Ann: Thick Mineralisation Intersected at Mt Alexander, page-11

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Black horse

86 Posts.

01/05/17

14:38

Post #: 24383943
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Originally posted by cobber321 ↑

22 metre thick !

MAD49 at the Stricklands Prospect intersects a thick 22m interval of nickel-copper sulphide mineralisation comprising disseminated, matrix and massive sulphides at a shallow depth of 31.8m from surface •

but then i looked at MAD49 and realised (unless i am wrong !) 0.75m actually contained Ni @ 2.2 and 2.6%

MAD49: MAD49 tested an off-hole DHEM plate (MAD21/23 p_1) and was drilled to a downhole depth of 85m. The drill hole intersected a thick ultramafic unit from 14.5m to 54.2m. The ultramafic was weathered from 14.5m to 31.8m, with the remainder of the unit in fresh rock. A 22m thick interval of nickel-copper sulphide mineralisation was intersected by MAD49 from 31.8m downhole, and comprised: • 10.2m of weakly disseminated sulphide from 31.8m to 42m • 6m of moderately disseminated sulphides from 42m to 48m • 3.6m of moderately disseminated sulphides with stringer sulphides and massive sulphide veins (up to 7cm) throughout from 48m to 51.6m • 0.4m of heavily disseminated and some massive sulphide veins (up to 6cm) from 51.6m to 52m • 0.25m of massive sulphide (spot XRF readings averaging 2.2%Ni, 1.7%Cu) from 52m to 52.25m • 1.25m of matrix sulphides with some stringers from 52.25m to 53.5m • 0.52m of massive sulphide (spot XRF readings averaging 2.6%Ni, 3.6%Cu) from 53.5m to 54.02m

IMO MAD50 looked better with 4.3 metres @ 4.6% Ni (Rockies Reward - BHP NW Leinster is only 4% )

MAD50: MAD50 was drilled 40m to the north-east of MAD49. The drill hole was not testing a specific EM conductor, but was designed to test for any continuity of the mineralised ultramafic at Stricklands 25m west of MAD26 which intersected 4.3m @ 4.26%Ni and 2.02%Cu from 53.9m. MAD50 was drilled to 117.7m and successfully intersected the target ultramafic unit as well as over 7m of nickel-copper sulphide mineralisation. Further details are: • 30.4m of ultramafic from 9.2m to 39.6m with fresh ultramafic from 32.4m to 39.6m • 7.2m of weakly to moderately disseminated, stringer (spot XRF readings of 1.8%Ni) and blebby sulphides from 32.4m to 39.6m M

Is this the first of many announcements ? i certainly hope so because this has done absolutely nothing to excite the market .

Can anyone advise what more SGQ need to do to prove up a mineable resource

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Could any clairvoyants please tell us if we have anything decent in our tenements; and if we do, where can we find them?

SGQ Price at posting: 16.0¢ Sentiment: Buy Disclosure: Held
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Ann: Thick Mineralisation Intersected at Mt Alexander, page-11

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