Further high-grade rare earths and niobium results for St George - ICYMI [Yahoo! Finance]
LYNAS RARE EARTHS S/ADR (LYSDY)
NASDAQ:AMEX Investor Relations:
lynascorp.com/shared%20documents/investors%20and%20media/lynas%20corp%20american%20depository%20receipt%20040118.pdf
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Source: Yahoo! Finance
St George Mining Ltd (ASX:SGQ, FRA:S0G, OTC:SGQMF) recently reported further high-grade rare earths and niobium results from ongoing diamond drilling at the Araxá Rare Earths and Niobium Project in Brazil, reinforcing the project's potential scale and development prospects. Executive chairman John Prineas said the latest results, comprising 16 drill holes, continued to demonstrate thick zones of mineralisation from surface to depths of around 160 metres. He noted that multiple holes intersected more than 100 metres of high-grade rare earth mineralisation, with grades broadly in line with the company's existing resource. Prineas highlighted that grades typically sit around 4% total rare earth oxides, with some intervals significantly higher. He stated that results reached “up to about 24% in some cases,” underlining the presence of high-grade zones within the broader system. He added that these grades compare favourably with global peers, referencing Lynas Rare Earths' Mount Wel
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