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Corporate Spotlight

The Mt Alexander Project is close to existing infrastructure and plants in the nearby Agnew-Wiluna Belt providing low cost options to fast-track the Project into production. SGQ is positioned for a major share price re-rating as the nickel price surges with a clear upswing in the cycle underway.
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CEO 'very pleased' with exploration results

INVESTIGATORS

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MORE THICK NICKEL-COPPER SULPHIDE INTERCEPTS AT INVESTIGATORS

ASX Announcement 1 November 2018

HIGHLIGHTS: 

  • 6.39m of continuous massive nickel-copper sulphides intersected in MAD127 within a 12.02m mineralised interval starting from 180.37m downhole that comprises:

  • Total length of massive nickelcopper sulphides intersected in MAD127 is 6.92m in aggregate 
  • MAD127 intercept of massive nickel-copper sulphides is the thickest to date at the Investigators Prospect 
  • Untested electromagnetic (EM) conductors located up-dip and down plunge from MAD127 support potential for extensions of high-grade mineralisation 
  • MAD127 continues St George’s 100% strike rate of high-grade nickel-copper sulphide conductors across the Cathedrals Belt 
On right: drill core from the massive sulphide interval of MAD127 between 184.42m to 190.81m with average XRF readings of 8.03%Ni and 5.06%Cu*

* Laboratory assays are pending and are required to confirm the nickel and copper grades which have been estimated using portable XRF analysis



Emerging Western Australian nickel company St George Mining Limited (ASX: SGQ) (“St George” or “the Company”) is pleased to announce another strike of high-grade massive nickel-copper sulphides at the Investigators Prospect within the Mt Alexander Project, near Leonora in the north-eastern Goldfields.

John Prineas, St George Mining’s Executive Chairman, said: 

“The drilling at Investigators continues to deliver thick intersections of massive nickel-copper sulphides.

“Drill hole MAD127 tested the south-west extension of the high-grade mineralisation intersected in MAD126, which we announced last week as our best ever intercept at the Investigators Prospect.

“This latest drill hole looks like it will surpass MAD126, with MAD127 delivering the thickest intercept of massive nickel-copper sulphides at Investigators to date.

“These drill holes are on the MAD111 Line, which we interpret as being within a channelised lava flow.

“With limited drilling on the MAD111 Line and untested EM conductors along strike from these high-grade intercepts, we are confident of discovering more sulphide mineralisation in this channel.”

MAD127 was completed to a downhole depth of 210m to test south-west of the massive sulphides intersected in MAD126.

Sulphide mineralisation was intersected in MAD127 between 180.37m to 192.99m downhole, including massive sulphides from 184.42m to 190.915m and again from 191.86m to 192.39m.

Click here to view the full announcement

QUARTERLY

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QUARTERLY ACTIVITIES REPORT FOR THE PERIOD ENDED 30 SEPTEMBER 2018

ASX Announcement 31 October 2018 

MT ALEXANDER NICKEL PROJECT: EAST LAVERTON GOLD PROJECT:
  • Major diamond drill programme in progress 
  • Multiple intersections of high-grade nickel-copper sulphides extend the down plunge of mineralisation at the Investigators Prospect
  • Downhole electromagnetic (DHEM) surveys identify strong conductors along strike from known sulphide mineralisation
  • Drill hole MAD126 includes intercept of 5.25m of massive sulphides with average XRF readings of 8.8%Ni and 4.5%Cu (laboratory assays are pending) - on right: drill core from MAD126
  • Drill programme extended indefinitely

 EAST LAVERTON GOLD PROJECT:

  • Diamond drill programme of gold targets underway 
  • Multiple hits of quartz dolerite with quartz/carbonate veining and disseminated pyrite 
  • Drilling confirms a large mineral system prospective for gold – assays pending 

Below: drill core from ASCDD003 at 119m shows weak to moderately foliated mcg qz dolerite/gabbro, abundant disseminated titanomagnetite, average 3% wispy, interstitial pyrite aggregates

St George Mining Limited (ASX:SGQ) (“St George” or “the Company”) is pleased to present its Quarterly Activities Report for the quarterly period ended 30 September 2018.

MT ALEXANDER PROJECT: 

Drilling Extends High-Grade Nickel-Copper Sulphides Down Plunge at Investigators Prospect: A major diamond drill programme at the Mt Alexander Project, which hosts the high-grade Investigators, Cathedrals and Stricklands discoveries, commenced in July 2018.

Drilling is currently focused along the 1.5km east-west strike of the Investigators Prospect where the mineralised ultramafic unit is interpreted to dip to the north at an angle of 30 degrees with potential for continuity of high-grade mineralisation at depth in the northerly down dip direction.

Drilling and DHEM surveys have been used concurrently to successfully explore Investigators at depth. Additional massive nickel-copper sulphides as well as new electromagnetic (EM) targets have been identified in the northerly plunge direction.

New conductors have been identified on each of the MAD60 Line, MAD111 Line and MAD112 Line with extensions of mineralisation up to 320m down plunge on the MAD112 Line. For further details please see our ASX Release dated 3 October 2018 Downhole EM Surveys Lights Up Strong Conductors and ASX Release dated 19 October 2018 Extension of High-Grade Mineralisation at Mt Alexander.

Click here to view the full announcement

BEST EVER INTERCEPT

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BEST EVER INTERCEPT OF NICKEL-COPPER SULPHIDES AT INVESTIGATOR

ASX Announcement 25 October 2018


HIGHLIGHTS: 

  • 14.37m interval of nickel-copper sulphide mineralisation intersected in MAD126 starting from 177.5m downhole comprising:

  • MAD126 intercept is shaping as the best ever at the Investigators Prospect 
  • Massive sulphides include coarse grained pentlandite as evidenced by spot XRF readings ranging from 28%Ni to 37%Ni* 
  • Strong electromagnetic (EM) conductors located updip and down plunge from MAD126 support potential for significant continuity of high-grade mineralisation 
  • St George’s 100% strike rate of high-grade nickelcopper sulphide conductors across the Cathedrals Belt continues 
On right: drill core from the massive sulphide interval of MAD126 between 185m to 190.25m with average XRF readings of 8.8%Ni and 4.5%Cu*; coarse grained pentlandite is evident in the core (spot XRF readings of 28%Ni to 37%Ni*).

* Laboratory assays are pending and are required to confirm the nickel and copper grades which have been estimated using portable XRF analysis

Emerging Western Australian nickel company St George Mining Limited (ASX: SGQ) (“St George” or “the Company”) is pleased to announce an outstanding intersection of nickel-copper sulphides at the Investigators Prospect within the Mt Alexander Project, near Leonora in the north-eastern Goldfields.

John Prineas, St George Mining’s Executive Chairman, said: 

“The intersection in MAD126 is shaping up as our best ever at the Investigators Prospect.

“This is a particularly exciting intercept as there are strong conductors located up-dip and down plunge of the massive sulphides identified by MAD126, giving us confidence that drilling will intersect more massive sulphides in what we believe may be a significant channelised flow.

”Our drilling is continuing to scope out the scale of the discovery at Mt Alexander with MAD126 another outstanding result that has extended the footprint of high-grade mineralisation.”

Drill hole MAD126 is positioned on the MAD111 Line being drilled at the Investigators Prospect, located on the Cathedrals Belt where exploration by St George has established a 4.5km strike of high-grade nickelcopper sulphide mineralisation.

MAD126 was completed to a downhole depth of 209.9m to test EM conductor MAD120b:X1, which was modelled with a conductivity of 210,000 Siemens.

Sulphide mineralisation was intersected in MAD126 between 177.5m to 191.87m downhole, including massive sulphides from 185m to 190.25m, in the position modelled by Newexco.

MAD126 is down plunge of the previously intersected mineralised ultramafic on the MAD111 Line and confirms a significant 200m down dip extent to the known mineralisation on this line

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PRESENTATION

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EXTENSIONS

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FURTHER EXTENSIONS OF HIGH-GRADE NICKEL-COPPER SULPHIDES DOWN DIP AT INVESTIGATORS

ASX Announcement 19 October 2018


HIGHLIGHTS: 

Exploration along the 1.5km east-west strike of the Investigators Prospect confirms that the large mineral system continues at depth with additional massive nickel-copper sulphides as well as new electromagnetic (EM) targets identified in the northerly down dip direction:

• MAD112 Line: 

  • Assays confirm a high-grade intersection in MAD112 that returned: 3.55m @ 4.67%Ni, 2.27%Cu, 0.20%Co and 2.94g/t total PGEs from 116m 
  • MAD112 high-grade mineralisation is part of the 120m plunge on the north-south MAD112 Line which remains open to the north 
  • Downhole EM (DHEM) surveys in drill holes MAD112 and MAD117 identify a strong offhole conductor (12,700 Siemens) down plunge of the known high-grade nickel-copper sulphides indicating potential for a further extension in the down dip direction

• MAD60 Line: 

  • DHEM survey in drill hole MAD119 – a deep step out hole to the north on the northsouth MAD60 Line – has identified a strong off-hole conductor (30,000 Siemens) located down plunge from known high-grade nickel-copper sulphides 
  • The new conductor, MAD119:X1, is interpreted to be a continuation of the massive nickel-copper sulphides intersected in MAD108 
  • Potential for an extended 380m northerly plunge of mineralisation on the MAD60 Line

• MAD111 Line: 

  • Drilling of very strong EM conductors on the north-south MAD111 Line is underway 
  • DHEM survey in drill hole MAD121 – a deep step out hole to the north on the MAD111 Line – has identified a weak, very large anomalous EM response (modelled as 400m x 350m) located down plunge from the very strong conductors 
  • The new target, MAD121:X1, is interpreted to represent a continuation of the large mineral system at depth and will be prioritised for drilling in the current campaign

Emerging Western Australian nickel company St George Mining Limited (ASX: SGQ) (“St George” or “the Company”) is pleased to provide an update on significant exploration results at the Mt Alexander Project, located near Leonora in the north-eastern Goldfields.

The mineralised ultramafic at the Investigators Prospect has an east-west strike of 1.5km and dips to the north at an angle of about 30 degrees. Our geological model supports the potential for continuity of highgrade mineralisation at depth in the northerly down dip direction.

Current exploration at Investigators is successfully testing this model, providing confidence that the large mineral system continues at depth with potential for significant increases to the known high-grade mineralisation.

John Prineas, St George Mining’s Executive Chairman, said: 

“Our methodical exploration strategy at Investigators, using drilling and DHEM surveys concurrently to identify potential extensions of massive nickel-copper sulphides, is delivering excellent results.

“The DHEM surveys at Investigators have been successful in identifying further conductors down plunge from known high-grade mineralisation. This is a textbook fit to our geological model, which envisages potential for additional significant nickel-copper sulphides at depth in the down dip direction

“The results of the DHEM survey in MAD119 are particularly exciting with potential for the new conductor to extend the plunge of mineralisation on the MAD60 Line to a very significant 380m.

“The east-west strike of mineralisation at Investigators is more than 1.5km, suggesting that any extension of mineralisation to the north will substantially increase the volume of high-grade mineralisation at Investigators.”

Figure 1 below is a plan view map of the Investigators Prospect set against SAMSON EM data. The three lines where recent drilling has been focused are highlighted, and illustrate the extensions of nickel-copper sulphide mineralisation to the north.

Click here to view the full announcement 

LME WEEK

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