High-grade nickel growth stock St George Mining (ASX: SGQ) has revealed it has been granted one exploration licence and is awaiting news on another in the Paterson Province in WA’s east Pilbara, close to where Rio Tinto has made its headline-grabbing Winu copper discovery. The grant of E45/5226 and application for E45/4522 was revealed in St George’s December Quarter report this morning.
HIGHLIGHTS
Mt Alexander Project
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SQUID moving loop electromagnetic (MLEM) survey underway at key targets along the Cathedrals Belt
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Multiple new EM conductors identified for testing in 2020 • Deeper drilling confirms significant down-plunge extensions of shallow deposits on the Cathedrals Belt
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Assays confirm the new Radar discovery as the fourth high-grade discovery on the Cathedrals Belt
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Scoping study for a potential mining operation has commenced with:
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Field surveys for environmental studies completed
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MAD177 drilled to provide samples for metallurgical testwork in Perth and Canada
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Paterson Project
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Exploration licence for ground in the Paterson Province granted to St George
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Same regional location as new discoveries and existing major mines including Rio Tinto’s exciting Winu discovery and Newcrest’s world class Telfer gold mine
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New St George ground covers more than 35km strike length of prospective stratigraphy
Corporate
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$5.7m raised in an institution-led capital raising in October 2019
