Obviously they don't, or people wouldn't post cr@p like SGQ have a "proven 50,000t Ni", and get likes for something that is clearly incorrect and just ramping.
"The resource drill-out of the shallow, high-grade nickel-copper sulphide deposit at Stricklands has concluded with 52 drill holes completed for 4,077m of RC drilling.
Drill holes were completed on close-spacing of between 10m to 20m. Samples from the drilling have been dispatched for laboratory assaying in Perth. The shallow Stricklands mineralisation has been defined over an area that is approximately 450m long, 50m wide and 80m deep. See Figure 1 (next page) for a schematic diagram of the interpreted mineralisation at Stricklands.
Entech, the external geological consultancy engaged by St George to issue a JORC-compliant resource estimate for Stricklands, will receive all drill hole data and assay data as soon as available. The resource estimate, once issued, will be used in the scoping study for a potential mining operation at Mt Alexander including the design of alternative open-pit shells for mining."
Notice how nothing mentioned about needing Metallurgical testing for the resource estimate??
They completed 52 holes for the resource drillout, 4077m in total, (interesting there are 68 blue dots of resource drill hole collars on the diagram pg2), yet have never been given an account of that drilling. Notice how diagrams are just inconsistent with stated facts?
The statement ..."The completed drilling at the Project is not sufficient to establish the degree of geological and grade continuity to support the definition of Mineral Resource and Reserves and the classifications applied under the 2012 JORC code"
... was in that announcement, and fair enough before the assays and getting the resource estimate from Entech..
However it is well past a year since that resource drillout was complete, yet they are still claiming not enough for a resource estimate. The only logical conclusion is that the resource drillout was a miserable failure, (otherwise why not release it before the cap raise this year), yet we still have posters claiming 50,000t of Ni!!
Yes I noticed that statement hidden away recently, but no-one else did!! It's been there all the time, despite the resource drillout over a year ago that would have seen that statement changed, if they had any type of worthwhile resource.
SGQ Price at posting:
6.6¢ Sentiment: Sell Disclosure: Not Held
