St George Mining (ASX:SGQ) has received a $1.3 million cash boost under the Federal Government’s R&D Tax Incentive Scheme.
The funds will provide funding support for the company's next drilling program at East Laverton Project in Western Australia.
John Prineas, executive chairman, commented:
“We appreciate the support of the Australian Government through the R&D Tax Incentive Scheme.
“St George’s innovative exploration has already confirmed significant potential for nickel sulphide and other mineral deposits at our 100% owned East Laverton Property."
Recent drilling intersected nickel sulphide mineralisation at Desert Dragon Central, which appears to be a highly prospective setting for a massive nickel sulphide deposit.
This is encouraging ahead of reverse circulation drilling this month.
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More assays are currently pending from Desert Dragon Central, along with DHEM survey results.
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