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St George Mining Ltd opens SPP ahead of major drilling programs

St George Mining Ltd (ASX:SGQ) has today opened its Share Purchase Plan priced at $0.085, with a scheduled close of 15th April 2015.

The entry price is the same as the recent $2.3 million oversubscribed placement.

Funds will be allocated to St George's drilling programs across Western Australia.

John Prineas, executive chairman, commented:

"We are about to commence our most highly anticipated drill programs.

"On 18 April, we will start drilling electromagnetic (NYSE:EM) targets at Mt Alexander.

"High grade nickel-copper sulphide mineralisation has already been discovered by BHP Billiton at the Project and we believe our planned drilling at the Cathedrals Prospect and new Stricklands target has a high chance of further success.

"We then start drilling at East Laverton where our targets will include the 200,000 Siemens EM conductor at Windsor and our high priority gold targets at Ascalon and Bristol."

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