St George Mining (ASX:SGQ) - Executive Chairman, John Prineas (centre)
Executive Chairman, John Prineas (centre)
Source: St George Mining
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  • Christmas has come early for St George Mining (SGQ) with its diamond drilling at Mt Alexander expected to start much earlier than anticipated
  • The WA nickel company is expecting the drill rig to arrive on the site around January 6
  • The first target to be drilled will be seismic target S1, followed by seismic target S2
  • Executive Chair John Prineas says the targets are “excellent” for significant nickel-copper sulphide mineralisation
  • St George is up 1.64 per cent and trading at 6.2 cents per share

St George Mining (SGQ) is expecting to commence diamond drilling at Mt Alexander early next year, much earlier than initially planned.

The West Australian nickel company is expecting the drill rig to arrive at the project around January 6.

The first target to be drilled will be seismic target S1, which will then be followed by seismic target S2.

Both targets have a geophysical signature in the seismic data that is similar to the
massive nickel-copper sulphides intercepted at the Investigators prospect.

Commenting on the news is Executive Chairman John Prineas.

“We are delighted to be able to bring forward the start date for the 2022 diamond drill programme at Mt Alexander. S1 and S2 are excellent targets for significant nickel-copper sulphide mineralisation, and we do not want to waste any time in drilling these targets,” he said.

“We thank DDH1 Drilling for its support in making a drill rig available so early in the New Year. On behalf of the Board, I wish our shareholders and service providers a safe and happy festive season. We look forward to a very exciting 2022.”

St George was up 1.64 per cent and is trading at 6.2 cents per share at 12:12 pm AEDT.

SGQ by the numbers
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