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St George Mining Identifies High-Grade Rare Earth, Niobium Mineralization in Brazil Project, Shares Down 4%

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St George Mining (ASX:SGQ) identified high-grade mineralization from the surface at its Araxá project in Brazil with the release of assay results from diamond drilling, according to a Wednesday Australian bourse filing.

The results were of up to 135.1 meters at 4.86% total rare earth oxide from surface and 150.2 meters at 0.72% niobium pentoxide from surface, with the assays to feed into an updated mineral resource estimate for Araxá due for completion this quarter.

The company's shares fell 4% in recent Wednesday trade.

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