Hi @mitis@rhsurfer
You two must have read a different announcement to the one published this morning as I found today’s announcement very encouraging and further reason to be excited.
St George has hit further sulphides with some massive sulphides at depth.This makes 3 consecutive at depth sulphide hits even though they have missed all 3 target EM plates.The MAD173 hole deviated 10m (which is huge in the scheme of things) and yet it still hit 11.2m of nickel sulphides including 0.23m of massive sulphides and MAD 174 hit 4.57m of nickel sulphide including 0.36m of massive sulphide.Sure this isn’t much massive sulphide, but the results prove they are there along with lots of disseminated and blebby sulphides even though they missed the 3 targets at depth.
Also the last 3 drilling results confirm an east-west strike of nickel-copper sulphide mineralisation at depth for more than 800m with down plunge high-grade mineralisation increased to more than 300m.This is HUGE imo.
Imo St George is looking more and more attractive and compelling with every announcement and we will soon be well rewarded.
Some very positive and important extracts from today’s announcement:
MAD173 and MAD174 are large step-out holes located down-dipat the Investigators Prospect and,together with MAD172, confirm an east-west strike of nickel-copper sulphide mineralisation at depth for more than 800m.
Down-plunge extent of high-grade mineralisation is increased to more than 300m with mineralisation open to the north-west and in the down-dip direction Style of mineralisationintersected isconsistent with mineralisation that has been structurally remobilised from a larger and proximal source of high-grade nickel-copper sulphides
Drilling of deeper EM conductors has delivered more thick intercepts of high-grade mineralisation.
Drill holes MAD173 and MAD174 have intersected nickel-copper sulphide mineralisation along the down- dip extensionof the Investigators ultramafic unitat depths not previously explored.
Together with MAD172 – reported in our ASX Release dated 12 November 2019‘Thick Intercept in Deeper Drilling of Conductors’–the drill holes establish a deeper east-west strike of high-grade mineralisation of more than 800m.
The shallow nickel-copper sulphide deposits atInvestigators commence 30mfrom surface. The latest intersectionsincrease the down-plunge extent of high-grade mineralisation to more than 300m.
“These drill results arefurther evidence of the large high-grade mineral systemat the Cathedrals Belt, withsignificant down-plunge extensions established and mineralisation open in the down-dip direction. With only limited drilling at depth, we believe there isstrong potential to significantly increase the scale of defined mineralisation, both along strike and at depth.”
MAD173 intersected 11.2mof nickel-copper sulphides from263.1m downhole:
263.1m todepth272.36mUltramafic with disseminated sulphides and blebby sulphides increasing with (5-10% sulphides comprising pentlandite (pn), chalcopyrite (cp) and pyrrhotite (po)
272.36m to 272.43mMassive sulphides with average XRF readings of 0.4% Ni and 11.8% Cu* (100% sulphides comprising pn, cp, po)
272.43m to 274.14mUltramafic with disseminated sulphides (10% sulphides comprising pn, cp, po)
274.14m to 274.3mMassive sulphides with average XRF readings of7.2% Niand 3.88 %Cu* (100% sulphides comprising pn, cp, po)
The target EM plate was modelled withconductivity of 10,000 Siemens, which is consistent with massive sulphides.
Whilst successfully intersecting nickel-copper sulphides, the drill hole diverted over 10m from the planned trajectory and did not intersect the target EM plate. This suggests that there is potential foradditional massive sulphides proximal to MAD173.
The chalcopyrite (copper sulphide) observed in the mineralisation intersected by the recent deeper holes, including MAD173, appears to be of a higher proportion of the total sulphides typically seen elsewhere in the Cathedrals Belt.
As chalcopyrite is generally more readily remobilised than pentlandite(nickel sulphide), this mayindicate that the mineralisation intersected by these holes has been sourced from a nearby and larger accumulation of nickel-copper sulphides. Importantly, the drilling is open at depth and to the north-west.
MAD174 intersected 4.57mof nickel-copper sulphides from223.45m downhole:
223.45m to 225.58mUltramafic with rare disseminated sulphides (<5% sulphides comprising pentlandite (pn), chalcopyrite (cp) and pyrrhotite (po)
225.58m to 225.94mMassive and stringer sulphides (80% sulphides comprising pn, cp and po)
225.94m to 227.64mUltramafic with stringer sulphides and strongly disseminated sulphides (30% sulphides comprising pn, cp, po)
227.64m to 228.02mUltramafic with occasional stringer sulphides and weakly disseminated sulphides (10% sulphides comprising pn, cp, po)
Themineralisation intersected by MAD174 may not fully account for the strong target conductor.
The current drilling is located within an area ofstrong SAMSON EM anomalism which has not yet been explained by drilling, and is interpreted as likely to be related to further nickel-copper sulphide mineralisation.
These holes have successfully intersected sulphide mineralisation at depth, possibly adding asignificant volume of mineralisation to a potential resourceat this Prospect and indicatingsignificant further exploration upside down-dip.
Happy Days
SandyC
(20min delay)