St George Mining in trading halt to consider, plan and execute capital raising

St George Mining Ltd (ASX:SGQ) has been granted a trading halt by the ASX in order to consider, plan and execute a capital raising. The halt will remain in place until the beginning of regular trade on Monday, May 3, or when an announcement is released to the market, whichever occurs earliest. Multiple new targets The company has used recent geophysical surveys to identify multiple new nickel-copper sulphide targets at its flagship high-grade Mt Alexander Project in WA's north-eastern Goldfields. Ground-based EM surveys completed along the Cathedrals Belt identified similar shallow EM conductors to those that resulted in nickel-copper sulphide discoveries at Stricklands, Investigators, Cathedrals and Radar. However, the ground-based EM surveys were of limited effectiveness at West End because of the conductive cover to the west of Investigators. Subsequently, a high-resolution ground gravity survey has been completed over West End and Investigators with data supporting the prospectivity of the area for nickel-copper sulphides.