Ann: Drilling of Strong EM Conductors at Mt Alexander, page-56

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McQuade

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16/11/20

13:14

Post #: 48904599
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Originally posted by FireflyOne: ↑

Try reading the report they found nickel just not the massive amounts. When drilling these type of holes it is about zeroing in on the resource. DHEM surveys are not an exact science, it does not give us an exact place to drill, it only gives us an idea that something big is deep down and where to put the next hole.The next survey will give us further information and so on. Most nickel explorers drill dozens of holes with out finding anything. St georges strike rate is impressive in a way that is unusual and says something about the level of our geologists ability and intelligence at finding these shoots. Rome was not built in a day and neither are Nickel mines it takes a lot of hard work and sweat. We are getting close and there is a lot more drilling still to come.

ASX / MEDIA RELEASE 16 November 2020DRILLING OF STRONG EM CONDUCTORS AT MT ALEXANDER DELIVERS FURTHER POSITIVE RESULTS30m thick mafic-ultramafic unit from 440.5m downhole intersected by MAD192 at the West End Prospect: •The interval includes a 6m thick ultramafic with disseminated nickel-copper sulphides from 465.5m downhole (<5% sulphides with pentlandite (pn), chalcopyrite (cp) and pyrrhotite (py))

•The mineralised mafic-ultramafic unit intersected by MAD192 has not been structurally modified – it is preserved, which supports the potential for the presence of nickel-copper sulphide deposits that are intact and unaltered•The thick mafic-ultramafic unit is comprised of the same intrusive-style rocks that are known to host high-grade massive nickel-copper sulphides in other parts of theCathedrals Belt

all the best

FireflyOne

The writer's opinions are his own and do not constitute financial advice in any ways.Nothing here constitutes an investment recommendation nor should anything written here or published by myself be relied upon for any investment activities.I strongly recommend that you perform your own independent research and/or speak with a qualified investment professional before making any financial decisions.

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Cheers. I did read the report, but in the context of JPs "breathtaking" interview this result is a failure. Disseminated sulphides at 460m, all 6m of it, is not what JP was talking about. I'm disappointed because all I'm hearing about is technical success which covers up commercial failure. Just because the structure is preserved doesn't give me any greater degree of confidence that they are any closer to success. I thought they were after the last spectacular DHEM discoveries (lol).

Having said all that, I bow to the better judgement of more qualified geo types, my shares are locked away and my fingers are crossed.

SGQ Price at posting: 13.0¢ Sentiment: Buy Disclosure: Held
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