St George Mining Limited (ASX: SGQ) (“St George” or “the...

St George Mining Limited (ASX: SGQ) (“St George” or “the Company”) has announced that modelling of geophysical data acquired from the recent MT/AMT survey has provided exciting new nickel-copper sulphide targets for the forthcoming drill programme at its flagship Mt Alexander Project, located in the north-eastern Goldfields.

Key highlights from today’s ASX Release are:

• 3D inversion modelling of MT/AMT survey data confirms conductive features located in positions geologically favourable for nickel-copper sulphides

• A large conductive feature has been identified below the shallow high-grade deposit at Investigators and below the current extent of drilling

• New nickel-copper sulphide targets have also been identified at depth within the Radar, Cathedrals, Fairbridge and Investigators East Prospects in areas yet to be tested by drilling

• Additional MT surveying commenced this week, which will include coverage of the eastern extension of the Fish Hook Prospect

• Multi-rig drill programme will test the new conductive features with potential for the discovery of new nickel-sulphide deposits

John Prineas, St GeorgeMining’s Executive Chairman, said:
“The MT survey data is showing us that there is an extensive and deep-reaching structural network at Mt Alexander, which is typical of large nickel sulphide systems.

“We are seeing new conductive zones along strike and down-dip of known nickel-copper sulphide deposits – these locations are very favourable for the potential discovery of additional mineralisation.

“With four shallow, high-grade discoveries across a 5.5km strike of the Cathedrals Belt, we have always believed that if the system is that long it must also be deeper than the extent of the current discoveries.

“The new MT data increases our confidence that there are more nickel-copper sulphide deposits to be discovered at Mt Alexander. We look forward to the start of our upcoming drill programme.”

To view today’s ASX Release, please click here.