- New Category One EM target added to high impact drilling campaign
- Test drilling of EM conductors on Stella Range belt starts this month
- St George technical team will mobilise to site on 22 May 2014
- Drilling will commence on 26 May 2014
TARGETED DRILL CAMPAIGN
St. George Mining Limited (ASX: SGQ) (‘St George Mining’ or ‘the Company’) announced that arrangements for Phase 1 of the 2014 drilling program at its 100% owned East Laverton Property have been completed.
The high impact drilling of nickel sulphide targets is planned to commence on May 26 2014.
Access tracks at the East Laverton Property will be checked this week and upgraded where necessary. The St George technical team and drill rig will mobilise to the project site next week to establish the field camp and to finalise drill site preparations.
John Prineas, Executive Chairman of St. George Mining said:
“Our 2014 drilling programme will be highly targeted and will specifically test EM conductors identified by the ongoing EM survey being carried out for us by Newexco.
“In 2012, BHP Billiton Nickel West completed a large reconnaissance drilling programme at East Laverton under the terms of our former Project Dragon farm‐in arrangement.
“This programme was hugely successful, identifying nickel sulphides at our project for the first time and confirming the prospectivity of the East Laverton Property as an emerging nickel field.
“Our ongoing EM survey has followed up on this success, and has been very effective in delivering high quality targets that may represent massive nickel sulphide deposits.
“We are now ready to test the best of these EM conductors.”
ADDITIONAL STRONG EM CONDUCTOR
Newexco, the Company’s geophysical adviser, has rated the Windsor 1 conductor as a Category One target and recommended test drilling.
A fixed loop electromagnetic (FLEM) survey has been completed over the Windsor 1 EM conductor that was initially identified by the ongoing moving loop electromagnetic (MLEM) survey being carried out along the Stella Range belt. The purpose of the FLEM survey was to provide additional data to better constrain the location and dip of the Windsor 1 conductor.
Modelling of the Windsor 1 EM conductor using the latest data indicates a discrete late‐time EM response with a short strike length. Windsor 1 is directly co‐incident with a magnetic anomaly, an area that is highly prospective for massive nickel sulphides (see Figure 1)
The drill hole design for Windsor 1, as well as for the other EM conductors to be tested in Phase 1 of the 2014 drilling programme, will be announced shortly.