SGQ 0.00% 2.5¢ st george mining limited

SGQ: TAKE OVER TARGET ?, page-17

  1. 1,195 Posts.
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    Greetings Dazedandconfused,

    I don't think we can compare the strike length of the Cathedral belt to the size of deposits you showed in your post. The latter as you know are major intrusions and large clusters of mineralisation. Maybe as we get closer to IDA fault and we test intrusives emanating from deep-seated sources such as possibly at West End, we might discover large clusters as well as sizable intrusives. Meanwhile, if I was a religious bloke, I would pray for a fluke sulphide intersection on a massive pod as Sirius did with Nova in their final and last hole of their programme, because it seems to me that we are still a long way off from a JORC release.

    There is no arguing that we still have some beautiful structures to be tested at Mt Alexander and over the recently granted tenements. I and other posters have posted extensively on them and of their potential. In fairness, there have been many holes drilled over the last 10+ years on Mt Alexander. But, for the plethora of holes and targets that were recognised and drilled, BHP it appears did very cursory drilling and SGQ consistently failed to follow through with their compelling anomalies and targets chosing to move from prospect to prospect and tenement to tenement. Now, maybe the area is too large for a minnow like SGQ to explore systematically. The last report, whilst substantial in its form, was a bit disjointed and rhetorical with numerous new names and prospects that - at least to my understanding - are left hanging without ongoing detailed planning or targeting. In my opinion, there are too many loose strings hanging that need tidying up.

    Cheers,

    Helmenesh.
 
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