@Pinnacle You are spot on. The closer you get to the source the more veins you get and the thicker they will be. The deep holes have produced one hole with a 20m ultramafic with 9m of disseminated / blebby sulphides at between 1 and 5% grades, and the other 3 holes have produced multiple intersections with a decent mix of ultramafic, disseminated, blebby and some massive sulphides with good grades. Remember the drill holes are only 3 inches in diameter and they were exploratory holes so to hit something drilling "blind" is extremely encouraging. The DHEMs will imo light up and hone in on some very nice massive sulphide targets.
@peejayhercules well done on reposting the link to Balmoral Resources explaining nickel deposits. I posted this around 6 months ago and recommend all holders watch the video and read the text as it will help them understand why the latest announcement is very good news for St George http://www.balmoralresources.com/projects/grasset/nickel-deposits-explained.
As explained in the text massive sulphide deposits are very rare and there are not many massive sulphide mines around. Most nickel sulphide mines are disseminated and blebby sulphide mines with no massive sulphides and yet they are still very profitable. St George is getting massive, disseminated and blebby sulphides plus copper, cobalt, pge, and other minerals so imaging if they hit a magma chamber source, multiple magma sources or even the primary feeders.
St George is following the Octopus tentacles back to the body and the thicker and more tentacles there are the closer they are getting to the Octopus. Maybe there are many more Octopuses.
It is also worth mentioning that over the years St George has had challenges with many of the traditional nickel sulphide surveying techniques because of all the masking and interference due to the mixture of sulphides and other inhibiting factors in the Cathedrals Belt. They have settled on the DHEM technique which focuses on and identifies massive sulphide plates. This means St George has only been targeting massive sulphides and even so they have made multiple disseminated and blebby sulphide hits drilling these massive sulphide targets. This indicates there is much more disseminated and blebby sulphides, copper and pge minerals not being detected. They may be able to use the IP survey process for detecting the disseminated and blebby sulphides but I suspect the massive sulphides will mask the results and it will not be effective, hence why St George has not used it. Imaging if we could see what's really in the ground! Unfortunately this will take time as the only way to see it all is to do much more drilling but ultimately we need to mine it. Very nice problem to have imo!
Happy Days and stay patient SandyC
SGQ Price at posting:
17.0¢ Sentiment: Buy Disclosure: Held
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