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3.4¢ st george mining limited

Ann: Thick Mineralised Unit Intersected at Investigators, page-33

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tinhat

5,681 Posts.

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28/08/20

10:40

Post #: 46890882
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Originally posted by ivan7: ↑

FYI,
Elon Musk, Indonesian issues will help Australia become a leading nickel player (ref. Sock head)

High quality Australian nickel projects in the pipeline St George Mining (ASX:SGQ) revealed on Thursday recent drilling at its flagship Mt Alexander project in the north-eastern goldfields of Western Australia had hit a 48.7m thick mafic-ultramafic unit hosting nickel and copper sulphide mineralisation from a depth of 503m.Two drill holes were completed at the Investigators and Fairbridge prospects.“A very important aspect of this discovery is the preserved nature of the 48m thick unit intersected at Investigators,” managing director John Prineas said.“This significantly increases the potential likelihood for the presence of larger accumulations of nickel-copper mineralisation nearby.”St George is working towards defining a resource at one of the many high-grade and near-surface nickel discoveries it has made along the Cathedrals Belt at Mt Alexander, as a precursor to establishing a “starter’’ mining operation.

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In terms of environmentally friendly nickel production, I read somewhere that Canada Nickel is going to run on 100% hydro. Thus their share price shot up after Musk's recent nickel comments.

SGQ Price at posting: 9.9¢ Sentiment: Hold Disclosure: Held
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