St George Mining Limited (ASX: SGQ) is preparing to resume diamond drilling at its flagship high-grade Mt Alexander Project, located in the north-eastern Goldfields of Western Australia, in early January.
John Prineas, St George Mining’s Executive Chairman, said drilling will commence much earlier than initially planned.
“We are delighted to be able to bring forward the start date for the 2022 diamond drill programme at Mt Alexander.
“S1 and S2 are excellent targets for significant nickel-copper sulphide mineralisation, and we do not want to waste any time in drilling these targets.
“We thank DDH1 Drilling for its support in making a drill rig available so early in the New Year.
“On behalf of the Board, I wish our shareholders and service providers a safe and happy festive season. We look forward to a very exciting 2022.”
Seismic Targets
The recently acquired seismic data has been effective in defining the complex intrusive network in the area surveyed around the Cathedrals Belt. The deep structures identified are indicative of a large mineral system with potential to host significant volumes of mineralisation.
Modelling and interpretation of the seismic data by independent seismic experts has resulted in the identification of two priority seismic targets for massive nickel-copper sulphides – S1 and S2. Interpretation of the data is continuing and further exploration targets may be identified.
S1 is located down-dip from, and within the same structure that hosts extensive massive nickel-copper sulphides drilled at Investigators. S1 is modelled with a dip-extent of 450m at 800m below surface.
S2 is situated in the underexplored Transits Belt structure to the north of the Cathedrals Belt. S2 is modelled with a dip-extent of 400m and located 350m below surface. Both S1 and S2 are located within Exploration Licence E29/548 (100% St George).
2021 Drilling Programme:
Drill hole MAD205 is the final hole to be completed in 2021. The hole was drilled to 622.2m. Intrusive mafic rocks were intersected between 556.9m to 571.77m downhole.
The remainder of the hole intersected mainly granite rocks. No sulphide mineralisation was observed in the drill core.
Downhole electromagnetic (DHEM) surveys were completed this month at drill holes recently completed at Jailbreak – MARC150 and MARC151. Results are pending.
There was insufficient time to complete DHEM surveys at diamond holes MAD203, MAD204 and MAD205. These surveys will be completed next month.
2022 Drilling Programme: A diamond drill rig is scheduled to mobilise to Mt Alexander on or about January 6, 2022, at least three weeks earlier than initially expected. The first two targets to be drilled will be S1 and S2, in that order. Additional targets will be added to the programme subject to drill results and ongoing modelling of the seismic data.
For further information please visit: https://stgm.com.au/
