Livewire Exploration Watch

John Robertson

PortfolioDirect

St George Mining has reported additional shallow intersections of nickel-bearing massive sulphide material at Mt Alexander south-southwest of the Agnew-Wiluna nickel belt. Hand-held tools indicated high grades of nickel and copper in two holes at the Stricklands prospect. The fresh information suggests a shallow dipping (though fault dislocated) ultramafic unit with discrete massive and stringer sulphide zones. The massive material has a thick hanging wall of disseminated mineralised sulphides. Lodestar Minerals reported the results of three drill holes directed at the Contessa geophysical anomaly in Western Australia. Two holes reported minor gold grades in a pyritic altered meta-volcanic rock. Despite promising geochemistry, the company characterised the geology of the prospect as “not well understood”. Duketon Mining has commenced a 57 hole air core program at the Hacks Bore prospect held in a joint venture with Regis Resources whose Garden Well operation 5km to the south offers a future development path. Hacks Bore bears similarities to Garden Well in addition to gold anomalism within the weathering profile.


John Robertson is Chief Investment Strategist for PortfolioDirect a provider of resource sector investment stock ratings and portfolio strategies for mining and oil and gas investors. He has worked as a policy economist, corporate business...

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