Interesting snippet from todays St0ckhead
A JV would provide some readies that would negate a CR - lets see what happens
St George Mining (ASX:SGQ) recently kicked off early stage exploration at its Paterson project that it secured in December last year.This includes an airborne magnetic survey over its exploration licence, which covers more than 35km of prospective ground with potential similarities to the stratigraphy that hosts the mineralisation at Winu, Nifty and Telfer.It added that a review of regional magnetic and gravity data had highlighted a number of key structures and tectonic features within its ground.The company noted that these features were more prominent in its licence compared to areas like Winu and Havieron, which indicates the depth of cover might be lower than at these other projects.Executive chairman John Prineas previously told * the explorer got the jump on major mining companies “that have since approached us to sell or JV the ground”.
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