logo-loader

St George Mining sets sail for raising

Published: 07:00 29 May 2015 AEST

au_st_george_mining_drilling_may_2015_358_55665a7830f6c

St George Mining (ASX:SGQ) is gearing up for a closely-watched drilling program for massive nickel sulphides at its under-explored East Laverton project in Western Australia.

The drill rig is scheduled to arrive at site early next week to carry out over 2,500 metres of diamond drilling over the next 6-7 weeks.

Adding interest, this program will test at least seven high value drill targets selected by geophysical advisors Newexco, which were instrumental in the discovery of some of Western Australia’s biggest nickel discoveries such as Nova, Spotted Quoll and Flying Fox.

St George is now heading to market with a capital raising, and the ASX has granted the company a trading halt to prepare.

The halt will remain in place until the opening of trade on Monday 1st June 2015, 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.

St George Mining raises $8 million this quarter to advance lithium exploration

St George Mining Ltd (ASX:SGQ) chairman John Prineas speaks with Proactive soon after announcing the company received a further vote of confidence in its critical minerals strategy with leading global battery materials player Shanghai Jayson New Energy Materials Co., Ltd making a further $3...

on 16/11/23