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St George Mining (SGQ) - Best Nickel/Copper Intercept To Date

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St George Mining (SGQ) released further results from the ongoing drilling program at the Mt Alexander Project (JV: SGQ 75%, Western Areas [WSA]:25%). This included the best intercept to date from the Cathedrals Prospect, measuring 9.3% Ni and 2% Cu. Positive results have been returned from other prospects within the project, including 22m of Ni/Cu sulphides from 32m at the Stricklands prospect, incorporating ~2m of massive sulphides grading >2% Ni and >1.7% Cu. While massive sulphide intervals drilled to date are generally thin, mineralisation is shallow (generally <120m depth) and high grade Ni is complemented with strong Cu, Co and PGEs credits resulting in high tenor Ni equivalent grades (6-11% Ni Eq.). We believe this could support economic development following the definition of a maiden resource. The Company is also set to commence drilling programs at its East Laverton Gold Project and the Windsor Nickel Prospect in the same region. We regard SGQ as a well-funded ($5.7m cash at 31 March) base metal and gold explorer which will generate strong newsflow through 2017.  

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