St George Mining (SGQ) is currently drilling at its Mt Alexander Project in Western Australia. First results from the 2019 Phase 2 program have returned promising results with Hole MAD146 at the Investigators prospect intercepting 15.1m of disseminated, blebby and massive sulphides. Current drilling is testing up to 42 EM conductors across the Cathedrals Belt, which to date, has had a 100% correlation of EM plates to Ni/Cu sulphide mineralisation. While exploration is still in the early stages, the project has shown the potential to host multiple, high tenor Ni/Cu pods with a prospective 16.5km strike length. Speculative Buy recommendation maintained.
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