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.
467 stories · page 19 of 24
St George continues to deliver outstanding exploration results with another two EM conductors confirmed as nickel‐copper sulphide mineralisation. Shares in the company have almost tripled over the past month.
The nickel values of the massive sulphide range from 6.7% nickel to 10.9% nickel and average 8.9% nickel. Shares are expected to trade higher at the open of trade.
The untested EM conductors being drilled by St George have similar geophysical responses to the three EM conductors drilled in 2008 by BHP Billiton Nickel West, all of which intersected high grade nickel-copper sulphide mineralisation.
St George has received over $1.3 million in SPP applications to date, which is over 500% of the target of $255,000. Drilling will commence shortly at the Mt Alexander and East Laverton Projects, providing strong near-term exploration news f
John Prineas, executive chairman, commented: “The results of the Technical Review are very favourable and, with drilling to start very soon, provide further reassurance that the EM conductors to be tested will result in exploration su
The significant widths of anomalous mineralisation and alteration in OXFRC003 represent a signature typically encountered on the periphery of a large gold system. The first ever drilling at Ascalon will commence in a few weeks.
BHP Billiton Nickel West drilled three EM conductors at Cathedrals in 2008 and all three were confirmed as high grade nickel-copper sulphide mineralisation. Results from St George's exploration program will be highly anticipated.
John Prineas, executive chairman, commented: “We are very pleased to welcome Mr Terry Streeter, who has an outstanding record of success in the WA nickel sector, as a major shareholder in St George."
St George’s technical team, in conjunction with geophysical consultants Newexco, have commenced a comprehensive review. Further massive sulphide targets have been revealed. Drilling will begin in April 2016.
John Prineas, executive chairman, said: “Further DHEM modelling at the Windsor target is very promising and supports the potential for massive nickel sulphide mineralisation."
St George is gearing up for a drilling program in the Yilgarn Craton of Western Australia, which is world class and boasts an endowment of over 300 million ounces of gold.
High grade nickel-copper sulphides were discovered at Mt Alexander in 2008 from drilling at the Cathedrals Prospect. Follow-up drilling at intersected massive, matrix and disseminated sulphides.
St George Mining has offered investors more opportunity to benefit from newsflow around its highly prospective East Laverton base and precious metal project in Western Australia as a new drilling campaign at the site gets underway.
