St George Mining to reward loyalty with listed bonus options
The record date to determine entitlement is 5pm (WST) on 19th September 2017.
Company
ASX:SGQ
St George Mining Ltd is focused on developing critical minerals projects in Brazil and Western Australia. In Brazil, the company has entered into a binding agreement to acquire the high-grade niobium-REE Araxa Project in Minas Gerais. In Western Australia, St George is progressing a portfolio of quality exploration and development projects that are focused on critical metals for the clean energy future.
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The record date to determine entitlement is 5pm (WST) on 19th September 2017.
The drill program is testing hydrothermal gold targets.
The company now believes it has the technical expertise to develop a nickel sulphide discovery
Drill results from Cambridge North has confirmed a 3.6 kilometre long mineralised structure.
Exploration results to date at Mt Alexander suggest the conductor could host massive sulphide mineralisation.
The EM conductors continue to reveal high-grade mineralisation and many more conductors are yet to be drill tested.
The East Laverton Project hosts both gold and nickel targets.
Successful drilling results continue to validate the exploration process.
Bell Potter assigns a valuation of $0.26 per share.
A total of 40 drill holes for 2,934 metres have been completed to date.
A number of different electromagnetic surveys have been conducted.
Surveys of the newly drilled hole have found more anomalies, now being drilled.
Drilling results continue to identify new mineralised zones.
An expanded 6,000 metre program drilling for gold has commenced.
Preliminary XRF grades range up to 9% nickel and 4.3% copper.
Preliminary XRF gun nickel-copper grades are some of the best yet.
Drilling for gold and nickel is set to commence this coming weekend.
St George entered the June quarter with $5.7 million cash.
The company is well funded to continue exploration in the June quarter.
Preliminary XRF handgun readings show high-grade nickel and copper.