St George Mining to Acquire Two Projects from Nickel West

St George Mining Ltd. (ASX:SGQ) announced that it’s entered into a binding agreement with BHP Billiton Nickel West Pty Ltd. under which it will acquire 100 percent of the Hawaii and Mt Alexander North projects.
Highlights include:

• The Projects are adjacent to the Ida Fault, a fundamental structure that links with the Mt Goode Rift which hosts the high grade Cosmos nickel sulphide deposits
• Significant opportunity for a nickel sulphide discovery on underexplored tenements in a world class nickel address
• Acquisition enhanced with additional tenement applications by St George over contiguous geological and strategically important areas
• High impact drilling programme planned by St George for October 2015

John Prineas, executive chairman of St George, commented:

The Hawaii and Mt Alexander North projects are underexplored but located within an area that has an excellent history of major nickel sulphide discoveries.
This acquisition is consistent with our strategy of identifying early stage projects, like at East Laverton, and creating substantial value through systematic and technically driven exploration.
We will ramp up exploration activity at these new Projects while continuing our extensive exploration programme at the East Laverton Project.
St George has substantially increased its already attractive exploration portfolio with multiple high quality opportunities for a significant discovery.

Click here to read the full St George Mining Ltd. (ASX:SGQ) press release.