St George Mining Finds High-Grade Rare Earth Mineralization at Brazil Project; Shares Hit Four-Year High

MT Newswires Live
09/17

St George Mining (ASX:SGQ) found high-grade rare earths mineralization during a recent drilling at its Araxa Project in Brazil, according to a Wednesday Australian bourse filing.

The results were up to 48 meters at 5.7% total rare earth oxides (TREO) from 2 meters, including 15 meters at 12.6% TREO from 4 meters.

The discovery is 1 kilometer east of the company's existing mineral resource estimate, indicating potential to add a significant volume of near-surface, high-grade rare earths and niobium mineralisation to an updated estimate, the filing added.

The company added that three diamond drill rigs are operating at the site, drilling expansion targets along strike of the existing mineral resource estimate.

The company's shares rose almost 13% in recent Wednesday trade, earlier hitting their highest since May 2021.

免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。

熱議股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10