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Mining

St George Mining's exploration ramp-up to boost news flow

The company remains highly leveraged to exploration success.

St George Mining (ASX:SGQ) has identified further priority targets for the upcoming drill program at the Mt Alexander Project in Western Australia.

This will ensure that the company has strong news flow over the near-term.

This latest group of targets is at the Cathedrals Prospect where high grade nickel-copper-PGE sulphides were first discovered by BHP Billiton Nickel West.

John Prineas, executive chairman, commented:

"Drilling at Cathedrals has already intersected massive nickel-copper-PGE mineralisation and the latest EM data is telling us that there are more conductive areas at this prospect which have yet to be tested.

"We believe the likelihood of increasing the volume and continuity of the high-grade mineralisation at Cathedrals is excellent."

Analysis

St George is ramping up its exploration program at Mt Alexander with more news in the coming weeks.

The company remains highly leveraged to exploration success.

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