SGQ 0.00% 2.5¢ st george mining limited

Ann: Highly Successful Drilling at Paterson Project, page-38

  1. 12,944 Posts.
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    OK Guys.

    This is a MAIDEN drilling program.

    The co said:

    "PATERSON DRILLING DELIVERS ENCOURAGING RESULTS:
    • XRF analysis of the basement rocks intersected by the drilling indicates elevated levels of
    pathfinder elements for potential base metal and gold deposits including highly
    anomalous bismuth, arsenic, copper, zinc, lead, molybdenum and vanadium
    • Petrographic analysis of samples from several completed drill holes confirms the presence
    of chalcopyrite and metasediments, which is the lithology known to host base metal
    mineralisation in the Paterson region"


    I would actually have gone a step further and called this a "very highly successful maiden drilling program"! That is what it is. To intimate this is a "duster" or not worth reporting or some such shows a complete lack of understanding of "digging and drilling". If it was a brand new co, just floated, coming up with stuff like this - I bet their sp would at least "bag"!

    IMO, the "fundamentals" have not changed. I am happy to hold but cannot add as I am buying elsewhere.
 
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