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2.5¢ st george mining limited

Hi there tradealot, well done for contacting JP and thanks for...

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mulac1

1,581 Posts.

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18/02/21

15:23

Post #: 51124675
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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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Hi there tradealot,

well done for contacting JP and thanks for posting his response.

I guess we can assume that the Met samples from Stricklands will be air freighted to Canada within a week or so. It is also reassuring to find out that the conductor target drilling has not started as that provides relief that the conductor drilling was not a failure.

Hopefully an announcement from the company soon.

Cheers
Mulac1

SGQ Price at posting: 10.0¢ Sentiment: Hold Disclosure: Held
13 Upvote

0 Great analysis

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