St George Mining (ASX:SGQ) - Executive Chairman, John Prineas - The Market HeraldExecutive Chairman, John PrineasSource: St George Mining
  • Downhole electromagnetic surveys at St George Mining's (SGQ) Mt Alexander project in WA's eastern Goldfields have revealed two prime targets
  • The two targets were detected around 475 metres downhole in a previously undrilled area
  • Other electromagnetic (EM) anomalies of similar strength across the Cathedrals Belt have been confirmed by drilling to be massive sulphides with high grades of nickel, copper, cobalt and platinum group elements
  • A diamond drill rig is due to arrive on site by Friday to begin testing the stronger of the two new conductors
  • Drilling will continue based on further drilling and EM data as it is received
  • St George Mining is trading 16.67 per cent higher for 14 cents