St George Finds Further Massive Nickel-Copper Sulfides at Mt Alexander Project

St George Mining Ltd. (ASX:SGQ) announced the discovery of further massive nickel-copper sulfides at the Investigators prospect, located at its Mt Alexander project in Western Australia. The company is currently conducting a drill program at the project.

As quoted in the press release:

  • Three more electromagnetic (EM) conductors successfully tested returning high grade massive nickel-copper sulphides with average grades of 7%Ni and 2.3%Cu (based on field XRF analysis)
  • Potential to further extend the known mineralisation in the Cathedrals Belt with at least another 14 planned drill holes
  • Downhole EM (DHEM) surveys are underway on the completed drill holes to investigate for extensions to mineralisation and to define conductive sources
  • Moving loop EM (MLEM) survey over the western extension of the Cathedrals Belt has identified anomalous EM responses proximal to the Ida Fault
  • Argonaut appointed as financial adviser to St George in regard to strategic opportunities to maximise value of the Mt Alexander Project

John Prineas, executive chairman of St George, commented:

The discovery of further high grade nickel-copper sulphide mineralisation at Investigators confirms the potential to significantly expand the known mineralisation at this prospect, where mineralisation has already been shown to be present recurrently over a strike length of 1.3km.

We are very excited by this early success and the potential for more discoveries over the next few weeks.

Click here to read the full St George Mining Ltd. (ASX:SGQ) press release.

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