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BAtteRY MIneRALs

St George is beginning to reap
the benefits of its methodical,
meticulous approach to
exploration at Mt Alexander

St George to drill through the pain

hareholders of St George Mining Ltd from surface,” Prineas said.
Swant executive chairman John Prineas A high-grade, low capex start to mining
to provide with general market clarity in operations at Stricklands is the plan for Mt
these most uncertain of times. Alexander where Cathedrals, Radar and
For those that know Prineas, if he did Investigators are discoveries held in the St
have the answers he would oblige and tell George/Western Areas JV.
all. Extensional drilling at the Investigators
“We can’t answer those questions unfor- prospect – which has already confirmed
tunately,” Prineas told Paydirt. continuation of high-grade mineralisation
What Prineas can do though is continue across 1.5km – will also feature as part of
to emphasise the quality shaping up at Mt the 12,000m programme at Mt Alexander,
Alexander, which has drawn interest from 120km south-south-west of the Agnew-
none-other than Western Areas Ltd since Wiluna belt.
taking on the project from BHP Ltd in 2015. Meanwhile, the company has just set
“We’ll stick to our knitting,” Prineas said. foot in the Paterson Province for the first
“We have high-grade nickel sulphide in the time.
ground, we have to prove up an operation An airborne magnetic survey covering
out there, but the material we have can John Prineas 35km of strike of prospective stratigra-
certainly be monetised.” phy at St George’s Paterson project was
St George has been an exploration stal- The resource drill-out will focus on the launched in February.
wart in rough markets before and will forge shallow, high-grade mineralisation at St George’s Paterson project is in the
ahead during the current market malaise. Stricklands, with RC and diamond cam- same regional location as Rio Tinto Ltd’s
“We’re lucky enough to have cash in the paigns also targeting multiple EM and geo- Winu and Newcrest Mining Ltd’s copper-
bank, so we don’t have to go out and raise logical targets for nickel-copper sulphides. gold Telfer mine.
in this market. We may need to be a little Prineas is confident there is potential for It is early days for St George in the Pat-
bit more cautious with it just in case the greenfields discoveries at West End and erson, however, it is starting with some
coronavirus drags out a little too much,” Fish Hook based on compelling EM sur- positive signs.
Prineas said. vey results. With depth and cover issues to deal
With over $4 million (as at December “In a difficult market, a discovery will with, the company stated: “Preliminary in-
31) cash, St George was gearing up for be most welcomed. The activity [by other terpretation of [WA] Government regional
phase one of the 2020 drilling programme companies] in and around us recognises magnetic data suggests that the depth of
to start. the fact that we have high-grade miner- cover at St George’s project is much less
“Resource definition drilling will start to- alisation in nickel-copper-cobalt-PGEs, than other exploration projects in the re-
wards the end of March and we’re aiming including platinum and rhodium which gion, potentially allowing for expedited and
for a resource from the shallow deposits are trading higher these days and we can lower-cost exploration drilling.”
in Q3, maybe a little earlier,” Prineas said. commercialise this deposit starting at 30m – Mark Andrews

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