SGQ st george mining limited

Ann: Maiden Drilling Begins at Paterson Project, page-2

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    MAIDEN DRILLING CAMPAIGN BEGINS AT PATERSON PROJECT
    • 10,000m reverse circulation (RC) drill programme has commenced at St George’s 100%-
    owned Paterson Project, in WA’s highly prospective Paterson region
    • Drilling is focused on high-priority copper and gold targets generated by magnetic and
    gravity geophysical surveys
    • Project area has never been explored with modern geophysics and drilling techniques,
    providing St George with an excellent opportunity to deliver a discovery
    • St George’s project area is bounded by ground held by Rio Tinto (ASX: RIO), Fortescue
    Metals Group (ASX: FMG), Antipa Minerals (ASX: AZY) and Sipa Resources (ASX: SRI) – the
    latter two having entered into high-value joint ventures with Rio Tinto
    • Paterson Project complements St George’s advanced high-grade Mt Alexander nickel copper sulphide asset.

    John Prineas, St George Mining’s Executive Chairman, said:
    “We are delighted to be on the ground at the Paterson Project and commencing our inaugural drill
    programme at this exciting exploration opportunity.
    “The Paterson region is one of Australia’s most active exploration frontiers on the back of multiple major
    discoveries made over the past few years including Winu and Havieron. The Paterson is regarded as
    ‘elephant country’ and continues to attract significant investment from the major mining companies.
    “Our technical team has worked methodically to establish a number of high-priority exploration targets.
    These have never been drilled and offer St George an excellent opportunity to deliver a new discovery.
    “Importantly, the early stage nature of the Paterson Project perfectly complements our more advanced
    Mt Alexander in the Goldfields region, where we continue to make more high-grade nickel-copper sulphide
    discoveries and are advancing mine development plans.”
 
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