Overview of SXG Projects
(click on map to see full size)
(click on map to see full size)
SXG is primarily a gold and nickel exploration company listed on the ASX. SXG has some 3300 km² of permits under licence or agreements throughout the Central Yilgarn Gold and Nickel Province.
Gold
SXG Gold Resources
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The Parker Range Gold Project
The Project comprises several groups of tenements situated between 14 km and 80 km south-southeast of Southern Cross. The Parker Range Gold Project, with a known 157,000 oz gold resource, has high priority production targets including Dulcie, Battler and British Hill. Infrastructure is good in this district with one operating gold milling facility and another under construction.
The Company's first production is planned to be heap leaching of the Dulcie gold laterite resource with low capital and operating costs.
The Marda Gold Project
Project is located in the Marda-Diemals Greenstone Belt, approximately 170 km north of Southern Cross and 115 km north of Bullfinch, on the Bullfinch-Evanston Road.
The Company's strategy for Marda is to increase the known resource base through exploration of high priority targets. With a known resource of 268,000 oz, Marda contains the major share of the Company's resource base.
The Marda Project hosts several high priority exploration targets, including the Andromeda prospect which has plus 1g/t gold mineralisation over a 200m strike and is open to the north and at depth.
Nickel
SXG Nickel Tenements
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SXG is a dominant tenement holder within the highly mineralised Central Yilgarn Gold and Nickel Province.
The focus of the Company's nickel sulphide exploration is the Bullfinch North Project covering the northern 60 km of the Southern Cross greenstone belt. The Company believes this area holds some of the best under-explored nickel ground in WA. This same greenstone belt hosts two of the highest grade nickel deposits in the world - the Flying Fox deposit, with an estimated 2 Mt resource at an average grade of 4.7% nickel, and the Spotted Quoll deposit with a resource estimated at 2 Mt at an average grade 6.2% nickel, owned by Western Areas NL. These deposits lie approximately 190 km to the south of the Company's Bullfinch North Project.
The Bullfinch North Nickel Project
Exploration for nickel is most advanced at the Company's Bullfinch North Project. During December 2008, SXG commissioned moving loop electromagnetic (MLEM) surveys and downhole electromagnetic (DHEM) surveys at its Bullfinch North Nickel Project as part of exploration program aimed at identifying sub surface conductors.
Three strong MLEM conductors plus several lower order conductors were outlined at Mt Colreavy and Lady Agnes Prospects, and one strong and two moderate order DHEM conductors outlined at Trough Well Extended.
Drill testing of Trough Well Extended prospect continued, following on from mineralisation identified there in early 2008. Assay results from the Company confirm a significant nickel sulphide mineralisation system, with multiple nickel sulphide zones. Significant nickel sulphide mineralisation was confirmed at Zone 2, with intercepts of 20m @ 0.6% nickel including 4m @ 1.4% nickel and 16m @ 0.5% nickel including 3m @ 0.9% nickel confirming a thick channel with multiple nickel sulphide shoots. Zone 3 has also been proved to contain significant nickel sulphides with a best intercept of 2m @ 1.2% nickel. Downhole MLEM suggests off-hole conductors are present in zones 2 and 3.
For details on these and other Company's Projects, see: