St George Mining Has Drill Ready Massive Sulphide Targets At Mt Alexander

Feb. 18, 2016 5:10 PM ET
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St George Mining's (ASX:SGQ) ongoing review of project data acquired from BHP Billiton for the Mt Alexander Project has confirmed drill-ready targets with potential for massive nickel-copper sulphide discoveries.

St George's technical team, in conjunction with geophysical consultants Newexco, commenced a comprehensive review of the substantial project data following completion of the acquisition of a 75% interest in the core Mt Alexander tenement from BHP Billiton.

High grade nickel-copper sulphides were discovered at the Cathedrals Prospect in 2008.

Adding to the prospectivity, three EM conductors have been drilled at Cathedrals, with all three resulting in intersections of massive nickel-copper sulphides.

St George has now said that its data review has identified five untested downhole EM (DHEM) plates at the prospect, which offer an opportunity to define further mineralisation.

John Prineas, executive chairman, commented:

"Our review of the project data has re‐enforced our assessment that Mt Alexander has significant exploration upside.

"In addition to the walk‐up drill targets at Cathedrals and Stricklands, there is also a tremendous pipeline of targets emerging across the broader project area.

"We are increasingly confident that our upcoming drill program will result in further discoveries of massive nickel-copper sulphides."

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