Mobilises Second Diamond Rig at Mt Alexander
Western Australian nickel company St George Mining Limited (ASX: SGQ) is escalating its drilling activities at its flagship high-grade Mt Alexander Project, located in the north-eastern Goldfields.
“We are delighted that a second diamond drill rig has arrived at Mt Alexander. Availability of drill rigs in Western Australia remains very tight so securing an additional rig is a great outcome for St George,” Executive Chairman, John Prineas, said.
“The availability of the rig was only confirmed last Friday, on short notice. We have a number of EM conductors and deep stratigraphic exploration holes lined up and ready for drilling. The second rig will serve to expedite testing of these targets.
“The two EM conductors currently being drilled are interpreted to have a massive sulphide source. They are located to the west of known massive nickel-copper sulphide mineralisation and offer an excellent opportunity to make a new discovery in this unexplored area of the Cathedral Belt.”
The second drill rig deployed at Mt Alexander will operate with two crews to allow for drilling 24/7.
The EM plate modelled for the 55,550 Siemens conductor is predicted to be intersected at 505m downhole. This conductor is one of two identified by the DHEM survey in MAD192.
Drilling by the first rig is continuing on a single-shift basis. Drilling is at 115.5m downhole with the modelled EM plate predicted to be intersected at 340m downhole. This 33,100 Siemens conductor being drilled is one of five EM anomalies identified from the DHEM survey in MAD185.
The multiple EM conductors at these target areas is strongly supportive for the presence of a significant volume of sulphide mineralisation and the extension of the known high-grade Investigators mineralisation into the West End prospect area.
The two EM conductors currently being drilled are among the deepest to be identified in the Cathedrals Belt to date. Drilling of these and other new targets at Investigators and West End is designed to test for further high-grade mineralisation in the north-west down dip direction from MAD127 and other shallow high-grade intersections at Investigators.
