Further drilling has been completed at the Investigators and Stricklands prospects.
St George Mining (ASX:SGQ) has announced further exploration results at the Mt Alexander Project, located near Leonora in the north Eastern Goldfields of Western Australia.
The company said that further drilling has been completed at the Investigators and Stricklands prospects located within the 4.5km stretch of the Cathedrals Belt where high-grade nickel-copper sulfide discoveries have been made by St George.
As highlighted in the press release:
- Extensional drilling expands the footprint of mineralization: A further five drill holes have been completed at the Cathedrals Belt with all intersecting massive sulfide mineralization or prospective ultramafics, drilling has expanded the known zones of mineralization at Investigators and Stricklands, mineralization remains open in all directions
- Downhole EM (DHEM) surveys identify strong conductors for drill testing: DHEM surveys on recently completed drill holes are continuing, Interim results indicate strong off-hole conductors for follow-up drill testing, Very strong conductor identified along strike of the massive sulphides in MAD126 and MAD127 – conductor MAD124: X1 with modelled conductivity of 153,000 Siemens
- Assays confirm high-grade platinum-group elements (PGE)s: Final assays for MAD126 and MAD127 confirm thick high-grade PGEs: MAD126 – 5.25m at 3.10 grams per tonne (g/t) total PGEs (palladium, 2.52g/t; platinum, 0.58g/t) from 184m, MAD127 – 8.49m at 3.61g/t total PGEs (palladium, 2.96g/t; platinum, 0.65g/t) from 183.9m, Over 80 percent of the PGEs are palladium which is currently trading at an all-time high market price