St George Mining’s (ASX:SGQ) drilling has already confirmed multiple occurrences of nickel sulphide mineralisation at the Desert Dragon Central prospect of its East Laverton Project in Western Australia.
The latest DHEM conductor is particularly interesting given the conductance of 61,000 Siemens is extremely high and typical of pentlandite - high grade nickel sulphide.
In addition, further drilling assays are pending.
John Prineas, executive chairman, will present at Proactive's Sydney, Melbourne Investor Luncheons in September.
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Melbourne Investor Luncheon, Tuesday 22nd September.
Sydney Investor Luncheon, Wednesday 23rd September.
Recent Activity
St George has just 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.
Fixed loop electromagnetic surveys are now being carried out at highly prospective electromagnetic targets at Desert Dragon North, Windsor and Cambridge North.
Final modelling of the electromagnetic survey data will be completed by Newexco to confirm new drill targets.
St George is also carrying out a further review of new gravity data to identify additional exploration targets that will be prioritised for follow-up exploration.
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