SGQ

2.86%

3.6¢ st george mining limited

Ann: Drilling Update for Mt Alexander, page-11

First 11 Last

Share
Profile

Follow
ozblue

9,111 Posts.

8513

23/02/21

11:31

Post #: 51242293
Share

Originally posted by ozblue ↑

I'll be the first to admit I'm looking at everything here with a really critical eye, basically because I don't like losing money on investments.

This announcement has obviously been rushed as there are numerous mistakes, like marking 2 holes as STD011 on the map on pg 3.

I was curious to where exactly the holes were drilled, this information is in the table on pg 9.

Looking at that table for how close the holes were, the one right next to the highlighted STD014 is STD013 (marked as STD011 on pg 3), is only ONE metre away. However hole STD014 is called as being in "West End", while hole STD013 is stated as being in "Fairbridge" in that table.

What is this, amateur hour??

These 2 holes, only a metre apart (according to the Eastings and Northings), are both at a very steep dip 85 and 86 degrees, so even though one is oriented nearly North (STD014) and the other nearly South (STD013) they will be only a few metres apart where they hit the ore zone (IMHO probably less than 10m as a WAG without doing the maths on it). However the mineralization hit seems to be vastly different, with STD013 being nowhere near as good as STD014.

I'm starting to realise exactly why they keep looking for the elephant, there appears to be some nice very rich veins of ore in these shallow areas, but they are not consistent, nor are giving any good bulk areas to mine. How do you let shareholders with high expectations know about this over time? IMHO do exactly as they have been doing and hope to find the elephant.

Expand

I just did the trigonometry on the 2 holes STD014 and STD013, they are approximately 10.01 metres apart at 58 metres depth, while only 1 metre apart at surface.

At 30 metres deep where the mineralization is starting they are only 5.7 metres apart.

It will be a fascinating eye opener to see the assays of both those holes so close together.

SGQ Price at posting: 10.5¢ Sentiment: None Disclosure: Held
15 Upvote

0 Great analysis

Reply

Top Stories

The winners & losers on market if negative gearing were gone

DEG

HotCopper users muse on De Grey's denial of Agnico Eagle takeover bid – but who are Agnico?

Week 39 Wrap: What HotCopper’s watching; China’s new stimmy moves boost metals; Oz CPI drop

KAL

KalGold rolls out detailed aeromagnetic survey across Pinjin project

STK

5.6g/t gold intercept at Serbia's Rogozna supports Strickland's hopes for high-grade core

ACW

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

NAM

ACCC seeks Olam divestments before it can buy Namoi Cotton

COD

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

ESR

Estrella first foreign entity to win tenements in Timor-Leste under new laws ahead of 2025 tenders

The market's shrugged at China's stimulus measures all year. Why is this one different?

There are more pages in this discussion • 179 more messages in this thread...

First 11 Last

Add SGQ (ASX) to my watchlist

(20min delay)
Last 3.6¢		Change 0.001(2.86%)		Mkt cap ! $39.18M

Open	High	Low	Value	Volume
3.5¢	3.7¢	3.4¢	$376.7K	10.56M

Buyers (Bids)

No.	Vol.	Price($)
1	92413	3.4¢

Sellers (Offers)

Price($)	Vol.	No.
3.6¢	420837	3

View Market Depth

No.	Vol.	Price($)
1	92413	0.034
4	369963	0.033
4	3846900	0.032
1	1111111	0.031
8	1000335	0.030

Price($)	Vol.	No.
0.036	420837	3
0.037	1447297	3
0.038	482159	7
0.039	1194000	3
0.040	1627176	5

Last trade - 16.10pm 27/09/2024 (20 minute delay)

SGQ (ASX) Chart

Ann: Drilling Update for Mt Alexander, page-11

The winners & losers on market if negative gearing were gone

HotCopper users muse on De Grey's denial of Agnico Eagle takeover bid – but who are Agnico?

Week 39 Wrap: What HotCopper’s watching; China’s new stimmy moves boost metals; Oz CPI drop

KalGold rolls out detailed aeromagnetic survey across Pinjin project

5.6g/t gold intercept at Serbia's Rogozna supports Strickland's hopes for high-grade core

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

ACCC seeks Olam divestments before it can buy Namoi Cotton

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

Estrella first foreign entity to win tenements in Timor-Leste under new laws ahead of 2025 tenders

The market's shrugged at China's stimulus measures all year. Why is this one different?

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Ann: Drilling Update for Mt Alexander, page-11

Top Stories

The winners & losers on market if negative gearing were gone

HotCopper users muse on De Grey's denial of Agnico Eagle takeover bid – but who are Agnico?

Week 39 Wrap: What HotCopper’s watching; China’s new stimmy moves boost metals; Oz CPI drop

KalGold rolls out detailed aeromagnetic survey across Pinjin project

5.6g/t gold intercept at Serbia's Rogozna supports Strickland's hopes for high-grade core

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

ACCC seeks Olam divestments before it can buy Namoi Cotton

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

Estrella first foreign entity to win tenements in Timor-Leste under new laws ahead of 2025 tenders

The market's shrugged at China's stimulus measures all year. Why is this one different?

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News