SGQ 6.25% 3.4¢ st george mining limited

Ann: High Grade Nickel-Copper Sulphides in First Drill Hole, page-14

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  1. 1,195 Posts.
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    Greetings Dollars & Sense

    Apart from the sulphides, Cobalt, PGEs and precious metals, we might have to take a serious revisit of the project with this geological interpretation by Rodinia Geological Services. Clearly it appears that what we have been intersecting to date are stringers of ultramafics and associated sulphides that have emanated from a deep source which is yet to be intersected. But, the comparison in their interpretations to the Voisy Bay, Raglan and Norilk world class sized deposits and the discovery of the pegmatites with the possibility that it could be a source for Lithium, changes the entire economics of SGQ in my opinion. I say this because of the potential volume of the pegmatites that could be an exploitable unit on the way to reaching deeper seated ultramafics and sulphides. This will potentially make the overburden to ore ratio look silly in an open cut operation.
    Very encouraging results in this one hole but as we know one Swallow does not make a Summer. It is still very early days. So, now that SGQ has some decent cash in the kitty and a plausible interpretation of what could be happening in 3D, it is time to pull all stops, put a rocket up its proverbial “A” and get a few drilling rigs rotating in these prospects.

    Cheers again Dollars & Sense and to everyone,

    Enjoy the Ride.
    Helmenesh
 
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