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2.5¢ st george mining limited

Ann: Drilling to Resume at Mt Alexander, page-137

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Kipper01

8,212 Posts.

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17/02/21

23:00

Post #: 51097831
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Originally posted by tradealot ↑

.

Hi Mulac1 - Agree with all that.

Was corresponding with John 1/2 hr go. Asked a few question.

1 Drilling rates update = DD $200 pm

2 Covid

3 Drilling Progress

Following is John's reply

In regard to your questions:

1. The drill rates you quote are fair estimates, maybe the RC closer to $100/m. These are the costs payable to the driller. Need to add another $50/m for other field costs and $30/m for assays. Estimates only.

2. COVID restrictions in Perth meant that we did not have a replacement crew when the shift change was due. We have been drilling on single shift for 10 days but will return to double shift on the weekend.

3. Because of the single shift drilling, we are still on the met holes at Sttricklands. Hope to start the conductors by Saturday. Will hopefully announce that early next week.

Regards

John Prineas

.

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Yep, JP was hoping to make an announcement this week but wanted Stricklands completed first ...

SGQ Price at posting: 10.0¢ Sentiment: Buy Disclosure: Held
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