedrals Belt, an issue experienced by other nickel discoveries such as Nova in Western Australia and Raglan in Northern Quebec. 


Initial deeper drill holes at the Cathedrals Belt were completed in late 2019 to investigate the stratigraphy at depth. All holes successfully intersected nickel‐copper sulphides and/or the host mafic‐ultramafic intrusive stratigraphy – confirming the continuity of mineralisation down‐dip of the shallow high‐grade deposits. Downhole EM (DHEM) surveys in these deeper drill holes identified several off‐hole conductors, giving further support for the presence of significant sulphide mineralisation at depth. 


Magnetotelluric (MT) and Audio‐magnetotelluric (AMT) surveys, which can map structures and stratigraphy to 1.5km below surface and beyond, were completed at the Cathedrals Belt in the first half of 2020. These surveys identified large conductive features at depth – significantly, these are located below the extent of current drilling and down‐plunge of known nickel‐copper sulphide deposits near surface, an ideal geological position for the continuation of the shallow deposits. 


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Figure 2 – long section (east‐west, looking north) of the Cathedrals Belt with MT/AMT 3D inversion modelling of the survey data showing large conductive zones below the current extent of drilling. 


Initial drilling to test the MT/AMT targets has successfully intersected thick mineralised mafic‐ultramafic units, identifying a target horizon with an east‐west orientation and strike of more than 4km. The thickness of these units – upto 50m – and presence of magmatic nickel‐copper sulphides, supports the potential for significant massive sulphide mineralisation in this target horizon. 

Drilling and DHEM surveys are being used concurrently to further investigate the target horizon for nickel‐ copper sulphide deposits. 

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Figure 3 – schematic orthographic view of the Cathedrals Belt showing the large target horizon, the new discoveries in MAD181 and MAD183 as well as existing drilling and known massive nickel‐copper sulphides. 


PIPELINE OF UNDEREXPLORED TARGETS

Exploration is continuing at a number of underexplored areas including the Fish Hook and West End Prospects on the Cathedrals Belt. 

At Fish Hook, the MT/AMT surveys identified a large conductive feature at depth and co‐incident with the high‐order nickel‐copper soil anomaly at Fish Hook. Initial drilling in 2020 at Fish Hook was too shallow to test the MT target, and deeper drilling is being prioritised for Fish Hook. 

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Figure 4 – north‐south Cross Section A (looking east) of the Fish Hook Prospect with MT/AMT 3D inversion modelling of the survey data, showing a large conductive feature below the depth of recently completed drilling, and below the high‐order nickel‐copper soil anomaly. 

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The MT/AMT surveys also identified a strong conductive feature on exploration licence E29/548, the tenement immediately to the north of the area that hosts the Cathedrals Belt. Potentially, this feature could represent a similar structure to the Cathedrals Belt. Geophysical surveys and drilling will be planned for this target to further investigate the potential for mineralised ultramafics. 

The Mt Alexander Belt – the north‐south oriented belt to the south of the Cathedrals Belt – also hosts multiple underexplored targets. These include the Sultans Prospect where massive sulphide mineralisation has been intersected by drilling. Further drilling will be prioritised for the Mt Alexander Belt. 


STRICKLANDS – ADVANCE TO A MINE

Resource Definition: The resource drill‐out of the shallow, high‐grade nickel‐copper sulphide deposit at Stricklands was completed during the second quarter of 2020 with 52 holes for 4,077m of RC (reverse circulation) drilling. The deposit has been defined over an area that is approximately 450m long, 50m wide and 80m deep; see Figure 5 for a schematic diagram of the interpreted mineralisation at Stricklands. 


St George has appointed Entech as its external geological consultant to certify a maiden JORC resource estimate at the Mt Alexander Project. 


Eight PQ‐size diamond core drill holes were also completed at Stricklands for 661.6m of drilling. These drill holes will be used for metallurgical testwork and production flowsheet design. 


Laboratory assaying of drill samples is being completed in Perth. Metallurgical testwork on the core samples will be carried out by XPS (Expert Process Solutions) in Canada which will also develop a flowsheet for the potential mining and processing of the Stricklands ore. 


Figure 5 – schematic diagram of Stricklands (against TMI RTP 1VD magnetic data) showing the location of the RC and diamond drill holes completed as part of the resource development drill programme. 

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A key focus of the work by XPS will be to optimise economic recoveries of all metals in the Ni‐Cu‐Co‐PGE mineralisation at Stricklands – including the palladium, platinum and rhodium that form the bulk of the platinum group metals. 


XPS has industry leading expertise in metallurgical and processing services for polymetallic nickel sulphide mineralisation, which is more common in Canadian nickel sulphide deposits than in Australia. For example, the Raglan nickel sulphide mine in Northern Quebec, which is owned by the Glencore Group, has a similar polymetallic suite of metals to the Mt Alexander ore. 

XPS is a part of the Glencore Group and based in Falconbridge, Ontario, Canada 


Scoping study: The resource definition and metallurgical testwork will underpin the scoping study assessing a potential mining operation at Stricklands. The study will consider the potential for a high‐ margin mine that can be developed with very low capital costs and a simple open‐pit mining operation. 


The scoping study is initially focused on the Stricklands deposit which is assessed as potentially having the simplest mining operation of the four shallow deposits at the Cathedrals Belt. 


Once the feasibility of a mining operation at Stricklands is established, studies will also be considered for a similar low cost, high margin mine at the shallow high‐grade deposits at Investigators and Cathedrals. 


Figure 6 – photographs of drill core from STD008, one of the metallurgical holes completed at Stricklands. STD008 intersected 14.05m of nickel‐copper sulphides from 36.7m downhole. The mineralised interval included massive sulphides (90‐100% sulphides) between 36.7m to 46m (photo on right) and brecciated textured sulphides (50‐75% sulphides) from 46m to 50.75m (photo on left). 

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About the Mt Alexander Project: 

The Mt Alexander Project is located 120km south‐southwest of the Agnew‐Wiluna Belt, which hosts numerous world‐class nickel deposits. The Project comprises five granted exploration licences – E29/638, E29/548, E29/962, E29/954, E29/972 and E29/1041. 


The Cathedrals, Stricklands, Investigators and Radar nickel‐copper‐cobalt‐PGE discoveries are located on E29/638, which is held in joint venture by St George Mining Limited (75%) and Western Areas Limited (25%). St George is the Manager of the Project, with Western Areas retaining a 25% non‐contributing interest in the Project (in regard to E29/638 only) until there is a decision to mine. 


St George secured ground in the Paterson Province on 17 December 2019 with the grant of Exploration Licence E45/5226. A second tenement, Exploration Licence E45/5422, was granted to St George on 10 July 2020. Figure 7 illustrates the regional location of the new St George tenements.


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Figure 7 – map showing St George’s tenements in the Paterson Province as well as other projects in the region. 


The Paterson Province is one of the most highly endowed mineral provinces in Australia, and hosts the giant Nifty (2Mt Cu) and Telfer (27M oz Au) deposits. 


The region remains underexplored with a number of significant discoveries recently announced including Rio Tinto’s Winu Project and Newcrest’s Havieron Project (in joint venture with Greatland Gold). 


E45/5226 covers more than 35km strike of prospective stratigraphy, with potential similarities to the stratigraphy that hosts the mineralisation at Winu, Nifty and Telfer. 


St George completed a close‐spaced airborne magnetic survey at this tenement in March 2020 with more than 4,000 line km flown with a line spacing of 100m. 


The high‐resolution data produced by the survey identified extensive magnetic units, interpreted to be sedimentary, throughout the 35km strike of the tenement – including sections with tectonic elements that are prospective areas to host mineral deposits; see Figure 8. 


A gravity survey was also completed over E45/5226 in June 2020. The survey was carried out on 200m spacing, with 3,403 stations. 

The gravity data acquired from the survey is currently being assessed. A preliminary review of the data has identified several areas of anomalism, including some that are coincident with highly prospective tectonic features and stratigraphic settings. 


A detailed integration and review of the geophysical surveys will be completed to design drill targets for the maiden drill campaign at the Paterson Project – scheduled for Q4 2020. 


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Figure 8 – new high resolution magnetic data (1VD greyscale) for St George’s E45/5226 set against regional magnetic data (TMI). 

Multiple areas of interest have been identified and will be prioritised for further exploration and drill testing. 


The East Laverton Project covers approximately 2,000 sq km and hosts a number of important structures and stratigraphic sequences that are interpreted to be prospective for gold and base metal mineralisation. 


A project scale review and targeting exercise was completed during the year. The review was conducted by our technical team in conjunction with geological consultants CSA Global. 


A number of high quality gold and VMS base metal targets were identified, with further exploration recommended. 


St George believes that the Project areas remain underexplored, and we are considering further exploration as well as strategic options for the 100%‐owned East Laverton Project. 


Read The Full Annual Report Here.  


SGQ: UPDATES MARKET ON MT ALEXANDER WORK

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St George Mining (ASX:SGQ) updates market on Mt Alexander work

Mining

ASX:SGQ  

8 March 2021 10:50



  • •St George Mining (SGQ) has received additional results from its flagship Mt Alexander Project in Western Australia
  • •Furthermore, the nickel company has updated the market on its ongoing 24/7 drilling program at electromagnetic (EM) 
  •  conductors as well as its soil survey program
  • •Hole MAD195 is in the process of being drilled and is currently at a depth of 315.4 metres
  • •St George expects to intersect the EM plate at 340 metres and a second rig is expected to arrive later in the week to allow for 24/7
  •  drilling
  • •In February, seven diamond core holes were drilled at the Stricklands deposit to provide samples for metallurgical testwork
  • •Core has been cut and sampled with the final product to be used to create a master sample that will represent the life of mine   feed  for potential mining operations at the deposit
  • •Finally, a soil survey is currently underway at exploration licence E29/1041, which aims to test an area where previous rock chip 
  •  sampling returned elevated levels of nickel and copper


St George Mining (SGQ) has received additional results from its flagship Mt Alexander Project in Western Australia.

Furthermore, the nickel company has updated the market on its ongoing 24/7 drilling program at electromagnetic (EM) conductors as well as its soil survey program.


"Field work is in full swing at Mt Alexander with two diamond core rigs drilling, a soil survey in progress and preparations underway for aeromagnetic and moving loop ground EM surveys," Executive Chairman John Prineas said.


"We are very pleased with the latest petrographic analysis, which has again identified intrusive rocks that are not typically seen in the Yilgarn but are known to host significant nickel sulphide deposits in other parts of Western Australia," he added.


EM drilling

St George is continuing to drill hole MAD195 which is currently at a depth of 315.4 metres downhole. The company expects to intersect the EM plate at 340 metres downhole.


This hole is targeting a 33,100 siemens conductor that was identified via a downhole electromagnetic at hole MAD185.

A second rig is expected to arrive later in the week to allow for 24/7 drilling.


This second rig is currently at hole MAD196 and at a depth of 118.1 metres with the EM plate expected to be intersected at 505 metres downhole.


Strickland results

In February, seven diamond core holes were drilled at the Stricklands deposit to provide samples for metallurgical testwork.

Core has been cut and sampled with roughly 300 kilograms in transit to XPS in Canada for analysis.


These samples will be used to create a master sample that will represent the life-of-mine feed for potential mining operations at Stricklands.


Best results include 6.86 per cent nickel and 0.61 per cent copper from 40.2 metres to 41.7 metres and 4.92 per cent nickel and 5.4 per cent copper from 48.2 metres to 48.9 metres.


Petrographic analysis

Petrographic analysis was undertaken at hole MAD31 to follow up work completed at MAD181.


A petrographic analysis investigates the chemical and physical features of a rock sample to identify the mineral components.


Analysis was carried out to a depth to 160 metres and intersected more than five meters of nickel-copper sulphide mineralisation.


A high-grade result of 1.57 metres at 6.26 per cent nickel, 2.71 per cent copper, 0.18 per cent cobalt and 4.91g/t platinum group element from 111.67 metres was returned.


Soil survey

A soil survey is currently underway at exploration licence E29/1041, and St George is aiming to collect 900 samples.


The work will test an area where previous rock chip sampling returned elevated levels of nickel and copper.


Read the full article on The Market Herald here

Q3 SEES BIG GAINS FOR ST GEORGE

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St George Mining Posts Solid Exploration Progress Across Q1 FY21

St George Mining (ASX:SGQ) - Executive Chairman, John Prineas (centre) - The Market Herald



  • St George Mining (SGQ) has made solid progress over the September quarter as it continues exploration at two key projects

  • The company has had considerable early exploration success at its Mt Alexander nickel-copper project and its Paterson copper-gold project

  • Deep diamond drilling at Mt Alexander is continuing to reveal promising intrusive structures across more than 4 kilometres of strike

  • A scoping study is underway for a potential starter mine at the polymetallic Stricklands prospect

  • Airborne surveys across the Paterson project have identified several targets similar to others known to host major discoveries in the region

  • With over $6.3 million in the bank, the company is well positioned to continue exploration across its key holdings


St George Mining (SGQ) has made solid progress across the September quarter as it continues exploration at two key projects.

The company has enjoyed considerable exploration success at its Mt Alexander nickel-copper project and has taken significant early strides at its Paterson copper-gold project.

Mt Alexander

St George has been conducting deep diamond drilling across more than four kilometres of strike east-west along the Cathedrals Belt.

The area contains nickel-copper sulphide intrusives across the strike length and remains open to the east and west.

A number of thick intercepts will be further explored as exploration continues.

Significant electromagnetic conductors have also been identified, which will be probed further with subsequent drilling. The presence of the conductors — the deepest found so far — would confirm the continuity of the high-grade mineralisation at depth and upgrade the western extension of the Cathedrals Belt.

The company has made progress on its scoping study for a potential starter mine at the polymetallic Stricklands prospect.

Testwork is being conducted to find the best methods to exploit the nickel, copper, cobalt and platinum group element mineralisation present there to value-add to the prospect's potential.

Metallurgical testwork at the Investigators prospect is also continuing apace, with largely positive results.

Paterson project

St George has two granted exploration licences in the highly sought-after Paterson province, encompassing around 445 square kilometres of prospective tenure.

The region has already had interest from some large mining companies including Rio Tinto and Newcrest. Junior explorers have also had some success entering into lucrative farm-in deals for prospective tenements.

St George completed a high-resolution gravity and airborne magnetic survey across one of its licences and identified a number of targets similar to others which are known to host major discoveries in the region.

A drill campaign has been designed to test the key areas and high priority targets at the project, and a programme of works has been approved by the Department of Mining.

A heritage survey is scheduled for completion ahead of any drilling in early 2021.

Outlook

With over $6.3 million in the bank, the company is well positioned to continue exploration across its key holdings.

At current spending levels, St George has over three quarters of funding available.


SEE FULL ARTICLE HERE

VIDEOS

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SGQ begings maiden drilling program at Paterson




SQG discovers nickel at Mt Alexander




St. George discovers high-grade nickel-copper sulphides at Mt Alexander


St. George Updates market on Mt Alexander work 


St. George detects further strong EM anomalies at Mt Alexander - Interview with John Prineas, St. George Mining - October 2020


St. George detects further strong EM anomalies at Mt Alexander


The Market Herald Live - St George Mining Progresses works at Mt Alexander - July





The Market Herald Bulletin:  SGQ commences its drilling program at Mt. Alexander




The Market Herald Bulletin: SGQ Identifies Exciting Nickel-Copper Sulphide Targets at Mt Alexander - 22nd April 2020





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