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St George Mining in trading halt ahead of Mt Alexander drilling results

The company’s securities will remain in trading halt until Tuesday, September 3, or when an announcement is made to market.

St George Mining Ltd - St George Mining in trading halt ahead of Mt Alexander drilling results
Early drilling success supports the potential to increase the volume of high-grade mineralisation at Mt-Alexander

St George Mining Ltd (ASX:SGQ) has been granted a trading halt by the ASX with drilling results pending from the Mt Alexander project in WA.

The trading halt will remain in place until the beginning of trade on Tuesday, September 3, or when an announcement is made to market, whichever occurs earliest.

St George shares last traded at 14 cents.

Extensions to high-grade zones

Four diamond holes at the Investigators prospect within the Mt Alexander project were completed earlier this month, confirming extensions to known zones of high-grade nickel copper sulphides.

The thickest intersection included 15.1 metres of sulphide mineralisation comprising 14.8 metres of disseminated and blebby sulphides as well as 0.3 metres of massive sulphides, with the latter recording an average XRF reading of 8.1% nickel and 3.9% copper.

“Great reward for ongoing methodical exploration”

St George’s executive chairman John Prineas said: “Initial drill results have confirmed further continuity to the mineralisation at Investigators and support the potential to bulk-up the scale of the mineralised envelope in this area.

“The new EM conductors identified in the Cathedrals belt are a great reward for our ongoing methodical exploration of the belt.”

Quick facts: St George Mining Ltd

Price: 0.18 AUD

ASX:SGQ
Market: ASX
Market Cap: $66.3 m
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