Ann: Seismic Delivers Another Standout Target at Mt Alexander, page-2

Be nice to get some input from a geo - my personal view - we are finally homing in on the big one!

And just BTW - a screaming buy!

9 December 2021
SEISMIC DELIVERS ANOTHER STAND-OUT TARGET AT MT ALEXANDERHIG
HIGHLIGHTS
• Modelling and interpretation of the seismic survey data has identified a new, large
target – named S2 – in an underexplored intrusive structure located to the north, and
parallel to, the highly mineralised Cathedrals Belt
• S2 has a dip extent of more than 400m commencing from about 350m below surface
• The seismic properties of S2 are consistent with those of the new, large target (named
S1) identified by the seismic survey over the Cathedrals Belt and announced in our ASX
Release dated 1 December 2021 ‘Seismic Results Unlock Stand-Out Targets’
• S2 is rated as a priority target for the potential discovery of a large-scale Ni-Cu-PGE
deposit and will be drilled in the next diamond drilling program, scheduled to commence
in late January
Growth-focused Western Australian nickel company St George Mining Limited (ASX: SGQ) (“St George” or
“the Company”) is pleased to announce another significant target for nickel-copper sulphides identified
from the seismic survey recently completed at its flagship high-grade Mt Alexander Project, located in the
north-eastern Goldfields.
John Prineas, St George Mining’s Executive Chairman, said:
“Our first-ever seismic survey at Mt Alexander continues to deliver strong results with another outstanding
new target for a potential massive sulphide deposit.
“The north-south seismic lines completed at Mt Alexander straddled the Cathedrals Belt and stretched to
the north into our 100%-owned Exploration Licence 29/548, where an underexplored east-west oriented
structure – the Transits Belt – has been identified by shallow drilling. Importantly, Cathedrals Belt style
host lithologies were also confirmed in the drilling.
“The seismic data has mapped the Transits Belt structure as dipping to the north, similar to the highly
mineralised intrusive-host structure in the Cathedrals Belt to the south.
“S2 – the new, large target identified in the Transits Belt – has the same seismic properties as S1 in the
Cathedrals Belt and just like S1 is interpreted to be a target for massive nickel-copper sulphides.
“We are very excited to have two robust targets lined up for immediate drilling in our 2022 diamond drill
programme.”