Exploration company St George Mining has confirmed nickel discovery at the Radar prospect within its flagship Mt Alexander project in the north-eastern Goldfields, Western Australia.
The first drill hole MAD152 at the Radar discovery was drilled into an electromagnetic (EM) conductor, and a downhole EM (DHEM) survey showed intersection of the EM conductor’s northern portion.
Radar’s first hole laboratory assays confirmed significant shallow discovery of nickel-copper sulphide mineralisation. It featured a 6m section at 2.14% nickel (Ni), 0.74% copper (Cu) and 1.62g/t platinum group elements (PGEs) from 46m.
It also featured a 2.55m section at 4.29%Ni, 1.46%Cu and 3g/t PGEs from 49.05m.
The discovery is situated 1.2km east of the known nickel-copper sulphide deposits at the Cathedrals prospect.
St George Mining executive chairman John Prineas said: “Exploration drilling continues at Mt Alexander with the drill-out of the Radar discovery scheduled to resume this week.
“With high-grade mineralisation now established over a 5.5km strike of the east-west oriented Cathedrals Belt, we are increasingly confident of the potential to develop a potential mining operation at the Project.
“More than 10.5km of the Belt remains underexplored with strong targets emerging at Fish Hook and West End, which are also scheduled for drilling in this drill programme. Exploration success here could add substantial volumes of mineralisation to a potential resource at Mt Alexander.
“The strong rally in the nickel price over recent months is likely to be very favourable for the project economics of a potential development at Mt Alexander, and we are pleased to initiate preliminary studies to assess a potential mining development at Mt Alexander.”
The company noted that drilling at Radar will start this week.