St George Mining Ltd (ASX:SGQ) has been granted a trading halt by the ASX, pending assays from exploration drilling at the Mt Alexander Project in Western Australia.
The program will cover 1425 metres and test eleven targets for massive nickel-copper sulphide mineralisation.
The targets are untested EM conductors at the Cathedrals and Stricklands Prospects that coincide with magnetic anomalies
The halt will remain in place until the opening of trade on Wednesday 27th April 2016, or earlier if an announcement is made to the market.
In other company news, St George has completed a heavily oversubscribed Share Purchase Plan.
The plan raised close to $1.4 million at $0.085 per share.
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