Ann: Soil Assays Confirm New Ni-Cu Target at Mt Alexander, page-2

2 August 2021
SOIL ASSAYS HIGHLIGHT EXCITING POTENTIAL FOR NICKEL-COPPER SULPHIDE
MINERALISATION IN UNEXPLORED AREA OF MT ALEXANDER
• Assays for the soil geochemical survey in progress at St George’s 100% owned E29/1041
return highly anomalous values for nickel, copper and chromium
• Anomalous soil values overlie a strong magnetic linear trend that is interpreted to
represent a series of intrusive units
• Soil anomaly has a strike of more than 1,600m, with assay values for nickel and copper
exceeding those observed in soil surveys at the nickel-copper sulphide-bearing Cathedrals
Belt
• The shape and distribution of the anomalous soil values match the shape of the magnetic
trend, further supporting the interpretation that the magnetic feature may represent a
fertile intrusive unit similar to the highly mineralised Cathedrals Belt
• Drilling at the new Carnac Prospect on E29/1041 is scheduled for mid to late August
Growth-focused Western Australian nickel company St George Mining Limited (ASX: SGQ) (“St George” or
“the Company”) is pleased to announce the identification of a highly anomalous nickel-copper soil anomaly
in an unexplored area at its flagship Mt Alexander Project, located in the north-eastern Goldfields.


John Prineas, St George Mining’s Executive Chairman, said:
“The results of the soil survey at E29/1041 are very exciting and warrant high-priority follow-up at this
unexplored area of the Mt Alexander Project.
“The peak soil values at E29/1041 are coincident with the strong magnetic features and provide a compelling
target for potential nickel-copper sulphide mineralisation.
“These anomalous soil values are higher than anything we have seen at the Cathedrals Belt, where a number
of high-grade nickel-copper sulphide discoveries have already been made.
“The drill rig currently engaged at our Paterson Project has another two weeks’ work to do there before it
will be mobilised to Mt Alexander to begin drilling on E29/1041 – at the newly named Carnac Prospect.
“Drilling and exploration to date at Mt Alexander has successfully focused on the Cathedrals Belt, where
numerous discoveries of high-grade nickel-copper sulphides have been made.
“That success has encouraged us to ramp up field work across the broader Mt Alexander tenement package
and we are delighted that our systematic exploration on this 100%-owned tenure – where there has been no
previous exploration – has already identified some exciting opportunities.”