St George Mining (SGQ) is steadily increasing the footprint of high grade base metal (Ni, Cu, Co, PGE) mineralisation in the Cathedrals Belt of Western Australia since taking control of the project in early 2016. Argonaut is highly encouraged by the latest drill hole MAD108 at the Investigators Prospect which intercepted 7.6m of sulphide mineralisation, including 1.3m of massive sulphides, down dip of previous holes MAD38 and MAD60 extending the mineralisation ~320m down-plunge. Hand-held XRF reading for the massive component measured 8% Ni and 7% Cu. Exploration along the 4.5km mineralised strike of the Cathedrals Belt is ongoing and we predict the company will be in a position to release a Maiden Resource in late-2018 or early-2019. SGQ is a standout Ni/Cu explorer based on exceptional grades (up to 8% Ni equivalent) and open pittable fresh rock mineralisation.
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