Proactiveinvestors USA & Canada St George Mining Ltd https://www.proactiveinvestors.com Proactiveinvestors USA & Canada St George Mining Ltd RSS feed en Fri, 19 Jul 2019 05:12:33 -0400 http://blogs.law.harvard.edu/tech/rss Genera CMS action@proactiveinvestors.com (Proactiveinvestors) action@proactiveinvestors.com (Proactiveinvestors) <![CDATA[News - St George Mining Ltd intersects massive sulphides, up to 15% nickel ]]> https://www.proactiveinvestors.com/companies/news/165331/st-george-mining-ltd-intersects-massive-sulphides-up-to-15-nickel-70736.html St George Mining Ltd (ASX:SGQ) has discovered multiple intersections of massive nickel-copper sulphides at the Investigators prospect located within the Mt Alexander Project in Western Australia.

Preliminary XRF assays show grades of up to 15% nickel and 5.5% copper from three new diamond drill holes.

Drilling success has now identified nickel-copper sulphides recurrent over a 3.5 kilometre strike length.

Assays are expected progressively during September and further drilling is planned to test the extent of mineralisation.

John Prineas, chairman, commented: “The multiple intersections of massive sulphides at Investigators, including at very shallow depths, occur over a strike length of 1.3 kilometres and demonstrate an under‐explored nickel‐copper system at Mt Alexander that is growing with every drill programme completed by St George.”


Detailed drill results

Further massive sulphides have been discovered in three diamond holes - MAD37, MAD38 and MAD40.

MAD37 tested Anomaly 5 at Investigators and intersected:

- 24.5 metres from 98 metres depth of ultramafic with occasional disseminated sulphides followed by 0.5 metres of heavy disseminated sulphides; followed by 

- 0.75 metres from of massive sulphides with spot XRF readings averaging 6.3% nickel and 5.5% copper.

MAD38 tested Anomaly 4 at Investigators and intersected:

- 13.5 metres from 12 metres depth of partially weathered ultramafic followed by 2.1 metres of disseminated stringer and vein sulphides; followed by

- 0.6 metres of massive sulphides with spot XRF readings averaging 10% nickel and 3% copper.

MAD40 tested for an extension to previously identified mineralisation at Anomaly 2 and intersected:

- 14.85 metres from 93 metres depth of occasional blebby and disseminated sulphides; followed by

- 0.87 metres massive sulphides with spot XRF readings averaging 15% nickel and 1% copper.

Further drilling will be planned once the down-hole electromagnetic survey results are reviewed and geological modelling of the area is updated.

Mt Alexander  The Mt Alexander Project is located 120 kilometres south-southwest of the Agnew-Wiluna belt which hosts numerous world class nickel deposits.

The project comprises three granted exploration licences – E29/638, E29/548 and E29/962.

Cathedrals, Stricklands and the Investigators prospects are located on E29/638, which is held in joint venture by Western Areas Limited (25%) and St George (75%).

St George is the manager of the project with Western Areas retaining a 25% non-contributing interest in the project (in regard to E29/638 only) until there is a decision to mine.


Analysis

Preliminary XRF readings on drill core to date continues to unveil the exploration potential that the Mt Alexander Project possesses. 

The new discoveries at Investigators are a major milestone for the Mt Alexander Project and further reinforce its status as a significant nickel sulphide project in Western Australia.

The shallow mineralisation provides for low cost exploration and supports favourable project economics.

With assays from the completed drilling at Mt Alexander to be progressively released throughout September, St George is well positioned for upcoming news flow.

Furthermore, the company is awaiting gold assays from its completed 17 hole drill program at the wholly-owned East Laverton Project in Western Australia.

St George is well funded having recently completed a private placement of ordinary shares that has raised $6.47 million.

The stock is up 90% year to date, currently trading at $0.135.

The major shareholders include a number of resources focused funds, John Prineas, the executive chairman and ASX-listed nickel producer Western Areas Ltd (ASX:WSA).

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Tue, 30 Aug 2016 12:00:00 -0400 https://www.proactiveinvestors.com/companies/news/165331/st-george-mining-ltd-intersects-massive-sulphides-up-to-15-nickel-70736.html
<![CDATA[News - St George Mining Ltd has gold assays pending from East Laverton ]]> https://www.proactiveinvestors.com/companies/news/165330/st-george-mining-ltd-has-gold-assays-pending-from-east-laverton-70643.html St George Mining Ltd (ASX:SGQ) has now wrapped up an initial 1580 metre reverse circulation drilling program at the Bristol gold target, part of the wholly-owned East Laverton Project in Western Australia.

The program covered 17 holes.

Six drill holes were drilled to test the bedrock and regolith geology along a gold anomaly that extends for over 1 kilometre.

The gold anomaly is within a broad supergene horizon – typically at around 40 metres depth.

A further eleven short drill holes were completed across the prominent magnetic anomaly at Bristol to test for supergene gold mineralisation and to determine the bedrock geology.

Deeper drilling in this area will be considered subject to assay results.


Bristol background

The gold anomaly at Bristol was identified by shallow drilling completed in the 1990’s which intersected widespread anomalous gold (>0.5g/t) along the contact of the Bristol ultramafics/mafics with granites – a favourable setting for gold mineralisation.


New drilling at Ascalon

At the Ascalon gold target, drilling is underway in the follow‐up program of ten reverse circulation holes over 2000 metres.

The initial reconnaissance drilling by St George identified a prospective hydrothermal gold system that could potentially extend over 2 kilometres.


John Prineas, executive chairman, commented:

“The priority gold targets at East Laverton satisfy key targeting criteria for significant gold deposits – including important early fundamental structures that are first order controls on gold mineralisation.

“Our drill programs represent the first ever systematic exploration for gold at these targets and provide an opportunity for an exploration breakthrough in this highly prospective yet under-explored area.”

 

Proactive Investors is a global leader reporting financial news, media, research and hosts events for listed emerging growth companies and investors across four continents.

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Wed, 24 Aug 2016 13:30:00 -0400 https://www.proactiveinvestors.com/companies/news/165330/st-george-mining-ltd-has-gold-assays-pending-from-east-laverton-70643.html
<![CDATA[News - St George Mining Ltd completes heavily oversubscribed raising ]]> https://www.proactiveinvestors.com/companies/news/165329/st-george-mining-ltd-completes-heavily-oversubscribed-raising-70558.html St George Mining Ltd (ASX:SGQ) has completed a private placement of ordinary shares that has raised $6.47 million of funding for its exploration projects in Western Australia.

The placement included circa 43.2 million shares at $0.15 with one for five free attaching option exercisable at $0.20 on or before 30 June 2017.

St George has recently been on a massive nickel-copper sulphide mineralisation discovery streak at the Mt Alexander Project.

The project is located 120 kilometres south‐southwest of the Agnew-Wiluna belt which hosts numerous world class nickel deposits.

In 2008, BHP Billiton (ASX:BHP) discovered massive nickel-copper sulphides at Mt Alexander, but then it remained under-explored until it was acquired by St George.

The project is in a favourable location for infrastructure.


Portfolio

Adding to the St George portfolio, is the East Laverton and Hawaii projects.

East Laverton hosts high priority targets for gold and nickel sulphide over three greenstone belts.

The project is located near the two most recent world-class gold discoveries in Western Australia, being the plus 8 million gold ounce Tropicana, and the plus 6 million gold ounce Gruyere.

Hawaii is at an early stage of exploration.

 

Proactive Investors is a global leader reporting financial news, media, research and hosts events for listed emerging growth companies and investors across four continents.

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Fri, 19 Aug 2016 09:30:00 -0400 https://www.proactiveinvestors.com/companies/news/165329/st-george-mining-ltd-completes-heavily-oversubscribed-raising-70558.html
<![CDATA[News - St George Mining Ltd continues massive sulphide streak ]]> https://www.proactiveinvestors.com/companies/news/165328/st-george-mining-ltd-continues-massive-sulphide-streak-70505.html St George Mining Ltd (ASX:SGQ) has intersected additional massive nickel-copper sulphide mineralisation at the Cathedrals Prospect within the Mt Alexander Project in Western Australia.

Mt Alexander Project is located 120 kilometres south‐southwest of the Agnew-Wiluna belt which hosts numerous world class nickel deposits.

The latest drilling details are from MAD35, which was completed to a downhole depth of 95.4 metres and intersected:

- 4.18 metres of ultramafic with disseminated, blebby and some stringer sulphides from , from 60 metres; and
- 1.86 metres of massive sulphides (average XRF values of 8.3% nickel, 3.6% copper) and
then 15cm of ultramafic with stringer sulphides on contact with granite from 64 metres.

The intersection of massive nickel‐copper sulphides in MAD35 is down‐dip from both MAD15 and MAD16, with mineralisation open to the north.

John Prineas, executive chairman, commented:

"With high grades of nickel, copper, cobalt and PGEs already confirmed at Cathedrals, we are very pleased to see more massive nickel-copper sulphides being identified in this area.

"The Cathedrals ultramafic extends for over 400 metres and remains underexplored.

"The latest drilling success provides confidence that ongoing infill and extensional drilling at Cathedrals will continue to identify further nickel‐copper mineralisation."

 

Proactive Investors is a global leader reporting financial news, media, research and hosts events for listed emerging growth companies and investors across four continents.

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Thu, 18 Aug 2016 08:30:00 -0400 https://www.proactiveinvestors.com/companies/news/165328/st-george-mining-ltd-continues-massive-sulphide-streak-70505.html
<![CDATA[News - St George Mining Ltd secures funds to accelerate Mt Alexander discovery ]]> https://www.proactiveinvestors.com/companies/news/165327/st-george-mining-ltd-secures-funds-to-accelerate-mt-alexander-discovery-70446.html St George Mining Ltd (ASX:SGQ) has received strong support in an oversubscribed placement showing investor’s continued support even after the recent share price gains.

The company raised A$6.47 million from sophisticated and institutional investors to accelerate exploration at the Mt Alexander high grade nickel-copper sulphide project.

The flagship Mt Alexander project alongside the East Laverton and Hawaii projects are located in the Yilgarn Craton region of Western Australia.

John Prineas, executive chairman, commented: “The placement provides St George with a strong balance sheet that allows us to vigorously progress the tremendous exploration opportunity at the Mt Alexander Project.
 
“Since commencing drilling at the project earlier this year, we have intersected massive nickel-copper sulphides at three prospects and expanded the Cathedrals nickel‐copper sulphide belt to 3.5 kilometres of recurrent mineralisation.”
 

Placement details

A total of 43,165,470 shares will be issued at $0.15 per share to raise A$6.47 million.

Shares will come with one free attaching option exercisable at $0.20 on or before 30 June 2017 for every five shares applied for.

The new funds will allow St George to aggressively continue exploration activities at the Mt Alexander Project where nickel‐copper sulphides have been discovered over a broad area, supporting the potential for a new nickel sulphide camp.


Mt Alexander

The Mt Alexander Project is located 120 kilometres south-southwest of the Agnew-Wiluna belt which hosts numerous world class nickel deposits.

The project comprises three granted exploration licences – E29/638, E29/548 and E29/962.

Cathedrals, Stricklands and the Investigators prospects are located on E29/638, which is held in joint venture by Western Areas Limited (25%) and St George (75%).

St George is the manager of the project with Western Areas retaining a 25% non-contributing interest in the project (in regard to E29/638 only) until there is a decision to mine.


Drilling

St George is conducting additional drilling at Mt Alexander to test three strong EM conductors at the Investigators Prospect.

St George's first drill program at Mt Alexander commenced in April 2016, and in a short space of time the company made new discoveries of massive sulphides at the Stricklands and Investigators Prospects.

This added to the discovery made by BHP Billiton at the Cathedrals Prospect.


Analysis

The investor support St George has experienced in this placement not only provides funding for the ongoing exploration programs but supports the exploration potential of the company’s projects.

Preliminary XRF readings on drill core to date has seen multiple massive sulphide sections yielding up to 13.1% copper and 8.7% nickel.

The shallow mineralisation provides for low cost exploration and supports favourable project economics.

The diamond drilling now in progress at Mt Alexander to test EM conductors will act as a near term potential value driver for the company.

The company is trading above the placement price and is up 130% year to date at $0.165.

The major shareholders include a number of resources focused funds, John Prineas, the executive chairman and ASX-listed nickel producer Western Areas Ltd (ASX:WSA).

 

Proactive Investors is a global leader reporting financial news, media, research and hosts events for listed emerging growth companies and investors across four continents.

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Mon, 15 Aug 2016 12:50:00 -0400 https://www.proactiveinvestors.com/companies/news/165327/st-george-mining-ltd-secures-funds-to-accelerate-mt-alexander-discovery-70446.html
<![CDATA[News - St George Mining Ltd to lift cash for massive sulphides and gold ]]> https://www.proactiveinvestors.com/companies/news/165326/st-george-mining-ltd-to-lift-cash-for-massive-sulphides-and-gold-70372.html St George Mining Ltd (ASX:SGQ) is heading to market with a capital raising, and the ASX has granted the company a trading halt to prepare.

St George recently discovered massive nickel-copper sulphides in Western Australia, where it is also drilling for gold.

The halt will remain in place until the opening of trade on Monday 15th August 2016, or earlier if an announcement is made to the market.

 

Proactive Investors is a global leader reporting financial news, media, research and hosts events for listed emerging growth companies and investors across four continents.

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Thu, 11 Aug 2016 11:00:00 -0400 https://www.proactiveinvestors.com/companies/news/165326/st-george-mining-ltd-to-lift-cash-for-massive-sulphides-and-gold-70372.html
<![CDATA[News - St George Mining Ltd extends hunt for more massive nickel-copper sulphides ]]> https://www.proactiveinvestors.com/companies/news/165325/st-george-mining-ltd-extends-hunt-for-more-massive-nickel-copper-sulphides-70356.html St George Mining Ltd (ASX:SGQ) will conduct additional drilling to test three strong EM conductors at the Investigators Prospect, within the Mt Alexander Project in Western Australia.

St George's first drill program at Mt Alexander commenced in April 2016, and in a short space of time the company made new discoveries of massive sulphides at the Stricklands and Investigators Prospects.

This added to the discovery made by BHP Billiton at the Cathedrals Prospect.

John Prineas, executive chairman, commented: “The number of drill holes that have intersected nickel‐copper sulphide mineralisation in the Cathedrals Belt has increased from six to twenty, with fifteen of these intersecting massive sulphides.

"We have extended the strike length of recurrent nickel‐copper mineralisation in the Belt from 400 metres to 3.5 kilometres.

“These are tremendous achievements and we are pleased to be able to extend the current drill program at Mt Alexander to test the outstanding Investigators conductors.”


Mt Alexander

The Mt Alexander Project is located 120 kilometres south-southwest of the Agnew-Wiluna belt which hosts numerous world class nickel deposits.

The project comprises three granted exploration licences – E29/638, E29/548 and E29/962.

Cathedrals, Stricklands and the Investigators prospects are located on E29/638, which is held in joint venture by Western Areas Limited (25%) and St George (75%).

St George is the manager of the project with Western Areas retaining a 25% non-contributing interest in the project (in regard to E29/638 only) until there is a decision to mine.

 

Proactive Investors is a global leader reporting financial news, media, research and hosts events for listed emerging growth companies and investors across four continents.

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Wed, 10 Aug 2016 13:30:00 -0400 https://www.proactiveinvestors.com/companies/news/165325/st-george-mining-ltd-extends-hunt-for-more-massive-nickel-copper-sulphides-70356.html
<![CDATA[News - St George Mining Ltd delivers new exploration milestone ]]> https://www.proactiveinvestors.com/companies/news/165324/st-george-mining-ltd-delivers-new-exploration-milestone-70305.html St George Mining Ltd (ASX:SGQ) is continuing to discover massive nickel-copper sulphides in the Cathedrals Belt with two more drill holes completed at Investigators, within the Mt Alexander Project in Western Australia.

Massive sulphides within mineralised ultramafics in the Cathedrals Belt now identified recurrently over 3 kilometres.

John Prineas, executive chairman, commented: "The outstanding success rate for drill testing EM conductors in prospective ultramafics in the Cathedrals Belt is continuing.

"The intersection of a mineralised ultramafic in the far west of the Cathedrals Belt is another major exploration milestone.

"This has substantially increased the extent of massive nickel‐copper sulphides in the Belt and identified a new target area that is prospective for further discoveries."


Analysis

Further drill holes will be announced this week pending results from ongoing DHEM surveys and geological modelling.

The drill rig has also mobilised to the Cathedrals Prospect where two strong off-hole DHEM conductors will be tested.

 

Proactive Investors is a global leader reporting financial news, media, research and hosts events for listed emerging growth companies and investors across four continents.

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Mon, 08 Aug 2016 14:00:00 -0400 https://www.proactiveinvestors.com/companies/news/165324/st-george-mining-ltd-delivers-new-exploration-milestone-70305.html
<![CDATA[News - St George Mining Ltd discovers massive nickel-copper sulphides at unexplored prospect ]]> https://www.proactiveinvestors.com/companies/news/162433/st-george-mining-ltd-discovers-massive-nickel-copper-sulphides-at-unexplored-prospect-70151.html St George Mining Ltd (ASX:SGQ) has discovered massive nickel-copper sulphides in the maiden drilling program at the Investigators Prospect, located within the Mt Alexander Project in Western Australia.

- MAD31 has intersected massive sulphide mineralisation at 112 metres depth in the extremely conductive Anomaly 2 (86,500 Siemens).

- MAD32 has intersected massive sulphide mineralisation at 52 metres depth testing an offhole downhole electromagnetic (DHEM) plate from MAD24.

The massive sulphides in MAD31 include a pentlandite vein that runs most of the length of the intersection with an average nickel value (based on field XRF analysis) of 28% nickel.

John Prineas, executive chairman, commented:

“The new discoveries at Investigators and Stricklands, with evidence of exceptionally high grade mineralisation, highlight the increasing prospectivity of the underexplored Mt Alexander Project.

“The successful drilling by St George has significantly expanded the size of the high grade nickel-copper system in the Cathedrals Belt and established Mt Alexander as a new and significant nickel sulphide project in Western Australia.”


Analysis

The discovery of massive nickel‐copper sulphides within a mineralised ultramafic at the previously unexplored Investigators prospect is another significant milestone for exploration at Mt Alexander.

The drilling by St George has confirmed that the sulphides within mineralised ultramafics in the Cathedrals Belt extend intermittently for over 2.5 kilometres, with further targets to be tested.

The next results will be highly anticipated as this will start to outline the scale of the discovery.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Mon, 01 Aug 2016 13:30:00 -0400 https://www.proactiveinvestors.com/companies/news/162433/st-george-mining-ltd-discovers-massive-nickel-copper-sulphides-at-unexplored-prospect-70151.html
<![CDATA[News - St George Mining Ltd identifies gold-prospective system at East Laverton ]]> https://www.proactiveinvestors.com/companies/news/162432/st-george-mining-ltd-identifies-gold-prospective-system-at-east-laverton-70122.html St George Mining Ltd's (ASX:SGQ) initial drilling at the Ascalon prospect has confirmed an extensive metal-rich hydrothermal system with associated anomalous gold mineralisation.

Ascalon is within St George's wholly-owned East Laverton Project in Western Australia.

Assay results have been received for four drill holes.

John Prineas, executive chairman, commented:

“The initial results at Ascalon are very encouraging and follow‐up targets have already been identified.

“Early indications at Bristol are also positive and we are eagerly waiting the first assays from the completed holes there.

“These early indications of potential gold mineralisation give us confidence in expanding our gold exploration and drilling program at East Laverton.”

St George’s East Laverton Project is a dominant landholding in the under-explored eastern margin of the North Eastern Goldfields.

The project is surrounded by major gold mines with the +8M million ounce Tropicana deposit to the east, the +6 million ounce Gruyere deposit to the north and the world class Laverton gold field to the northwest.

The strong history of gold discoveries in the region illustrates the potential for the under-explored East Laverton Project to also host economic gold mineralisation.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Fri, 29 Jul 2016 14:00:00 -0400 https://www.proactiveinvestors.com/companies/news/162432/st-george-mining-ltd-identifies-gold-prospective-system-at-east-laverton-70122.html
<![CDATA[News - St George Mining Ltd reveals more nickel-copper sulphide potential ]]> https://www.proactiveinvestors.com/companies/news/162431/st-george-mining-ltd-reveals-more-nickel-copper-sulphide-potential-70094.html St George Mining Ltd (ASX:SGQ) has now completed another two holes at its ongoing program at the Mt Alexander Project in Western Australia.

These holes have confirmed favourable geology for massive nickel-copper sulphide mineralisation.

The confirmation that ultramafics occur this far west in the previously unexplored Investigators Prospect supports the prospectivity of this area for further discoveries of massive nickel-copper sulphides.

John Prineas, executive chairman, commented:

“The new EM data continues to indicate that the conductors at Investigators are outstanding targets for massive nickel-copper sulphides.

“The drilling data from MAD29 and MAD30 has confirmed the presence of prospective ultramafic at Investigators, and that provides even more encouragement for potential new discoveries there.

“Drilling of MAD31 to test the re-modelled Anomaly 2 commenced yesterday afternoon, and we look forward to announcing results early next week.”


Stricklands Prospect

Earlier in the month St George discovered nickel-copper sulphides at the Stricklands Prospect, also within Mt Alexander.

The mineralised ultramafic unit is located only 50 metres below the surface

This outlines the potential for a large mineralised zone at Stricklands, which will be further investigated by DHEM surveys and drilling.


Mt Alexander

The Mt Alexander Project is located 120 kilometres south-southwest of the Agnew-Wiluna belt which hosts numerous world class nickel deposits.

The project comprises three granted exploration licences – E29/638, E29/548 and E29/962.

Cathedrals, Stricklands and the Investigators prospects are located on E29/638, which is held in joint venture by Western Areas Limited (25%) and St George (75%).

St George is the manager of the project with Western Areas retaining a 25% non-contributing interest in the project (in regard to E29/638 only) until there is a decision to mine.


Analysis

St George will continue to have steady exploration news flow as drilling is ongoing.

Shares in the company last traded at $0.20, or around three times higher than at the start of 2016.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Thu, 28 Jul 2016 10:00:00 -0400 https://www.proactiveinvestors.com/companies/news/162431/st-george-mining-ltd-reveals-more-nickel-copper-sulphide-potential-70094.html
<![CDATA[News - St George Mining Ltd discovers massive nickel-copper sulphides at Mt Alexander ]]> https://www.proactiveinvestors.com/companies/news/162430/st-george-mining-ltd-discovers-massive-nickel-copper-sulphides-at-mt-alexander-69981.html St George Mining Ltd (ASX:SGQ) has achieved its objective of discovering nickel‐copper sulphide at the Mt Alexander Project in Western Australia.

Shares are expected to open higher.

The discovery was made at Stricklands Prospect from drilling two previously untested downhole electromagnetic (DHEM) conductors.

The mineralised ultramafic unit is located only 50 metres below the surface

This outlines the potential for a large mineralised zone at Stricklands, which will be further investigated by DHEM surveys and drilling.

John Prineas, executive chairman, commented:

“Our continued exploration success in the Cathedrals Belt confirms that this is a highly mineralised belt with strong prospectivity for additional nickel-copper sulphide discoveries.

“The results at Stricklands appear to be the best intersections to date outside Cathedrals and are very promising for the economic potential of the area.

“The effectiveness of our combined EM and geological targeting in the Cathedrals Belt makes the strong conductors at Investigators very compelling targets, and we are excited to be commencing the first ever drilling at Investigators today.”


Drilling details

Both new drill holes have intersected significant intervals of massive nickel-copper sulphides where predicted by the modelled EM conductors.

- MAD26 was completed to a downhole depth of 105.1 metres and intersected 4 metres of massive nickel-copper sulphide mineralisation from 53.9 metres. Spot XRF readings range from 3% nickel to 7% nickel and 0.7% copper to 1.4% copper.

- MAD27 was completed to a downhole depth of 148 metres and intersected 2 metres of massive nickel-copper sulphide mineralisation from 71.25 metres. Spot XRF readings range from 2% nickel to 7.9% nickel and 1.2% copper to 6.9% copper.

Above the massive sulphide is 10 metres of ultramafic with intermittent disseminated and stringer sulphide mineralisation.


Analysis

The successful drilling at Cathedrals and Stricklands has significantly increased the nickel-copper sulphide system at Mt Alexander.

This could be substantially expanded by the imminent drilling at the Investigators Prospect.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Fri, 22 Jul 2016 09:30:00 -0400 https://www.proactiveinvestors.com/companies/news/162430/st-george-mining-ltd-discovers-massive-nickel-copper-sulphides-at-mt-alexander-69981.html
<![CDATA[News - St George Mining Ltd asks for halt for highly anticipated Mt Alexander results ]]> https://www.proactiveinvestors.com/companies/news/162429/st-george-mining-ltd-asks-for-halt-for-highly-anticipated-mt-alexander-results-69919.html St George Mining Ltd (ASX:SGQ) has been granted a trading halt by the ASX, pending significant results from exploration drilling at the Mt Alexander Project in Western Australia.

Drilling at Mt Alexander earlier this year was by all measures, successful. Multiple high grade nickel-copper sulphides were intersected over a broad area.

This lends credence to the mineral system at Mt Alexander being much larger than historical drilling had shown.

The halt will remain in place until the opening of trade on Friday 22nd July 2016, or earlier if an announcement is made to the market.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Wed, 20 Jul 2016 12:30:00 -0400 https://www.proactiveinvestors.com/companies/news/162429/st-george-mining-ltd-asks-for-halt-for-highly-anticipated-mt-alexander-results-69919.html
<![CDATA[News - St George Mining Ltd prepares the diamond rig for Mt Alexander ]]> https://www.proactiveinvestors.com/companies/news/162428/st-george-mining-ltd-prepares-the-diamond-rig-for-mt-alexander-69728.html St George Mining Ltd (ASX:SGQ) is set to commence a diamond drilling program this week at the company's Mt Alexander Project in Western Australia.

Nine of the ten targets to be drilled are located within the Cathedrals Belt, where every EM conductor drilled to date has been demonstrated to be nickel-copper sulphide mineralisation.

The other target to be tested is at the Transits Prospect, located to the north of the Cathedrals Belt in an area that has never been drilled.

John Prineas, executive chairman, commented:

"This highly anticipated drill program will test several quality targets that have outstanding potential for further nickel-copper sulphide discoveries.

“Our drilling at Mt Alexander earlier this year was very successful.

"We intersected multiple high grade nickel-copper sulphides over a broad area, indicating that the mineral system at Mt Alexander is much larger than historical drilling had shown.

“We are confident that the next round of drilling will build on this success.“


Drilling details

There will also be the first ever drilling at the Investigators Prospect which will test three EM conductors identified by surface moving loop EM (MLEM) survey.

While drilling at the Cathedrals and Stricklands Prospects will test downhole EM (DHEM) conductors that may be extensions of known mineralisation or potentially new massive sulphide mineralisation.

Diamond drilling will cover 1370 metres.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Mon, 11 Jul 2016 12:00:00 -0400 https://www.proactiveinvestors.com/companies/news/162428/st-george-mining-ltd-prepares-the-diamond-rig-for-mt-alexander-69728.html
<![CDATA[News - St George Mining Ltd discovers nickel-copper sulphides in Western Australia ]]> https://www.proactiveinvestors.com/companies/news/162427/st-george-mining-ltd-discovers-nickel-copper-sulphides-in-western-australia-69516.html St George Mining Ltd (ASX:SGQ) has confirmed the discovery of nickel-copper sulphide mineralisation through maiden assays from the Stricklands Prospect within the Mt Alexander Project in Western Australia.

Each of the three new drill holes at Stricklands intersected high grade nickel‐copper sulphide mineralisation including 2.78 metres at 1.62% nickel, 2.51% copper, 0.07% cobalt and 1.88 g/t PGEs.

Assays suggest the potential for further high grade massive nickel-copper sulphide mineralisation within the project.

Down hole surveys of drill holes have identified several electromagnetic conductors that warrant immediate testing.

John Prineas, executive chairman, commented: “We are seeing high grades of nickel and copper in multiple intersections across the project area, which highlights the fertility of the large mineral system at the Cathedrals Belt.

"The sulphides are also high in cobalt and PGEs, further enhancing the potential value of this mineralisation.

"We are increasingly confident that our upcoming drill programme will deliver further exploration success".


Drill result details

Assays were received for four drill holes, three from the Stricklands prospect (MAD20, MAD22, MAD23) and one from the Cathedrals prospect.

Drill hole MAD20 intersected 9.3 metres of weak‐moderate disseminated mineralisation from 44.2 metres depth grading into matrix and massive sulphides with 0.93 metres at 2.5% nickel, 0.68% copper, 0.16% cobalt and 1.1 g/t PGEs.
 
Drill hole MAD22 intersected 7.95 metres of moderate disseminated‐blebby sulphide mineralisation from 41.9 metres grading into stringer and massive sulphides with 2.78 metres at 1.62% nickel,
2.51% copper, 0.07% cobalt and 1.88 g/t PGEs.

Drill hole MAD23 intersected 3.75 metres of moderate blebby‐disseminated sulphides from 53.7 metres grading into matrix sulphides with 1.5 metres at 1.29% nickel, 0.57% copper, 0.06% cobalt and 1.11 g/t PGEs.


Mt Alexander Project

The Mt Alexander Project comprises three granted exploration licences and is located 120 kilometres south‐southwest of the Agnew‐Wiluna belt which hosts numerous world class nickel deposits.
 
The Cathedrals nickel‐copper discovery as well as the Stricklands and Investigators Prospects are held in joint venture with Western Areas Ltd (ASX:WSA).

St George is the manager and holds a 75% interest with Western Areas retaining a 25% non‐contributing interest until a decision to mine.


Analysis

St George’s discovery of massive nickel-copper sulphides at Stricklands is important in the evolving exploration model at Mt Alexander.

It also confirms that the high grade mineral system in the Cathedrals Belt is much more extensive than previous drilling had indicated.

Furthermore, it has positive implications for the multiple ultramafic belts to the south of the Cathedrals Belt, which remain under-explored.

The discovery of high grade nickel‐copper sulphides at Stricklands suggests the mineralised ultramafics in the Cathedrals Belt extend intermittently for over 3 kilometres.

An upcoming drill programme will be announced next week, with drilling planned to commence late next week.

St George shares are trading up 110% year to date as it continues its dual exploration focus on nickel and gold in Western Australia.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Wed, 29 Jun 2016 12:30:00 -0400 https://www.proactiveinvestors.com/companies/news/162427/st-george-mining-ltd-discovers-nickel-copper-sulphides-in-western-australia-69516.html
<![CDATA[News - St George Mining Ltd to drill bedrock conductors at Investigators Prospect ]]> https://www.proactiveinvestors.com/companies/news/162426/st-george-mining-ltd-to-drill-bedrock-conductors-at-investigators-prospect-69334.html St George Mining Ltd (ASX:SGQ) will drill three high priority electromagnetic (EM) bedrock conductors at the Investigators Prospect, located within the Mt Alexander Project in Western Australia.

Investigators is located in the interpreted western extent of the Cathedrals fault zone, and directly along strike from the Stricklands and Cathedrals Prospects where high grade nickel-copper sulphide mineralisation has already been discovered.

The Investigators area was previously unexplored with no prior EM coverage or drill testing, with the three bedrock EM conductors consistent with massive sulphide bodies.

John Prineas, managing director, commented:

“We are very pleased that our first phase of exploration at Investigators has successfully delivered three new high priority EM conductors for drill testing.

“Every EM conductor that has been tested in the Cathedrals fault zone has intersected nickel‐copper sulphides, and these new targets - in an area that has never been drilled - have excellent potential for further discoveries.

“Anomaly 2 at Investigators, with its very high conductivity, is a standout target and could provide a major exploration milestone at Mt Alexander.”


Mt Alexander Project

The Mt Alexander Project is located 120 kilometres south-southwest of the Agnew-Wiluna belt which hosts numerous world class nickel deposits.

The project comprises three granted exploration licences – E29/638, E29/548 and E29/962.

The Cathedrals nickel-copper discovery as well as the Stricklands and Investigators Prospects are located on E29/638, which is held in joint venture by Western Areas Ltd (25%) and St George (75%).

St George is the manager of the project with Western Areas retaining a 25% non-contributing interest in the project (in regard to E29/638 only) until there is a decision to mine.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Tue, 21 Jun 2016 11:00:00 -0400 https://www.proactiveinvestors.com/companies/news/162426/st-george-mining-ltd-to-drill-bedrock-conductors-at-investigators-prospect-69334.html
<![CDATA[News - St George Mining Ltd hits high-grade nickel-copper at Cathedrals ]]> https://www.proactiveinvestors.com/companies/news/162425/st-george-mining-ltd-hits-high-grade-nickel-copper-at-cathedrals-69248.html St George Mining Ltd (ASX:SGQ) has now confirmed nickel-copper sulphide mineralisation at three separate targets at the Cathedrals prospect, within the Mt Alexander Project in Western Australia.

Highlights include: 1.17 metres at 8.75% nickel, 3.37% copper, 0.24% cobalt and 6.16g/t total PGEs from 30.17 metres.

There is a high correlation between handheld XRF analysis of massive nickel‐copper sulphides and assays.

More assays are pending, which will be followed by a new drilling program.

John Prineas, executive chairman, commented:

“Our maiden drilling program at Cathedrals has added significant new areas of mineralisation that build on the initial discovery of nickel-copper sulphide mineralisation by BHP Billiton in 2008.

“It is very pleasing to see our systematic planning deliver outstanding results so early in our exploration of this highly prospective but underexplored region.

“The high grades of nickel, copper and cobalt at Cathedrals are impressive and the attractiveness of the project is further substantially enhanced by the exceptionally high PGEs."


Mt Alexander

The Mt Alexander Project is located 120 kilometres south-southwest of the Agnew-Wiluna belt which hosts numerous world class nickel deposits.

The Cathedrals nickel-copper discovery as well as the Stricklands and Investigators Prospects are located on E29/638, which is held in joint venture by Western Areas Limited (25%) and St George (75%).

St George is the manager of the project with Western Areas retaining a 25% non-contributing interest in the project (in regard to E29/638 only) until there is a decision to mine.

 

Proactive Investors is a global leader reporting financial news, media, research and hosts events for listed emerging growth companies and investors across four continents.

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Thu, 16 Jun 2016 09:00:00 -0400 https://www.proactiveinvestors.com/companies/news/162425/st-george-mining-ltd-hits-high-grade-nickel-copper-at-cathedrals-69248.html
<![CDATA[News - St George Mining Ltd identifies gold system potential at East Laverton ]]> https://www.proactiveinvestors.com/companies/news/162424/st-george-mining-ltd-identifies-gold-system-potential-at-east-laverton-69189.html St George Mining Ltd's (ASX:SGQ) drilling at the Ascalon target has intersected mafic rocks with thick zones of hydrothermal alteration - which may have a gold association.

Four of the five planned drill holes at the Ascalon gold target have been completed, with the fifth underway.

Ascalon forms part of the company's wholly-owned East Laverton Project in Western Australia.

John Prineas, executive chairman, commented:

“The strong hydrothermal alteration in the Ascalon drill holes is consistent with a favourable system for gold mineralisation.

"This is a very good start to the drilling at Ascalon.

“At Bristol, previous shallow drilling has established a gold anomaly over 1 kilometre.

"Our drilling will be the first ever test of the bedrock geology there and also offers the potential for a breakthrough discovery.”

Assay results will provide a conclusive determination on the relationship between the favourable alteration encountered and the possible gold content.


Ascalon

Ascalon is hosted within the thickest section of the Minigwal greenstone belt, which is situated in the hanging wall of the Minigwal Fault.

The Minigwal fault is a deep (trans-lithospheric) structure providing a pathway for gold-rich hydrothermal fluids to move from the mantle into the upper crust.


Bristol

The Bristol gold target is situated along the Central Belt, where widespread anomalous gold (>0.5g/t gold) was encountered over a 1 kilometre strike length from shallow drilling in this area in the 1990's.

The average hole-depth for the past drilling was 40 metres and identified anomalous gold in the lower regolith.

Significantly, gold anomalism in seven of the eight drill holes occurs at the end of hole.

The continuation of this gold mineralisation, or the presence of bedrock gold mineralisation, has never been tested.

The gold anomalism is situated on the contact of the Bristol  ultramafics/mafics with granites, as defined by a distinct magnetic and gravity gradient.

This is a favourable setting for gold mineralisation.

St George’s drill holes are planned to test the bedrock and regolith geology along this extensive gold anomalous zone.

 

Proactive Investors is a global leader reporting financial news, media, research and hosts events for listed emerging growth companies and investors across four continents.

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Tue, 14 Jun 2016 11:00:00 -0400 https://www.proactiveinvestors.com/companies/news/162424/st-george-mining-ltd-identifies-gold-system-potential-at-east-laverton-69189.html
<![CDATA[News - St George Mining Ltd has gold drilling program underway at East Laverton ]]> https://www.proactiveinvestors.com/companies/news/162423/st-george-mining-ltd-has-gold-drilling-program-underway-at-east-laverton-68814.html St George Mining Ltd (ASX:SGQ) now has a major gold focused drilling program underway at the wholly-owned East Laverton Project in Western Australia.

The program will include the first ever drilling of bedrock geology at priority gold targets, which are located in a favourable structural setting with strong associated gold anomalism established by shallow historical drilling.

Ascalon is the first gold target to be drill tested with drilling costs co‐funded by a WA Government grant under the Exploration Incentive Scheme.

A total of 2300 metres of reverse circulation drilling is planned in the first phase.

The area already hosts the world-class Tropicana (+8 million gold ounces) and the Gruyere (+6 million gold ounces) deposits.

John Prineas, executive chairman, commented:

“We are very excited to begin drilling of our highly rated gold targets at East Laverton which satisfy key exploration targeting criteria for significant gold deposits.

“The targets have never been systematically explored for gold and provide us with an opportunity to make an important discovery.”

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Wed, 25 May 2016 14:30:00 -0400 https://www.proactiveinvestors.com/companies/news/162423/st-george-mining-ltd-has-gold-drilling-program-underway-at-east-laverton-68814.html
<![CDATA[News - St George Mining Ltd to distribute tax credits to shareholders ]]> https://www.proactiveinvestors.com/companies/news/162422/st-george-mining-ltd-to-distribute-tax-credits-to-shareholders-68753.html St George Mining Ltd (ASX:SGQ) has confirmed that the company has been approved for participation in the Exploration Development Incentive (EDI) which will entitle eligible shareholders to a tax credit for the tax year ending 30 June 2016.

The EDI is a Federal Government initiative that allows Australian resident shareholders to obtain a refundable tax offset for greenfield exploration undertaken by Australian junior exploration companies that do not derive any taxable income.

St George will participate in the EDI for the 2015/2016 tax year with $379,830 of tax credits approved by the Federal Government for distribution to eligible shareholders of St George Mining.


Record date

For shareholders to receive an EDI tax credit, they must be registered as holding ordinary shares in the company as at 5pm (WST) on Tuesday, 31 May 2016.

The EDI tax credit is available only to Australian resident shareholders.

Eligible shareholders will be notified of the EDI tax credit applicable to them by Computershare, which operates the St George share register.

The tax credit will be available for use in the 2015/2016 tax year.

A total of $379,830 of EDI tax credits are available for distribution to eligible shareholders of St George Mining on a pro rata basis.

The company currently has 207,193,095 shares on issue, equating to an EDI
tax credit of approximately $0.0018 per share.

Any shares issued upon exercise of options prior to the Record Date will be eligible for the EDI tax credit, and will impact on the final amount of the EDI tax credit distributed per share.

John Prineas, executive chairman, commented:

“We are pleased to be able to provide a tax benefit to St George shareholders through the EDI scheme.

“Greenfields exploration is the lifeblood of the mining industry and the Federal Government is to be commended for the introduction of the EDI scheme and its continued support of junior exploration companies.”


Exploration program

St George is actively exploring three projects in Western Australia.

1. Mt Alexander Project – high grade nickel‐copper sulphides have already been discovered at Mt Alexander with further drilling of targets for massive nickel-copper sulphides, including strong electromagnetic conductors, due to commence in late June 2016;

2. East Laverton Project – multiple high quality nickel sulphide and gold targets have been identified at East Laverton, with a gold focused drill program planned to commence this week; and

3. Hawaii Project – an early stage project with recently recognised unexplored greenstones.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Tue, 24 May 2016 07:00:00 -0400 https://www.proactiveinvestors.com/companies/news/162422/st-george-mining-ltd-to-distribute-tax-credits-to-shareholders-68753.html
<![CDATA[News - St George Mining Ltd advances dual nickel and gold exploration programs ]]> https://www.proactiveinvestors.com/companies/news/162421/st-george-mining-ltd-advances-dual-nickel-and-gold-exploration-programs-68739.html St George Mining Ltd (ASX:SGQ) has a dual-exploration focus in Western Australia, with the company active in regions with known world-class deposits.

Drilling at Mt Alexander is scheduled to re-commence in the last week of June 2016, while drilling of gold targets at East Laverton has been brought forward and will commence next week.


Mt Alexander

At Mt Alexander drilling has been successful in achieving a number of significant milestones.

Nickel-copper sulphide mineralisation was intersected in every EM conductor drill tested, along with the discovery of massive nickel-copper sulphides in the first ever drilling at the Stricklands Prospect.

Also, multiple intersections of high grade nickel-copper sulphides at two prospects including the discovery of massive nickel-copper sulphides 30 metres from surface.

John Prineas, managing director, commented:

“The downhole EM anomalies being identified at Cathedrals and Stricklands add to the new targets already established by the surface EM surveys at the unexplored Investigators and Transits prospects.

“These new EM conductors are shaping up as compelling drill targets for our next drill campaign at Mt Alexander, scheduled to start in about four weeks.

“With multiple intersections of high grade nickel-copper sulphides already over a wide area and further untested targets, the project has outstanding potential for further discoveries."


East Laverton

At East Laverton, a reverse circulation drill program will test gold targets, following a drill rig becoming available sooner than St George initially expected.

Ascalon will be the first target drilled.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Fri, 20 May 2016 10:00:00 -0400 https://www.proactiveinvestors.com/companies/news/162421/st-george-mining-ltd-advances-dual-nickel-and-gold-exploration-programs-68739.html
<![CDATA[News - St George Mining Ltd hits massive nickel-copper sulphides at Stricklands ]]> https://www.proactiveinvestors.com/companies/news/162420/st-george-mining-ltd-hits-massive-nickel-copper-sulphides-at-stricklands-68562.html St George Mining Ltd (ASX:SGQ) has intersected massive nickel-copper sulphides in the first ever drilling at the Stricklands Prospect, which is located within the Mt Alexander Project in Western Australia.

Drill holes MAD20, MAD22 and MAD23 targeted separate modelled EM conductors at the Stricklands Prospect, and all three have intersected nickel-copper sulphide mineralisation at shallow depths.

John Prineas, executive chairman, commented:

“The discovery of massive nickel-copper sulphides in the first ever drill program at Stricklands illustrates the strong potential that exists for additional new discoveries at Mt Alexander.

“The effectiveness of EM techniques and our rapidly increasing knowledge of the geology of the region are substantially enhancing the prospectivity of the project.

“With more EM targets being defined and drilling ongoing, we are in an excellent position to deliver further exploration success.”

Stricklands is located within the Cathedrals shear zone, 1 kilometre west-southwest of the Cathedrals Prospect where the initial discovery of nickel-copper sulphides was made by BHP Billiton in 2008.


Drilling details

MAD20 down 100.1 metres and intersected 7.9 metres of ultramafic-hosted sulphide mineralisation from 46.5 metres, comprising:

- 3.8 metres of weak-moderate disseminated sulphides.
- 1.65 metres of moderate increasing to heavy disseminated sulphides.
- 0.45 metres of matrix and stringer sulphides (spot XRF reading of 2.3% nickel, 0.5% copper).
- 0.5 metres of massive sulphide (spot XRF readings average 4.6% nickel, 1.9% copper).


MAD22 down 138.9 metres and intersected 4.7 metres of ultramafic-hosted sulphide mineralisation from 49 metres, comprising:

- 2.7 metres of ultramafic with thin stringer sulphides and veinlets.
- 0.8 metres massive nickel-copper sulphide stringers (spot XRF readings average 2.8% nickel, 8% copper).
- 1.2 metres minor blebby sulphides and sulphide veinlets.


MAD23 down 123.3 metres and intersected 4.25 metres of ultramafic-hosted sulphide mineralisation, comprising:

- 2.15 metres of weak disseminated and blebby sulphides.
- 1.85 metres of heavy disseminated sulphides (spot XRF readings average 0.8% nickel, 0.6% copper).
- 0.25 metres of massive sulphides (spot XRF readings average 2.3% nickel, 5.1% copper).

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Wed, 11 May 2016 14:00:00 -0400 https://www.proactiveinvestors.com/companies/news/162420/st-george-mining-ltd-hits-massive-nickel-copper-sulphides-at-stricklands-68562.html
<![CDATA[News - St George Mining Ltd strikes again at nickel-copper hot spot ]]> https://www.proactiveinvestors.com/companies/news/162419/st-george-mining-ltd-strikes-again-at-nickel-copper-hot-spot-68402.html St George Mining Ltd's (ASX:SGQ) Mt Alexander Project in Western Australia is becoming a hot spot as drilling at two EM conductors have returned further nickel-copper sulphide mineralisation.

This follows last months discovery of massive nickel-copper sulphides at a shallow depth of 30 metres below the surface.

It is no surprise that St George shares have been a hot ticket lately, surging from $0.088 in March to $0.23.

Drill holes MAD17 and MAD19 were completed by St George to test two separate downhole EM conductors located in the northern section of the Cathedrals Prospect below the Cathedrals ultramafic.

Both holes intersected nickel‐copper sulphide mineralisation where the EM conductors were modelled.

MAD17 intersected 6.5 metres of ultramafic‐hosted sulphide mineralisation from 164.5 metres which comprises:

- 4.5 metres of moderate increasing to strong disseminated sulphides (averages  0.65% nickel, 0.4% copper) with some interstitial stringer sulphides (the average was 2.1% nickel, 1% copper).

While the 2 metre interval averaged 4.3% nickel and 3.2% copper.

The results were based on XRF machine readings only and the nickel and copper content of the sulphide mineralisation will be confirmed when laboratory assays are available.

Promisingly, a total of four downhole EM conductors at Cathedrals have been tested in the current diamond drill program to date, with all four confirmed as nickel‐copper sulphide mineralisation.

This success rate provides encouragement to drill further EM conductors in prospective geological positions within the Cathedrals shear zone.



Further upside at Stricklands?

Drilling of MAD20 has commenced at the Stricklands Prospect, which has not been drilled before and it has six EM conductors which are planned for testing in this programme, which is 1 kilometres west‐southwest of the Cathedrals Prospect.

These EM conductors were identified by a fixed loop electromagnetic (FLEM) survey completed by BHP Billiton in 2010. They have similar geophysical responses to the massive nickel‐copper sulphide EM conductors drilled at the Cathedrals Prospect, and are also co‐incident with magnetic anomalies in the Cathedrals shear zone.


John Prineas, executive chairman, commented:

“Our drill program is continuing to deliver outstanding results with another two EM conductors confirmed as nickel‐copper sulphide mineralisation.

“Drilling has now commenced at the Stricklands Prospect where six previously untested EM conductors in prospective geological positions will be drilled.

“We have an excellent opportunity to make a discovery at Stricklands and the drilling results from these  targets will be highly anticipated.”

 

Proactive Investors is a global leader reporting financial news, media, research and hosts events for listed emerging growth companies and investors across four continents.

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Tue, 03 May 2016 09:45:00 -0400 https://www.proactiveinvestors.com/companies/news/162419/st-george-mining-ltd-strikes-again-at-nickel-copper-hot-spot-68402.html
<![CDATA[News - St George Mining Ltd discovers massive nickel-copper sulphide at Mt Alexander ]]> https://www.proactiveinvestors.com/companies/news/162418/st-george-mining-ltd-discovers-massive-nickel-copper-sulphide-at-mt-alexander-68293.html St George Mining Ltd (ASX:SGQ) has revealed that high-grade massive nickel-copper sulphide mineralisation has been intersected at the Mt Alexander Project in Western Australia.

Shares are expected to trade higher at the open of trade.

Massive nickel-copper sulphides were discovered at a shallow depth of 30 metres below the surface.

Three diamond holes have been drilled and two EM conductors have been tested at the Cathedrals Prospect so far in the current drill program.

Both of the EM conductors have been confirmed as nickel-copper sulphide mineralisation.

John Prineas, executive chairman, commented: “Our maiden drilling program has commenced successfully with two new discoveries of nickel-copper sulphide mineralisation in the two EM conductors tested so far.

“With multiple EM conductors still to drill, the potential for more discoveries is high.

We are also very excited by the new EM targets identified at the Investigators area – especially Anomaly 2 which, with its extreme conductivity, is a standout target for massive nickel-copper sulphides.

“The multiple occurrences of massive nickel-copper sulphide mineralisation across the project suggest strong potential for further significant discoveries.”

Drilling of high priority EM conductors at Cathedrals and Stricklands is continuing.

Mt Alexander Project is located 120 kilometres south-southwest of the Agnew-Wiluna belt which hosts numerous world class nickel deposits.


Drilling details

Drill holes MAD15 (100 metres depth) and MAD16 (120 metres depth) have been completed by St George, and diamond core drilling was completed from surface to the end of hole in both cases.

MAD15 intersected 9 metres of sulphide mineralisation from 22.4 metres, which included 2.17 metres of heavy disseminated and stringer sulphides, and 1.17 metres of massive nickel-copper sulphides.

The nickel values of the massive sulphide range from 6.7% nickel to 10.9% nickel and average 8.9% nickel.

Copper values in the massive sulphide range from 1.24% copper to 5.85% copper and average 3.2% copper.

St George said that these metal values are based on XRF analysis at 10cm spaced readings.

MAD16 intersected 9.5 metres of sulphide mineralisation from 51.7 metres, including 2.25 metres of moderate-heavy disseminated and blebby sulphides with multiple massive sulphide stringers.

The stringer and blebby sulphides have nickel and copper values up to 10-15% nickel and 10-15% copper, based on XRF analysis.

Results from these drill holes provide added confidence that the remaining EM conductors.

All three completed diamond holes have been cased with PVC-piping to allow for downhole EM surveys.

These surveys will investigate the potential for extensions to the massive sulphide mineralisation around the holes.

 

Proactive Investors is a global leader reporting financial news, media, research and hosts events for listed emerging growth companies and investors across four continents.

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Wed, 27 Apr 2016 10:00:00 -0400 https://www.proactiveinvestors.com/companies/news/162418/st-george-mining-ltd-discovers-massive-nickel-copper-sulphide-at-mt-alexander-68293.html
<![CDATA[News - St George Mining Ltd in halt pending Mt Alexander assays ]]> https://www.proactiveinvestors.com/companies/news/162417/st-george-mining-ltd-in-halt-pending-mt-alexander-assays-68247.html 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.

 

Proactive Investors is a global leader reporting financial news, media, research and hosts events for listed emerging growth companies and investors across four continents.

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Fri, 22 Apr 2016 16:30:00 -0400 https://www.proactiveinvestors.com/companies/news/162417/st-george-mining-ltd-in-halt-pending-mt-alexander-assays-68247.html
<![CDATA[News - St George Mining Ltd commences diamond drilling at Mt Alexander ]]> https://www.proactiveinvestors.com/companies/news/162416/st-george-mining-ltd-commences-diamond-drilling-at-mt-alexander-68128.html St George Mining Ltd (ASX:SGQ) has now commenced its highly anticipated diamond drilling program 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 conductors being drilled 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 continues to attract investors, with shares in the company hitting a 12-month high intra-day today at $0.155.

The company recently completed a capital raising which included a $2.3 million placement. The Share Purchase Plan was five-times oversubscribed.


Vote of confidence from nickel expert

The project recently received a strong vote of confidence from Dr Martin Gole, a global nickel expert.

Dr Gole is the author and co-author of several landmark research papers on major deposits in the Yilgarn, including the giant Perseverance and Mt Keith nickel sulphide deposits in the world class Agnew-Wiluna belt.

St George’s technical team has already identified untested EM conductors in the Cathedrals Shear Zone which are outstanding targets for the discovery of further nickel‐copper sulphide mineralisation.

The latest findings by Dr Gole have highlighted the prospectivity of the underexplored Western Ultramafics in the Mt Alexander Greenstone belt.


John Prineas, executive chairman, St George Mining, commented:

“We have identified some outstanding targets for massive nickel-copper sulphides at Mt Alexander, and we are very pleased to have started drilling there.

“This program will provide the first ever test of the EM conductors at the Stricklands Prospect which we believe are highly prospective for the further discovery of massive nickel sulphides.

“We are very excited about the potential of these prospects and we look forward to reporting drill results soon.”


Mt Alexander

The Mt Alexander Project is located 120 kilometres south-southwest of the Agnew-Wiluna belt which hosts numerous world class nickel deposits.

The project comprises two granted exploration licences – E29/638 and E29/548.

The Cathedrals nickel-copper discovery and the Stricklands Prospect are located on E29/638, which is held in joint venture by Western Areas Limited (25%) and St George (75%).

St George is the Manager of the Project with Western Areas retaining a 25% non-contributing interest in the Project (in regard to E29/638 only) until there is a decision to mine.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Mon, 18 Apr 2016 12:00:00 -0400 https://www.proactiveinvestors.com/companies/news/162416/st-george-mining-ltd-commences-diamond-drilling-at-mt-alexander-68128.html
<![CDATA[News - St George Mining Ltd receives funding boost as SPP five-times oversubscribed ]]> https://www.proactiveinvestors.com/companies/news/162415/st-george-mining-ltd-receives-funding-boost-as-spp-five-times-oversubscribed-68106.html St George Mining Ltd (ASX:SGQ) has received very strong support from existing shareholders in its Share Purchase Plan (SPP).

Over $1.3 million of applications have been received to date, which is over 500% of the target of $255,000.

The amount raised by SPP was increased to allow every shareholder to receive at least the minimum allocation of $2,550.

The raising follows the $2.3 million placement, which along with the SPP, was priced at $0.085.

St George last traded at $0.135, providing participants with a handy paper profit.

John Prineas, executive chairman, commented:

“We thank our shareholders for their overwhelming support of the SPP, and we will ensure that every shareholder receives an allocation.

“Drilling starts on Monday 18 May at the Mt Alexander Project, and we are optimistic of intersecting further massive nickel‐sulphide mineralisation at the high quality targets to be tested.

“There is also a great sense of anticipation for the next drill programmes at East Laverton where we will test the 200,000 Siemens EM conductor at Windsor as well as our high priority gold targets at Ascalon and Bristol.

"These programs will follow later in May 2016.

“The coming weeks and months will be very exciting for St George shareholders, and we are really pleased that so many of our committed shareholders as well as our new investors have shown so much confidence in our assets.”

 

Proactive Investors is a global leader reporting financial news, media, research and hosts events for listed emerging growth companies and investors across four continents.

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Fri, 15 Apr 2016 12:30:00 -0400 https://www.proactiveinvestors.com/companies/news/162415/st-george-mining-ltd-receives-funding-boost-as-spp-five-times-oversubscribed-68106.html
<![CDATA[News - St George Mining Ltd's Mt Alexander gains support from global nickel expert ]]> https://www.proactiveinvestors.com/companies/news/162414/st-george-mining-ltds-mt-alexander-gains-support-from-global-nickel-expert-67902.html St George Mining Ltd (ASX: SGQ) has received a strong vote of confidence in its Mt Alexander project by a global nickel expert.

The Technical Review is being conducted by St George’s technical team in conjunction with Dr Martin Gole, a global nickel expert and leading authority on magmatic nickel sulphide deposits.

Dr Gole is the author and co-author of several landmark research papers on major deposits in the Yilgarn, including the giant Perseverance and Mt Keith nickel sulphide deposits in the world class Agnew-Wiluna belt.

St George’s technical team has already identified untested EM conductors in the Cathedrals Shear Zone which are outstanding targets for the discovery of further nickel‐copper sulphide mineralisation.

The latest findings by Dr Gole have highlighted the prospectivity of the underexplored Western Ultramafics in the Mt Alexander Greenstone belt, and the potential of the broader Project area to host economic nickel sulphide mineralisation.

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 success.

“The finding of enhanced nickel sulphide prospectivity for the broader Mt Alexander project area is also very important, and supports the potential of Mt Alexander to develop into a new nickel mineral field.”


Mt Alexander

The Mt Alexander Project is located 120 kilometres south-southwest of the Agnew-Wiluna belt which hosts numerous world class nickel deposits.

The project comprises two granted exploration licences – E29/638 and E29/548.

The Cathedrals nickel-copper discovery and the Stricklands Prospect are located on E29/638, which is held in joint venture by Western Areas Limited (25%) and St George (75%).

St George is the Manager of the Project with Western Areas retaining a 25% non-contributing interest in the Project (in regard to E29/638 only) until there is a decision to mine.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Wed, 06 Apr 2016 09:30:00 -0400 https://www.proactiveinvestors.com/companies/news/162414/st-george-mining-ltds-mt-alexander-gains-support-from-global-nickel-expert-67902.html
<![CDATA[News - St George Mining Ltd opens SPP ahead of major drilling programs ]]> https://www.proactiveinvestors.com/companies/news/162413/st-george-mining-ltd-opens-spp-ahead-of-major-drilling-programs-67818.html St George Mining Ltd (ASX:SGQ) has today opened its Share Purchase Plan priced at $0.085, with a scheduled close of 15th April 2015.

The entry price is the same as the recent $2.3 million oversubscribed placement.

Funds will be allocated to St George's drilling programs across Western Australia.

John Prineas, executive chairman, commented:

“We are about to commence our most highly anticipated drill programs.

“On 18 April, we will start drilling electromagnetic (EM) targets at Mt Alexander.

"High grade nickel-copper sulphide mineralisation has already been discovered by BHP Billiton at the Project and we believe our planned drilling at the Cathedrals Prospect and new Stricklands target has a high chance of further success.

“We then start drilling at East Laverton where our targets will include the 200,000 Siemens EM conductor at Windsor and our high priority gold targets at Ascalon and Bristol.”

 

Proactive Investors is a global leader reporting financial news, media, research and hosts events for listed emerging growth companies and investors across four continents.

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Fri, 01 Apr 2016 14:30:00 -0400 https://www.proactiveinvestors.com/companies/news/162413/st-george-mining-ltd-opens-spp-ahead-of-major-drilling-programs-67818.html
<![CDATA[News - St George Mining Ltd advances gold drilling in Western Australia ]]> https://www.proactiveinvestors.com/companies/news/162412/st-george-mining-ltd-advances-gold-drilling-in-western-australia-67808.html St George Mining Ltd (ASX:SGQ) has expanded its gold exploration activities at the wholly-owned East Laverton Project, located in the Yilgarn Craton of Western Australia.

John Prineas, executive chairman, commented:

“Our project is near recent major discoveries like Tropicana and Gruyere but is under-explored by comparison.

“Early results along the Minigwal belt are very encouraging.

"The extensive gold and copper anomalism intersected by drilling suggests the presence of a major gold system with potential for large gold deposits.

“Our next round of drill targets is designed to provide an exploration breakthrough with the potential to establish East Laverton as a significant gold project.”

The first ever gold-focused drilling by St George at Athena will be included as part of the upcoming program.

Gold deposits in the eastern Yilgarn Craton are structurally controlled, so the identification of prominent structural features is a key to successful exploration targeting.


Athena gold target

The Minigwal Fault is recognised as a major and deep penetrating regional fault. The Minigwal greenstone belt has formed in the hanging wall of this fault and has been mapped by the gravity survey completed by St George in August 2015.

St George said that the greenstone belt is a favourable setting for gold mineralisation as it is situated on the north-south orientated (rift-axial) margin of a region-scale gravity anomaly.

The high priority Ascalon gold target is focused on the intersection of this same gravity gradient and the NE-SW trending Southern lineament.

The Athena gold target occupies a similar setting in the lesser explored northern section of the Minigwal belt, where it is intersected by the NE-SW Churchill lineament.

The Churchill lineament is an early-stage structure which is interpreted as being an important control on nickel sulphide mineralisation at East Laverton.

 

Proactive Investors is a global leader reporting financial news, media, research and hosts events for listed emerging growth companies and investors across four continents.

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Thu, 31 Mar 2016 17:30:00 -0400 https://www.proactiveinvestors.com/companies/news/162412/st-george-mining-ltd-advances-gold-drilling-in-western-australia-67808.html
<![CDATA[News - St George Mining Ltd has early gold system indicators at East Laverton ]]> https://www.proactiveinvestors.com/companies/news/162411/st-george-mining-ltd-has-early-gold-system-indicators-at-east-laverton-67773.html St George Mining Ltd (ASX:SGQ) has outlined some very promising results from the wholly-owned East Laverton Project in Western Australia.

St George recently completed drill hole OXRFC003 at the Oxford Prospect, which is the first deep drill hole.

The significant widths of anomalous mineralisation and alteration in OXFRC003 represent a signature typically encountered on the periphery of a large gold system.

The hole encountered the base of the weathered profile at 42 metres (downhole), and then intersected a series of structurally-controlled alteration zones with variably anomalous levels of gold and copper mineralisation.

The alteration zones are present over a significant portion of the drill hole, with anomalous gold and copper values present between 135 metres and the end of the hole at 306 metres.

Adding interest, the gold and copper mineralisation encountered is interpreted to be associated with epigenetic vein-style mineralisation of the type commonly associated with Orogenic gold deposits.

This is an important finding for St George, as this mineralised zone is completely open towards the high priority Ascalon gold target, located 1000 metres to the southeast along the Minigwal greenstone belt.

John Prineas, executive chairman, commented:

“This is very encouraging as it appears to be linked to the Ascalon gold prospect to the immediate southeast, and further validates the potential for this target.

"The first ever drilling at Ascalon will commence in a few weeks.”

Drilling costs will be co-funded by a WA Government grant under the Exploration Incentive Scheme.


Oxford Prospect

The Oxford Prospect is situated along the highly prospective yet under-explored Minigwal greenstone belt.

Historical exploration drilling within the prospect area was completed mainly by WMC Resources in the early 1990's.

This drilling was relatively shallow with the majority of drill hole depths being less than 100 metres.

Many of the historical holes intersected anomalous values of copper and gold in the regolith, which defined linear zones of anomalous copper and gold that extend over 1300 metres.


Ascalon

The Ascalon gold target has been identified by St George's technical team in conjunction with Dr Jon Hronsky, chairman of the Centre of Exploration Targeting in Western Australia.

Ascalon already satisfies many of the exploration targeting criteria used to identify potential multi-million ounce gold deposits and the latest drilling data from OXFRC003 further validates the potential.

The largest Orogenic gold deposits are typically situated in the thickest sections of the greenstone belts, where there is better preservation of the most favourable crustal level for the formation of Orogenic gold mineralisation.

 

Proactive Investors is a global leader reporting financial news, media, research and hosts events for listed emerging growth companies and investors across four continents.

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Wed, 30 Mar 2016 11:00:00 -0400 https://www.proactiveinvestors.com/companies/news/162411/st-george-mining-ltd-has-early-gold-system-indicators-at-east-laverton-67773.html
<![CDATA[News - St George Mining Ltd wraps up oversubscribed raising to explore WA projects ]]> https://www.proactiveinvestors.com/companies/news/162410/st-george-mining-ltd-wraps-up-oversubscribed-raising-to-explore-wa-projects-67728.html St George Mining Ltd (ASX:SGQ) has now wrapped up its oversubscribed private placement of which raised $2.3 million to explore its portfolio of projects in Western Australia.

A Share Purchase Plan (SPP) will also been launched, priced at $0.085 (the same price as the placement), which could raise a further $255,000.

John Prineas, executive chairman, commented:

"Due to overwhelming interest from existing shareholders who were not able to participate in the private placement, we will launch a share purchase plan next week that will provide existing shareholders with an exclusive opportunity to acquire shares at the same price as shares issued under the private placement.

"Its an exciting time for St George with the upcoming drill programs at Mt Alexander and East Laverton having potential to be significant near-term value drivers."

Drilling will commence shortly at the Mt Alexander and East Laverton Projects, providing strong near-term exploration news flow.


SPP details

The amount to be raised under the SPP will be capped at $255,000 and shares will be allocated on a firstcome first-served basis.

The SPP will close on 15 April 2016.

 

Proactive Investors is a global leader reporting financial news, media, research and hosts events for listed emerging growth companies and investors across four continents.

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Tue, 29 Mar 2016 10:00:00 -0400 https://www.proactiveinvestors.com/companies/news/162410/st-george-mining-ltd-wraps-up-oversubscribed-raising-to-explore-wa-projects-67728.html
<![CDATA[News - St George Mining Ltd prepares to drill EM conductors at Mt Alexander ]]> https://www.proactiveinvestors.com/companies/news/162409/st-george-mining-ltd-prepares-to-drill-em-conductors-at-mt-alexander-67664.html St George Mining Ltd (ASX:SGQ) is poised to increase exploration news flow, as the company prepares to drill electromagnetic (EM) conductors at the Mt Alexander Project in Western Australia.

A diamond drill program has been planned for Mt Alexander and is scheduled to commence in mid-April 2016.

Drilling will target untested EM conductors at the Cathedrals and Stricklands Prospects that coincide with magnetic anomalies.

John Prineas, executive chairman, commented: “The testing of EM conductors at Cathedrals has a 100% success rate to date.

"This makes the untested EM conductors at Cathedrals, and along strike at Stricklands, high conviction targets for the discovery of more massive nickel-copper sulphides.

“The upcoming drill program will also test the continuity of the high grade mineralisation already discovered at Cathedrals.

“A surface EM program, which will test magnetic anomalies west of Stricklands and to the north of Cathedrals, could provide further walk‐up drill targets.

“We are looking forward to commencing the drilling and EM surveys and to reporting on important exploration milestones.”


Mt Alexander background

BHP Billiton Nickel West drilled three EM conductors at Cathedrals in 2008 and all three were confirmed as high grade nickel-copper sulphide mineralisation.

The untested EM conductors to be drilled by St George next month have similar geophysical responses to the massive nickel-copper sulphide EM conductors drilled in 2008, and are also located within the Cathedrals shear zone.

Mt Alexander comprises two granted exploration licences – E29/638 and E29/548.

The Cathedrals nickel-copper discovery and the Stricklands Prospect are located on E29/638, which is held in joint venture by Western Areas Limited (25%) and St George (75%).

St George is the Manager of the project with Western Areas retaining a 25% non-contributing interest in the project (in regard to E29/638 only) until there is a decision to mine.


Analysis

The Mt Alexander Project is located south-west of the Agnew-Wiluna belt where several world-class nickel sulphide and gold deposits have been discovered.

The new drilling follows the company's strategy of targeting underexplored projects that are prospective for world-class deposits, and to conduct systematic and disciplined exploration.

St George was recently well-supported in a $2.1 million capital raising program.

Terry Streeter, who has an outstanding record of success in the WA nickel sector, recently became a major shareholder.

Shares in the company last traded at $0.095, or close to 40% higher than where it started 2016.

St George is now leveraged to upcoming news flow.

 

Proactive Investors is a global leader reporting financial news, media, research and hosts events for listed emerging growth companies and investors across four continents.

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Wed, 23 Mar 2016 09:00:00 -0400 https://www.proactiveinvestors.com/companies/news/162409/st-george-mining-ltd-prepares-to-drill-em-conductors-at-mt-alexander-67664.html
<![CDATA[News - St George Mining Ltd gains investment from Terry Streeter ]]> https://www.proactiveinvestors.com/companies/news/162408/st-george-mining-ltd-gains-investment-from-terry-streeter-67485.html St George Mining Ltd (ASX:SGQ) has now completed a heavily oversubscribed capital raising, with strong support from institutional and strategic investors.

The raising included 25 million shares at $0.085 per share, to raise circa $2.1 million.

John Prineas, executive chairman, commented:

“We thank new and existing shareholders for their support and for recognising the potential for a significant uplift in our valuation on drilling success.

“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.

"Mr Streeter founded Western Areas in 2000 and took it from a $5m IPO to Australia’s leading nickel sulphide producer.

"He was also a major shareholder in Jubilee Mines which had a market capitalisation of $20m when it discovered the Cosmos nickel sulphide deposit in 1997 and was sold to Xstrata for $3.1 billion in 2007.

”We appreciate the confidence that Mr Streeter and other investors have shown in the tremendous potential of our projects.”


Analysis

Funds raised from today's placement will be used for exploration at the company’s high quality Western Australian projects and for working capital.

Drilling programs are scheduled to commence shortly to test nickel sulphide targets at the Mt Alexander Project, as well as both gold and nickel sulphide targets at the East Laverton Project.

This will provide near-term news flow.

St George now has 188.5 million shares on offer.

RM Capital acted as lead manager to the placement.

 

Proactive Investors is a global leader reporting financial news, media, research and hosts events for listed emerging growth companies and investors across four continents.

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Mon, 14 Mar 2016 09:30:00 -0400 https://www.proactiveinvestors.com/companies/news/162408/st-george-mining-ltd-gains-investment-from-terry-streeter-67485.html
<![CDATA[News - St George Mining Ltd heads to market ]]> https://www.proactiveinvestors.com/companies/news/162407/st-george-mining-ltd-heads-to-market-67427.html Western Australian explorer St George Mining Ltd (ASX:SGQ) has been granted a trading halt today, with its shares placed in pre-open.

St George requested the halt pending details of a capital raising.

The company has several highly prospective projects for nickel and copper.

The halt will remain in place until the opening of trade on Monday 14th March 2016, or earlier if an announcement is made to the market.

 

Proactive Investors is a global leader reporting financial news, media, research and hosts events for listed emerging growth companies and investors across four continents.

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Thu, 10 Mar 2016 11:30:00 -0500 https://www.proactiveinvestors.com/companies/news/162407/st-george-mining-ltd-heads-to-market-67427.html
<![CDATA[News - St George Mining Ltd reveals exploration upside at Mt Alexander ]]> https://www.proactiveinvestors.com/companies/news/162406/st-george-mining-ltd-reveals-exploration-upside-at-mt-alexander-67385.html St George Mining Ltd's (ASX:SGQ) ongoing review of the data from the Mt Alexander project has delivered further massive sulphide targets.

St George’s technical team, in conjunction with geophysical consultants Newexco, commenced a comprehensive review of the substantial project data following completion of the acquisition from BHP Billiton.

High grade nickel-copper sulphides were discovered at the Cathedrals Prospect in 2008.

The new targets are located north of the Cathedrals Prospect where high grade nickel-copper sulphide mineralisation has been discovered.

These new EM anomalies are in addition to the untested and highly prospective EM conductors identified at the Stricklands and Cathedrals Prospects.

Three EM conductors have already been drilled at Cathedrals, with all three resulting in intersections of massive nickel-copper sulphides.

Mt Alexander Project is located in Western Australia, and 120 kilometres south-southwest of the Agnew-Wiluna belt which hosts numerous world-class nickel deposits.


John Prineas, executive chairman, commented:

“Our ongoing review of the project data has significantly increased the exploration upside at Mt Alexander.

“In particular, the EM conductors we have identified offer an opportunity for immediate exploration success.

“The upcoming drill program at Mt Alexander promises to be our most exciting ever.”


Upcoming exploration

Four of the five new EM anomalies are located in Exploration Licence E29/548, which is 100% owned by St George.

These new EM anomalies are within a 4 square kilometre area located north of Cathedrals.

The Cathedrals prospect is on Exploration Licence E29/638, which is held in joint venture by St George (75%) and Western Areas Limited (25% non‐contributing interest until there is a decision to mine). St George is manager.


Analysis

There is strong potential for multiple nickel sulphide discoveries at Mt Alexander.

Drilling will commence in April 2016.

 

Proactive Investors is a global leader reporting financial news, media, research and hosts events for listed emerging growth companies and investors across four continents.

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Tue, 08 Mar 2016 09:30:00 -0500 https://www.proactiveinvestors.com/companies/news/162406/st-george-mining-ltd-reveals-exploration-upside-at-mt-alexander-67385.html
<![CDATA[News - St George Mining has drill ready massive sulphide targets at Mt Alexander ]]> https://www.proactiveinvestors.com/companies/news/162405/st-george-mining-has-drill-ready-massive-sulphide-targets-at-mt-alexander-67059.html St George Mining's (ASX:SGQ) ongoing review of project data acquired from BHP Billiton for the Mt Alexander Project has confirmed drill-ready targets with potential for massive nickel-copper sulphide discoveries.

St George’s technical team, in conjunction with geophysical consultants Newexco, commenced a comprehensive review of the substantial project data following completion of the acquisition of a 75% interest in the core Mt Alexander tenement from BHP Billiton.

High grade nickel-copper sulphides were discovered at the Cathedrals Prospect in 2008.

Adding to the prospectivity, three EM conductors have been drilled at Cathedrals, with all three resulting in intersections of massive nickel-copper sulphides.

St George has now said that its data review has identified five untested downhole EM (DHEM) plates at the prospect, which offer an opportunity to define further mineralisation.

John Prineas, executive chairman, commented:

“Our review of the project data has re‐enforced our assessment that Mt Alexander has significant exploration upside.

"In addition to the walk‐up drill targets at Cathedrals and Stricklands, there is also a tremendous pipeline of targets emerging across the broader project area.

“We are increasingly confident that our upcoming drill program will result in further discoveries of massive nickel-copper sulphides."

 

Proactive Investors is a global leader reporting financial news, media, research and hosts events for listed emerging growth companies and investors across four continents.

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Thu, 18 Feb 2016 15:00:00 -0500 https://www.proactiveinvestors.com/companies/news/162405/st-george-mining-has-drill-ready-massive-sulphide-targets-at-mt-alexander-67059.html
<![CDATA[News - St George Mining targets gold in new drilling at Atlas ]]> https://www.proactiveinvestors.com/companies/news/162404/st-george-mining-targets-gold-in-new-drilling-at-atlas-67047.html St George Mining (ASX:SGQ) continues to expedite exploration programs across its portfolio, and has now commenced maiden drilling at the Atlas gold prospect today.

Atlas has not been drilled previously, and is positioned within the company's wholly-owned East Laverton Project in Western Australia.

Investors like the St George gold and nickel exploration strategy, with shares in the company trading over 50% higher than the start of 2016, based on the most recent $0.105 share price.

John Prineas, executive chairman, commented:

“The major gold discoveries in our region are an illustration of the gold potential in this part of the North Eastern Goldfields.

"Our exploration so far is very encouraging with strongly anomalous gold encountered in drilling and by soil surveys.

“Our targets have never been systematically explored for gold – until now. Our drill programs have an opportunity to deliver a major discovery.”

Discoveries made in the region include Tropicana (+8MozAu) and Gruyere (+5MozAu).


Drilling details

There is the potential for a multi-million ounce gold discovery at East Laverton, as highlighted by previous discoveries in the region.

The prominent soil anomaly at Atlas has a strike length of 5,000 metres and a geochemical signature (Au-Mo-As) which is typical of major gold deposits in the North Eastern Goldfields.

Importantly, the soil anomaly straddles the interpreted contact between the greenstones and the sediments.


Cambridge North

St George has also added the Cambridge North gold target to the current gold-focussed drill program.

Cambridge North joins the Ascalon, Bristol and DDD010 targets as priority gold targets for the company during 2016.



Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Tue, 16 Feb 2016 14:00:00 -0500 https://www.proactiveinvestors.com/companies/news/162404/st-george-mining-targets-gold-in-new-drilling-at-atlas-67047.html
<![CDATA[News - St George Mining targets nickel sulphides in new drilling at Windsor ]]> https://www.proactiveinvestors.com/companies/news/162403/st-george-mining-targets-nickel-sulphides-in-new-drilling-at-windsor-66968.html St George Mining (ASX:SGQ) will soon recommence a nickel sulphide drill program at its wholly-owned East Laverton Project in Western Australia.

Added to this, St George will also be drilling for Tropicana and Gruyere style gold deposits.

The company will therefore have increased exploration news flow over the coming months.

John Prineas, executive chairman, commented:

“Further DHEM modelling at the Windsor target is very promising and supports the potential for massive nickel sulphide mineralisation.

“The very high conductivity of the target at Windsor continues to be very intriguing, with further XRF results of the cut drill core returning elevated nickel values around the depth of the EM conductor.

“The DHEM plate at Windsor is becoming an even more compelling target.”


Drilling details

The primary target of the drill programme will be the highly prospective DHEM target at Windsor.

Drill hole WINDD004 was completed in December 2015 to test the highly conductive DHEM plate WINRC016_v1 (210,469 Siemens).

There was no conductive material in the drill core capable of providing the extremely high EM response that was modelled for DHEM plate WINRC016_v1.

St George said that this suggests that WINDD004 came close to testing the conductive source but did not intersect it.

Further modelling of DHEM data from drill holes WINDD004 and WINRC016 continues to identify a highly conductive body that remains untested by drilling.

The very high conductivity/thickness response from the EM survey of this target, and the position of the EM plate on the contact of the prospective Windsor ultramafic, are consistent with this conductor being massive nickel sulphide mineralisation.

Additional targets at East Laverton will be included in the upcoming nickel sulphide drill program.

 

Proactive Investors is a global leader reporting financial news, media, research and hosts events for listed emerging growth companies and investors across four continents.

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Thu, 11 Feb 2016 09:30:00 -0500 https://www.proactiveinvestors.com/companies/news/162403/st-george-mining-targets-nickel-sulphides-in-new-drilling-at-windsor-66968.html
<![CDATA[News - St George Mining in hunt for Tropicana style discovery at East Laverton ]]> https://www.proactiveinvestors.com/companies/news/162402/st-george-mining-in-hunt-for-tropicana-style-discovery-at-east-laverton-66953.html St George Mining (ASX:SGQ) is preparing a 2500 metre reverse drilling program at its wholly-owned East Laverton Project, which is located within the Yilgarn Craton of Western Australia.

The province is world class and boasts an endowment of over 300 million ounces of gold.

Adding interest for St George are the recent large greenfields gold discoveries such as the plus 8 million gold ounce Tropicana deposit, and the plus 5 million gold ounce Gruyere deposit.

These are located near the eastern margin of the North Eastern Goldfields, where the East Laverton Project is also located.

Timing is right for St George, as the gold price in Australian Dollars continues to rally over A$1650 an ounce.

Significant results have the potential to re-rate the company.


John Prineas, executive chairman, commented:

“We are very excited to be launching a major gold drill campaign in an area that is under‐explored for gold and which is near recent major discoveries like Tropicana and Gruyere.

“Previous drilling at our project has identified widespread gold anomalism that warrants further exploration.

"Our drill targets are located in favourable structural settings that are highly prospective for gold mineralisation.

“This will be a highly anticipated drill program that has the potential to establish East Laverton as a significant gold project.”


Drilling details

Historical drilling, as well as recent nickel-focused drilling by St George, has identified widespread gold anomalism on all three main greenstone belts at the East Laverton Project.

This gold anomalism has the potential to be associated with larger gold systems, and justifies an escalation of gold exploration at East
Laverton to complement our exciting nickel sulphide projects.

A number of important gold targets have been identified at East Laverton for priority exploration.


Nickel drill program

St George is also preparing details surrounding a nickel sulphide drill program for East Laverton, using diamond drilling to test priority nickel sulphide targets.

This includes the +200,000 Siemens conductor at the Windsor nickel sulphide prospect.

 

Proactive Investors is a global leader in financial news, media, research and hosts events for listed emerging growth companies and investors across four continents.

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Wed, 10 Feb 2016 09:30:00 -0500 https://www.proactiveinvestors.com/companies/news/162402/st-george-mining-in-hunt-for-tropicana-style-discovery-at-east-laverton-66953.html
<![CDATA[News - St George Mining wraps up Mt Alexander acquisition from BHP Billiton ]]> https://www.proactiveinvestors.com/companies/news/162401/st-george-mining-wraps-up-mt-alexander-acquisition-from-bhp-billiton-66765.html St George Mining (ASX:SGQ) is continuing with its expansion strategy into low-risk exploration projects in Western Australia.

St George has now completed the acquisition of 75% in the Mt Alexander Project from BHP Billiton (ASX:BHP).

The project is located 120 kilometres south-southwest of the Agnew-Wiluna belt which hosts numerous world class nickel deposits.

High grade nickel-copper sulphides were discovered at Mt Alexander in 2008 from drilling at the Cathedrals Prospect.

Follow-up drilling at Cathedrals intersected massive, matrix and disseminated sulphides, with results including:

- 4 metres at 4.9% nickel, 1.7% copper and 3.9g/t total PGEs from 91.4 metres;
- 3 metres at 3.8% nickel, 1.6% copper and 2.7g/t total PGEs from 56.3 metres; and
- 6 metres at 3.3% nickel, 1.5% copper and 2.7g/t total PGEs from 60 metres.

John Prineas, executive chairman, commented:

“This is an important strategic acquisition for St George which we believe will deliver significant value for our shareholders.

“Very impressive intersections of shallow high grade nickel‐copper sulphides have already been discovered by drilling at Mt Alexander.

”We are looking forward to our first drilling campaign at Mt Alexander, and the opportunity to make further significant discoveries of high grade mineralisation.”


Acquisition details

The completion of the acquisition follows satisfaction of all conditions precedent under the sale agreement.

The acquisition by St George includes all technical and exploration data for the project.

Western Areas retains a 25% interest in the Mt Alexander Project and has also become a shareholder in St George.

St George has also allotted 3,500,000 ordinary shares to Western Areas, which agreed to not exercise its right of pre-emption over Nickel West’s interest in the Mt Alexander Project.

Acquisition terms:

- Nickel West has off‐take rights to St George’s share of any nickel produced from the Project;

- Nickel West may charge a base royalty of 1% of the proceeds from St George’s share of any mineral production at the Project; and

- Nickel West may charge an additional royalty of 1% of the proceeds from St George’s share of any nickel produced from the Project provided that the additional royalty is only payable if a minimum measured and indicated JORC resource of at least 25,000 tonnes of contained nickel is defined at the Project and payments of the additional royalty start 12 months after commercial production from the Project.


Next steps

St George has initiated a detailed geological review of the exploration data for Mt Alexander.

The company said that the first joint venture meeting with Western Areas’ technical team will take place next week, with a view to preparing a multi-phase exploration program in 2016.

 

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Fri, 29 Jan 2016 10:00:00 -0500 https://www.proactiveinvestors.com/companies/news/162401/st-george-mining-wraps-up-mt-alexander-acquisition-from-bhp-billiton-66765.html
<![CDATA[News - St George Mining readies exploration in world class nickel-gold region ]]> https://www.proactiveinvestors.com/companies/news/162400/st-george-mining-readies-exploration-in-world-class-nickel-gold-region-66684.html St George Mining (ASX:SGQ) is set to hit the exploration trail hard in 2016, with the company already planning programs for the Mt Alexander and Hawaii Projects.

The projects are located in the south‐west of the Agnew-Wiluna belt in Western Australia, which is an established world class region for nickel and gold deposits.

John Prineas, executive chairman, commented:

“We are ready to close the acquisition of Mt Alexander and very excited at starting exploration there to follow‐up the important high grade discovery already made.

“These new projects provide an outstanding opportunity for exploration success and we look forward to announcing more details on our 2016 exploration program shortly.“


Mt Alexander Project

Settlement of the acquisition of a 75% interest in exploration licence E29/638, which is the core tenement at the Mt Alexander Project, is scheduled for 28 January 2016.

High grade nickel‐copper sulphides have already been discovered on this tenement with significant intersections including:

- 4 metres at 4.9% nickel, 1.7% copper and 3.9g/t total PGEs from 91.4 metres; and
- 3 metres at 3.8% nickel, 1.6% copper and 2.7g/t total PGEs from 56.3 metres.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Fri, 22 Jan 2016 11:30:00 -0500 https://www.proactiveinvestors.com/companies/news/162400/st-george-mining-readies-exploration-in-world-class-nickel-gold-region-66684.html
<![CDATA[News - St George Mining drills hot nickel and gold targets ]]> https://www.proactiveinvestors.com/companies/news/162399/st-george-mining-drills-hot-nickel-and-gold-targets-66626.html St George Mining (ASX:SGQ) is beginning to probe an attractive pipeline of nickel sulphide and gold targets at its East Laverton project in Western Australia, with a new reverse circulation drilling campaign planned for 3,500 metres.

This work will include the first-ever drilling at the project's Atlas gold prospect, where no previous drilling has been carried out and a survey work has identified an extensive gold soil anomaly with a strike over 5,000 metres.

This large composite gold, molybdenum and arsenic soil anomaly straddles an interpreted contact between greenstones and sediment and is considered a typical geochemical signature of gold mineralisation in the northeastern Goldfields region.

More gold drilling will take place at the large, underexplored Red Dragon deposit, which has indicated the potential to host a gold formation with large-scale magmatism and deformation.

St George will also be drilling a massive nickel sulphide target in the project's Windsor area, where a previous downhole electromagnetic survey identified a highly conductive off-hole anomaly (up to 180,000 Siemens) within 5 metres of the hole.

The conductivity of the anomaly at Windsor is several orders of magnitude higher than anything else the company has seen at East Laverton.

East Laverton has a dominant landholding of over 2,000 square kilometres, covering three major ultramafic belts on strike from the Agnew gold deposit which boasts 5 million ounces of gold.


WA development

New traction at East Laverton builds on St George's burgeoning WA portfolio, which was expanded last month through a move to acquire BHP Billiton's 75% interest in the Mt Alexander project.

Mt Alexander is known to host high-grade nickel-copper sulphides, with exploration results including 4 metres at 4.9% nickel, 1.7% copper and 3.9g/t total PGEs from 91.4 metres.

Consideration for the acquisition was set at $300,000, with the transaction scheduled to be completed this month.

This footprint increase in the Goldfields has been interpreted as reinforcing St George’s credentials as a high-quality explorer with an enviable portfolio of projects that provide multiple opportunities for a significant discovery.

Renewed exploration at the site – as well as at the company’s nearby Hawaii project – is expected in the near term.

Hawaii piqued interest late last month with the intersection of high-MgO ultramafics in four holes testing two magnetic trends.

The drilling identified greenstone sequences which have never been explored for nickel sulphide and gold mineralisation


Analysis

The prospectivity of the new East Laverton targets is high, with Windsor in particular standing out due to its extremely elevated levels of conductivity.

New drilling at East Laverton sets up St George for more newsflow even as a number of potential price catalysts await on the near-term horizon.

Final assay results for the company’s 2015 drill program at the project are expected over the next few weeks.

Also, a separate announcement will be made later this week regarding Hawaii and Mt Alexander, where the company said drilling programs will start as soon as possible.

All this activity establishes St George as highly leveraged for drilling success through a systematic approach across a known and well-serviced mineral region.


Proactive Investors is a global leader reporting financial news, media, research and hosts events for listed emerging growth companies and investors across four continents.

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Tue, 19 Jan 2016 11:10:00 -0500 https://www.proactiveinvestors.com/companies/news/162399/st-george-mining-drills-hot-nickel-and-gold-targets-66626.html
<![CDATA[News - St George Mining expecting assays from Hawaii Project in January ]]> https://www.proactiveinvestors.com/companies/news/162398/st-george-mining-expecting-assays-from-hawaii-project-in-january-66283.html St George Mining (ASX:SGQ) is expecting assays in January from the first four reverse circulation holes at its wholly-owned Hawaii Project, located south-west of the Agnew-Wiluna belt in Western Australia.

Adding to the prospectivity, high-MgO ultramafics were intersected in all four holes testing two magnetic trends.

The drilling identified greenstone sequences which have never been explored for nickel sulphide and gold mineralisation.

John Prineas, executive chairman, commented:

“The drilling at Hawaii has delivered an important exploration milestone by successfully confirming the presence of prospective ultramafics in the untested greenstone sequences.

“The results from this drilling will provide an excellent platform from which to plan further exploration at Hawaii, and to move closer to a significant greenfields discovery.”

The Hawaii Project was recently acquired from BHP Billiton Nickel West Pty Ltd.

A reconnaissance aircore drill program was previously completed by Nickel West, with average hole depths of 60 metres.

These intersected thick weathered ultramafics.

St George is has now conducted deeper drilling to investigate the extent and prospectivity of these ultramafics in bedrock.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Tue, 22 Dec 2015 15:00:00 -0500 https://www.proactiveinvestors.com/companies/news/162398/st-george-mining-expecting-assays-from-hawaii-project-in-january-66283.html
<![CDATA[News - St George Mining is encouraged by interim results at Windsor ]]> https://www.proactiveinvestors.com/companies/news/162397/st-george-mining-is-encouraged-by-interim-results-at-windsor-66259.html St George Mining (ASX:SGQ) has revealed that it has received encouraging interim results from the drilling of DHEM plate WINRC016_v1 (210,469 Siemens) at the Windsor nickel sulphide prospect.

The prospect is part of the company's wholly-owned East Laverton Project in Western Australia.

Drill hole WINDD004, which was designed to test the highly conductive DHEM plate, has been completed to a depth of 151 metres.

The hole has intersected thick ultramafic between 65 metres to 151 metres (end of hole).

John Prineas, executive chairman, commented: “The results from WINDD004 are very encouraging.

“The identification of spinifex-textured komatiite in combination with elevated nickel values proximal to a powerful EM conductor, is a compelling scenario for potential massive nickel sulphide mineralisation.”

Spinifex-textured komatiite flows occur with major massive nickel sulphide deposits in the Agnew‐Wiluna belt.

These include Perseverance, Rocky’s Reward, Harmony and Cliffs - as well as those at Kambalda and Windarra.


Upcoming news flow

News flow will remain strong for St George, with both diamond and reverse circulation drilling programs underway.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Fri, 18 Dec 2015 16:00:00 -0500 https://www.proactiveinvestors.com/companies/news/162397/st-george-mining-is-encouraged-by-interim-results-at-windsor-66259.html
<![CDATA[News - St George Mining adds core asset to burgeoning Western Australia portfolio ]]> https://www.proactiveinvestors.com/companies/news/162396/st-george-mining-adds-core-asset-to-burgeoning-western-australia-portfolio-66233.html St George Mining (ASX:SGQ) has once again taken an opportunity to add to its portfolio of assets in highly prospective areas.

St George has entered into a binding agreement with BHP Billiton Nickel West Pty Ltd to acquire the whole of Nickel West’s 75% interest in the Mt Alexander Project in Western Australia.

The project already hosts high-grade nickel-copper sulphides, such as 4 metres at 4.9% nickel, 1.7% copper and 3.9g/t total PGEs from 91.4 metres.

St George is already planning a drilling program for 2016.

Consideration for the acquisition of the 75% interest is $300,000, with the transaction scheduled to be completed on 28th January 2016.

John Prineas, executive chairman, commented:

“In October, we acquired 100% of the Hawaii and Mt Alexander North Projects from BHP Billiton.

“St George now has an unprecedented opportunity to unlock the potential of this Project and to realise its tremendous value.

“Mt Alexander is a compelling addition to our portfolio of projects and very complementary to our 100% owned East Laverton Project where we are continuing to explore priority nickel sulphide and gold targets.

“This milestone acquisition has re‐enforced St George’s credentials as a high quality explorer with an enviable portfolio of projects that provide multiple opportunities for a significant discovery.”


Acquisition terms

- Nickel West has off‐take rights to St George’s share of any nickel produced from the Project;

- Nickel West may charge a base royalty of 1% of the proceeds from St George’s share of any mineral production at the Project; and

- Nickel West may charge an additional royalty of 1% of the proceeds from St George’s share of any nickel produced from the Project provided that the additional royalty is only payable if a minimum measured and indicated JORC resource of at least 25,000 tonnes of contained nickel is defined at the Project and payments of the additional royalty start 12 months after commercial production from the Project.


Analysis

Today's acquisition is an outstanding low-risk exploration project in a world class nickel region of Western Australia, and adds an additional core asset in St George’s burgeoning project portfolio.

St George is already planning drilling to follow-up the historical intersection of 4 metres at 4.9% nickel and 1.7% copper.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Thu, 17 Dec 2015 11:20:00 -0500 https://www.proactiveinvestors.com/companies/news/162396/st-george-mining-adds-core-asset-to-burgeoning-western-australia-portfolio-66233.html
<![CDATA[News - St George Mining commences diamond drilling of conductor at Windsor ]]> https://www.proactiveinvestors.com/companies/news/162395/st-george-mining-commences-diamond-drilling-of-conductor-at-windsor-66145.html St George Mining (ASX:SGQ) has now kicked of diamond drilling of the electromagnetic (EM) plate WINRC016_v1 (210,469 Siemens) at the Windsor prospect, which is part of the company's wholly-owned East Laverton Project in Western Australia.

To put this into perspective, this is the strongest conductor ever recorded at East Laverton.

John Prineas, executive chairman, commented:

“This is by far the most powerful conductor ever identified at East Laverton and is like nothing else that we have drilled before.

“Importantly, this conductor is located on the western contact of the Windsor ultramafic which has known nickel sulphide mineralisation immediately to the south.

“We are systematically working our way through our pipeline of drill targets.

"Drilling success is getting closer with every drill hole completed."


Additional drilling details

The conductor is situated in a favourable geological position on the western contact of the prospective Windsor high-MgO ultramafic.

This drill hole is planned to a depth of 150 metres with the modelled plate at a target depth of 86 metres.

With this drilling underway, St George has moved the reverse circulation rig to complete reconnaissance drilling on several emerging target areas on the Minigwal, Bristol and Stella Range belts.


Key catalysts in the next week

- Drilling is progressing at the Hawaii Project, with an update pending; and
- Exploration planning for the Mt Alexander North Project.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Mon, 14 Dec 2015 12:30:00 -0500 https://www.proactiveinvestors.com/companies/news/162395/st-george-mining-commences-diamond-drilling-of-conductor-at-windsor-66145.html
<![CDATA[News - St George Mining awarded drilling grant for new Ascalon gold prospect ]]> https://www.proactiveinvestors.com/companies/news/162394/st-george-mining-awarded-drilling-grant-for-new-ascalon-gold-prospect-66055.html St George Mining (ASX:SGQ) has received financial support in its hunt for a multi‐million ounce gold deposit at its wholly-owned East Laverton Project in Western Australia.

The North Eastern Goldfields have recently yielded discoveries such as Tropicana's plus-8 million gold ounces, and Gruyere's plus-5 million gold ounces.

St George’s East Laverton is also situated within this highly prospective but under-explored area.

Taking a broader view, the Yilgarn Craton has an endowment of over 300 million gold ounces and is truly a world class gold province.


Funding awarded

St George has been awarded a drilling grant under the “Innovative Drilling Program” provided by the West Australian Government’s Exploration Incentive Scheme (EIS).

The grant can be applied to drilling at new Ascalon gold prospect, which will be scheduled for early 2016 as part of a major gold-focused drilling program.

John Prineas, executive chairman, commented:

“The support of the Western Australian Government is recognition of the innovative exploration work we are undertaking and the significant gold potential in the under-explored East Laverton area.

“The company appreciates the support from the Western Australian Government and the Geological Survey of Western Australia in continuing our exploration at this strategically important prospect.”

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Wed, 09 Dec 2015 16:00:00 -0500 https://www.proactiveinvestors.com/companies/news/162394/st-george-mining-awarded-drilling-grant-for-new-ascalon-gold-prospect-66055.html
<![CDATA[News - St George Mining commences diamond drilling at Desert Dragon Central ]]> https://www.proactiveinvestors.com/companies/news/162393/st-george-mining-commences-diamond-drilling-at-desert-dragon-central-66019.html St George Mining (ASX:SGQ) continues exploration at speed at its wholly-owned East Laverton Project in Western Australia.

A diamond and a reverse circulation rig are now onsite to drill EM targets in prospective geological positions - providing continued assay newsflow towards the end of 2015 - and into early 2016.

John Prineas, executive chairman, commented:

“The drilling of strong conductors in favourable geological features has commenced at East Laverton.

“These are all ‘must drill’ targets and with two drill rigs operating simultaneously, we have an excellent opportunity to deliver exploration success.”


Details on the drilling

A diamond core drill rig arrived at site over the weekend and has commenced drilling planned drill hole DDRDD0009 to test the very strong downhole electromagnetic (DHEM) conductor DDRDD0005-DHEM2 (61,148 Siemens) at Desert Dragon Central.

The hole is planned to a depth of 390 metres with the DHEM plate modelled at a depth of a 355 metre downhole.

This drill hole was initially planned as a reverse circulation drill hole.

Once drill hole DDRDD0009 is completed, the diamond rig will mobilise to Windsor to drill planned hole WINDD004 to test the extremely strong DHEM plate WINRC016_v1 (210,469 Siemens).

The reverse circulation drill rig is currently at Desert Dragon North where it is drilling planned hole DDNRC010 to test the ‘North Dragon 1’ DHEM conductor (2,916 Siemens).

The drill hole is planned to a depth of 370 metres with the DHEM plate modelled at a 300 metre downhole, below and north of a mineralised ultramafic where nickel sulphide stringers have been intersected.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Mon, 07 Dec 2015 11:00:00 -0500 https://www.proactiveinvestors.com/companies/news/162393/st-george-mining-commences-diamond-drilling-at-desert-dragon-central-66019.html
<![CDATA[News - St George Mining gets busy at newly acquired Hawaii Project ]]> https://www.proactiveinvestors.com/companies/news/162392/st-george-mining-gets-busy-at-newly-acquired-hawaii-project-65972.html St George Mining (ASX:SGQ) has wasted no time in exploring the recently acquired Hawaii Project, which is located in the Agnew-Wiluna belt of Western Australia.

A total of 770 metres of reverse circulation drilling is planned, including the first ever drilling to test the bedrock geology at the project.

Four drill holes are planned to test four separate targets on two prominent magnetic trends.

St George acquired the project from BHP Billiton Nickel West Pty Ltd.

John Prineas, executive chairman, commented:

“The initial shallow drilling by Nickel West identified the presence of prospective ultramafics and we now have an opportunity to effectively test the bedrock with our deeper reverse circulation drilling.

“This is a milestone drilling program that has the potential to deliver a significant exploration breakthrough.

”With high impact nickel sulphide drilling also underway at our East Laverton Project, we have several outstanding opportunities for drilling success over the next few weeks.”


Details of Hawaii

Three of the targets to be tested at Hawaii are located on the 5.5 kilometre long ultramafic trend which was first identified by reconnaissance aircore drilling completed by Nickel West.

This aircore drilling intersected thick weathered komatiite ultramafics, including drill hole HWAC12 which intersected 45 metres of ultramafic to end of hole and HWAC6 which intersected 48 metres of ultramafic to end of hole.

Both aircore holes intersected elevated nickel and cobalt values in regolith (up to 1.29% nickel and 0.1% cobalt in HWAC12) which is indicative of weathered moderate to high MgO ultramafics.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

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Thu, 03 Dec 2015 14:00:00 -0500 https://www.proactiveinvestors.com/companies/news/162392/st-george-mining-gets-busy-at-newly-acquired-hawaii-project-65972.html