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 from BHP Billiton.
High grade nickel-copper sulphides were discovered at the Cathedrals Prospect in 2008.
The new targets are located north of the Cathedrals Prospect where high grade nickel-copper sulphide mineralisation has been discovered.
These new EM anomalies are in addition to the untested and highly prospective EM conductors identified at the Stricklands and Cathedrals Prospects.
Three EM conductors have already been drilled at Cathedrals, with all three resulting in intersections of massive nickel-copper sulphides.
Mt Alexander Project is located in Western Australia, and 120 kilometres south-southwest of the Agnew-Wiluna belt which hosts numerous world-class nickel deposits.
John Prineas, executive chairman, commented:
"Our ongoing review of the project data has significantly increased the exploration upside at Mt Alexander.
"In particular, the EM conductors we have identified offer an opportunity for immediate exploration success.
"The upcoming drill program at Mt Alexander promises to be our most exciting ever."
Four of the five new EM anomalies are located in Exploration Licence E29/548, which is 100% owned by St George.
These new EM anomalies are within a 4 square kilometre area located north of Cathedrals.
The Cathedrals prospect is on Exploration Licence E29/638, which is held in joint venture by St George (75%) and Western Areas Limited (25% non‐contributing interest until there is a decision to mine). St George is manager.
There is strong potential for multiple nickel sulphide discoveries at Mt Alexander.
Drilling will commence in April 2016.
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