Growth-focused Western Australian nickel company St George Mining (ASX: SGQ) has presented its quarterly activities report for the period ended 30 September 2019.
HIGHLIGHTS
Mt Alexander Project
· Drilling continues 24/7 with diamond and reverse circulation (RC) drilling programmes ongoing
· Extensive geophysical programmes initiated with surface electromagnetic (EM) and downhole EM surveys underway
· Deeper drilling at the Cathedrals Belt confirms continuation of mineralisation down-plunge of shallow high-grade nickelcopper sulphide deposits
· Downhole EM (DHEM) surveys in deeper holes identify multiple off-hole EM conductors that are interpreted as likely to represent massive nickel-copper sulphides
· Numerous thick intersections of high-grade nickel-copper sulphides confirm significant extensions to the mineralised footprint at the Cathedrals Belt
· Soil surveys completed at the Fish Hook Prospect with maiden drill programme pending completion of EM survey
Corporate
St George is well-funded to escalate exploration programmes with $3.3m and $5.7m raised in institutional-led capital raisings in July and October 2019
