🚀 St George Mining (ASX: SGQ) Delivers More Outstanding High-Grade Rare Earths & Niobium Results at Araxá
St George Mining has reported another exceptional round of drilling from its 100%-owned Araxá Rare Earths & Niobium Project in Brazil, with multiple thick, high-grade intercepts from surface reinforcing the project's scale and development potential. The latest assays will feed into an updated Mineral Resource Estimate due this quarter.
New record intercept of 207.0m @ 0.30% Nbâ‚‚Oâ‚… from surface, including 24.0m @ 0.55% Nbâ‚‚Oâ‚…
Exceptional rare earth results include: • 80.0m @ 4.86% TREO, including 66.0m @ 5.22% TREO • 80.0m @ 3.82% TREO, including 51.0m @ 4.52% TREO • 85.5m @ 3.25% TREO, including 36.0m @ 5.10% TREO
Multiple thick, high-grade mineralised zones from surface continue to support the potential for a simple open-pit mining operation
Assay results will contribute to the updated Mineral Resource Estimate, expected this quarter
The latest drilling further strengthens Araxá's position as South America's largest and highest-grade carbonatite-hosted rare earth resource, with significant upside for further resource growth.
Share Price: $0.075
Market Cap: $366.38M
St George continues to demonstrate the exceptional scale, grade and near-surface nature of the Araxá Project. With an updated resource estimate, ongoing economic studies and continuous drilling success, the Company remains well positioned to unlock further value and deliver strong news flow in the months ahead.
Visit: https://colitco.com/st-george-araxa-record-drill-results-colitco/
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