SGQ 0.00% 2.5¢ st george mining limited

Ann: Massive Nickel-Copper Sulphides at Stricklands-SGQ.AX, page-3

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    ST GEORGE INTERSECTS MASSIVE NICKEL-COPPER SULPHIDES IN MAIDEN DRILLING
    AT STRICKLANDS PROSPECT
    HIGHLIGHTS:
    • Massive nickel-copper sulphides discovered in first ever drilling completed at Stricklands
    Prospect
    • Three previously untested electromagnetic (EM) conductors have been drilled with all
    three drill holes intersecting nickel-copper sulphide mineralisation
    • High grade mineralisation intersected at shallow depths 50m below surface
    • Downhole EM and geological modelling to provide additional exploration targets
    • Continued high success rate of drilling EM conductors provides strong potential for
    further exploration success
    MASSIVE NICKEL-COPPER SULPHIDES AT STRICKLANDS
    St George Mining Limited (ASX: SGQ) (‘St George Mining’ or ‘the Company’) is pleased to announce that
    massive nickel-copper sulphides have been intersected in the first ever drilling at the Stricklands Prospect in
    the Mt Alexander Project in Western Australia.
    Drill holes MAD20, MAD22 and MAD23 targeted separate modelled EM conductors at the Stricklands
    Prospect, and all three have intersected nickel-copper sulphide mineralisation at shallow depths.

    St George Mining Executive Chairman, John Prineas said:

    “The discovery of massive nickel-copper sulphides in the first ever drill programme at Stricklands
    illustrates the strong potential that exists for additional new discoveries at Mt Alexander.
    “The effectiveness of EM techniques and our rapidly increasing knowledge of the geology of the region
    are substantially enhancing the prospectivity of the project.
    “With more EM targets being defined and drilling ongoing, we are in an excellent position to deliver
    further exploration success.”
    MAD20 was completed to a downhole depth of 100.1m and intersected approximately 7.9m of ultramafichosted
    sulphide mineralisation from 46.5m to 54.45m which comprises:

    • 3.8m, from 46.5-50.3m, of weak-moderate disseminated sulphides
    • 1.65m, from 51.9-53.55m, of moderate increasing to heavy disseminated sulphides
    • 0.45m, from 53.55-53.95m, of matrix and stringer sulphides (spot XRF reading of 2.3%Ni, 0.5%Cu)
    • 0.5m, from 53.95-54.45m, of massive sulphide (spot XRF readings average 4.6%Ni, 1.9%Cu)
 
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