19 December 2016
MT ALEXANDER - EXPLORATION UPDATE
HIGHLIGHTS:
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Further EM anomalies have been identified in the Cathedrals Belt by the fixed loop electromagnetic (FLEM) SAMSON survey
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New EM anomalies include targets deeper than any previously explored by St George
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Infill EM surveys to be completed over several new EM anomalies to finalise modelling of the targets
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Completion of the Cathedrals East EM survey and infill EM surveys will occur early in January 2017
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Drill programme planned for Q1 2017 to test for massive nickel‐copper sulphide mineralisation at priority EM targets
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Infill and extensional drilling of known mineralisation also being planned
DEEP SEARCH EM SURVEY DELIVERS POSITIVE RESULTS
St George Mining Limited (ASX: SGQ) ('St George Mining' or 'the Company') is pleased to provide an update on further strong results from the FLEM SAMSON survey underway at the Mt Alexander Project in Western Australia.
The high powered EM survey over the Cathedrals Belt has identified a number of new EM anomalies that are prospective for massive sulphides. The western section of the Belt is where drilling by St George has already established recurrent nickel‐copper sulphide mineralisation over a strike of 3.5km. The FLEM SAMSON survey here has detected EM anomalies deeper than any previously explored by St George.
The recently interpreted eastern extension of the Cathedrals Belt has never been explored. Interim results from the FLEM SAMSON survey over this section of the Belt - the Cathedrals East EM survey ‐ indicate that a number of EM anomalies have been detected that warrant further investigation.
A drill programme is planned for early in the New Year to test the new EM conductors. Preliminary estimates are for approximately 2,000m of drilling to be completed to test multiple targets across the Cathedrals Belt.
St George Mining Executive Chairman, John Prineas said:
"The deep search EM survey at the Cathedrals Belt is picking up EM conductors that were not identified by previous EM surveys. This supports the decision to utilise the SAMSON EM technique and suggests that the nickel‐copper sulphide mineralisation in the Belt is more extensive than previously interpreted.
"With a 100% success rate in testing EM conductors in this Belt, these new targets are an outstanding opportunity to discover more nickel‐copper sulphides.
"2017 is shaping up as an exciting year for St George and we are looking forward to commencing our drill programme at Mt Alexander in the New Year."
Infill EM surveys are required over several of the new EM anomalies to better constrain the size and location of the conductors prior to drill testing. Final modelling of the new anomalies will be completed by Newexco once this further EM data is available.
The Cathedrals East EM survey is comprised of seven transmitter loops of 800m X 800m. Five of these loops have been completed. The remaining two loops, as well as infill EM surveys, will be completed when the EM survey crew return to site on 9 January 2017 after a short Christmas break.
Figure 1 - the Cathedrals Belt is highlighted by the new high resolution magnetic data (RTP 1VD) generated by the recent airborne magnetic survey. Drill holes with nickel sulphides are shown as red circles. The FLEM SAMSON survey over the Cathedrals Belt is in progress and is successfully identifying new EM targets for St George's 2017 drill programme.
Figure 2 - the HPTX‐70 high powered transmitter used for the deep penetrating FLEM SAMSON surveys at
Mt Alexander. Field work for 2016 has been completed and the EM crew is scheduled to recommence surveys on 9 January 2017.
ABOUT THE MT ALEXANDER PROJECT
The Mt Alexander Project is located 120km south‐southwest of the Agnew‐Wiluna belt which hosts numerous world class nickel deposits. The Project comprises four granted exploration licences - E29/638, E29/548, E29/962 and E29/954.
The Cathedrals, Stricklands and Investigators nickel‐copper discoveries are located on E29/638, which is held in joint venture by Western Areas Limited (25%) and St George (75%). St George is the Manager of the Project with Western Areas retaining a 25% non‐contributing interest in the Project (in regard to E29/638 only) until there is a decision to mine.
For further information, please contact:
John Prineas
Executive Chairman
St George Mining Limited (+61) 411 421 253
[email protected]
Colin Hay
Professional Public Relations
(+61) 08 9388 0944 mob 0404 683 355
[email protected]
Competent Person Statement:
The information in this report that relates to Exploration Targets, Exploration Results, Mineral Resources or Ore Reserves is based on information compiled by Mr Matthew McCarthy, a Competent Person who is a Member of The Australian Institute of Geoscientists. Mr McCarthy is employed by St George Mining Limited.
Mr McCarthy has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the 2012 Edition of the Joint Ore Reserves Committee (JORC) Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. Mr McCarthy consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.