St George Mining (SGQ) has consolidated ownership of the Mt Alexander greenstone belt. It has confirmed nickel-copper sulphide mineralisation at three prospects over a 3.5km section of the Cathedrals belt within Mt Alexander. A regional aeromagnetic survey has indicated that the belt may continue for a further 8km strike. It has also identified structures parallel to the Cathedrals belt that may host similar mineralisation. In addition, a deep penetrating fixed loop electromagnetic (FLEM) survey has identified new electromagnetic (EM) anomalies. While the Mt Alexander project has been the main focus of activity for most of 2016, the East Laverton project continues to be a valid target for large-scale nickel and gold deposits.
12 Dec 2016
Mt Alexander nickel potential is growing
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Mt Alexander nickel potential is growing
St. George Mining Ltd. (SGQ:ASX) | 0 0 2.6% | Mkt Cap: 50.1m
- Published:
12 Dec 2016 -
Author:
Peter Chilton -
Pages:
10 -
St George Mining (SGQ) has consolidated ownership of the Mt Alexander greenstone belt. It has confirmed nickel-copper sulphide mineralisation at three prospects over a 3.5km section of the Cathedrals belt within Mt Alexander. A regional aeromagnetic survey has indicated that the belt may continue for a further 8km strike. It has also identified structures parallel to the Cathedrals belt that may host similar mineralisation. In addition, a deep penetrating fixed loop electromagnetic (FLEM) survey has identified new electromagnetic (EM) anomalies. While the Mt Alexander project has been the main focus of activity for most of 2016, the East Laverton project continues to be a valid target for large-scale nickel and gold deposits.