St George Mining to boost news flow as drill spins at Mt Alexander
St George will have extensive news flow over coming months.
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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St George will have extensive news flow over coming months.
St George will commence drilling for gold this month at East Laverton.
St George to commence a major drilling program next week.
The electromagnetic survey will target three priority areas at Mt Alexander.
The company remains highly leveraged to exploration success.
Drilling opens the potential for the discovery of further massive nickel-copper sulphides.
St George has wrapped up its deep search fixed loop electromagnetic SAMSON survey.
St George is now valued at circa $34 million, compared to $10 million a year ago.
John Prineas, executive chairman, commented: “Our field work is continuing to deliver exciting results."
St George is now worth circa $40 million following recent exploration success.
John Prineas, executive chairman, said the results are exactly what the company were hoping for.
St George Mining Ltd (ASX:SGQ) has commenced the first ever deep search electromagnetic survey at the Mt Alexander project within the Cathedrals Belt of Western Australia.
St George Mining Ltd (ASX:SGQ) has received a Speculative Buy from Perth broker Argonaut. The following is an extract from the report.
John Prineas, executive chairman, commented: “Our successful exploration at the Cathedrals Belt has confirmed an extensive, high grade nickel-copper system at Mt Alexander."
Preliminary metallurgical testwork on a sample of massive nickel-copper sulphide indicates that Mt Alexander will produce a high value saleable concentrate.
With only a small amount of drill holes completed at Investigators, there is strong exploration upside to extend and discover further mineralisation at the prospect.
St George has confirmed significant intervals of high grade nickel-copper sulphide mineralisation from diamond drilling at the Stricklands Prospect.
Preliminary XRF readings on drill core to date continues to unveil the exploration potential that the Mt Alexander Project possesses.
St George has wrapped up an initial 1580 metre reverse circulation drilling program at the Bristol gold target. Deeper drilling will be considered subject to assay results.