St George Mining (ASX:SGQ) is gearing up for a closely-watched drilling program for massive nickel sulphides at its under-explored East Laverton project in Western Australia.
The drill rig is scheduled to arrive at site early next week to carry out over 2,500 metres of diamond drilling over the next 6-7 weeks.
Adding interest, this program will test at least seven high value drill targets selected by geophysical advisors Newexco, which were instrumental in the discovery of some of Western Australia’s biggest nickel discoveries such as Nova, Spotted Quoll and Flying Fox.
St George is now heading to market with a capital raising, and the ASX has granted the company a trading halt to prepare.
The halt will remain in place until the opening of trade on Monday 1st June 2015, or earlier if an announcement is made to the market.
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